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Artificial
intelligence is generally defined as a branch of computer science which helps
in creation and development of intelligence machines with the ability to work
as humans. According to market research reports , the types of Artificial
intelligence can be classified as Weak AI, Strong AI, Artificial general
intelligence and Super intelligence.
FACTORS
CONTRIBUTING RECENT DEVELOPMENT AND INCREASING USE OF AI
·
Growth
in Data Accumulation: Due to increasing connectivity of large number of smart
devices around the world, vast volumes of unstructured data have been
accumulated. As higher the amount of data gets collected, higher level of
problems could be solved more accurately due to advent of neural networks, deep
learning and machine learning, which could not be solved previously due various
factors. The following figure illustrates the estimated growth in amount of
data generated from 2016 to 2025.
·
Reducing
Capital Expenditure: Decreasing cost of computing Power and increasing
suitability of GPU’s to run massive computation has resulted in reduction of
time of performing complex calculations from several days to less than a day.
Applications
of Artificial Intelligence
Artificial
Intelligence can be used in different sectors such as Agriculture, Retail
Industry, Financial Services and Energy to name a few.
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