How artificial intelligence is transforming the life?

There is big myth about the Artificial Intelligence,that will replace the humans capital,but i would say that, it is helping hand of human being that can make more easier and provide the automated and friction less experiencing to our customers.

From mid 90's, we heard, computer will cut the jobs of humans. Now times has changed we are in digital revolution age, now it is very difficult to define to culture of technological innovation in digital age. Each and every sector has day by day improving the better customer experience, smarter society by the help of technology.

How artificial intelligence works?

Artificial Intelligence (factors Machine Learning,Deep Learning & Data Sciences) combines the large amount of data and give the result in fraction of time like human intelligence.

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Application of Artificial intelligence in marketing:

The automated system should be manage the our data mining algorithms and insight of customer data and improving the better service to customer.Its manage the PSYCOGRAPHIC behaviour of customer. It also help in decision making. And banging the CRM. It allows system to monitoring the overall performance of campaigns and tracking.

Forecasting:

It is the process of estimating future data from existing or new business. Artificial intelligence are provides the accurate data to take a decision for demand forecasting ,supply forecasting,sales forecasting,so that company can deliver the goods and service on stipulated time and make customer happy.

Automation:

Artificial intelligence in automation, means there is no human intervention,

A restaurant (Hema's Robotic restaurant) in Shanghai is fully automated with no any human getting order and serving food on table,only robots are able to do so, by Alibaba group. And the notion Amazon robotics is that to fulfil the consumer demand in faster product delivery service.

Analysis:

Artificial intelligence have given analytics report in fraction of second,so we can reduce time and money.

Decision making:

Artificial intelligence can deeply understand the customer needs and wants on the basis of market segmentation in digital age by the help of big data (customer behaviour on their psychoghraphic analysis) and provides the marketing decision in long term run.

Customer relationship management:

Customer is king,retention of the customer is a crucial part of any business.Now in customer/consumer age , they have many option to opt any brand. It is one of the most crucial part to engage our customer.So AI can understand and identified the problem (pre-sales and post sales data) and provides to the customised and personalised services to the every individual customer, according to their needs in right context at the right time, And over all enhance the customer satisfaction.

Application of Artificial Intelligence on personal digital assistant:

AI Enabled Voice search: These are AI enabled personal digital assistant,voice search can reply answers to you as per your query.

Hey google(By Google), Alexa(By Amazon) , siri ( By Apple),Watson Assistant (By IBM), cortana (By Microsoft), It will provides you customized personalized answer according to your data such as if you looking for flight for New York to London,then it provide the information according to your budget and your habits.

AI enabled in Chat Boat:

Eva (By HDFC bank),Ask Disha( By IRCTC) these are Artificial Intelligence enabled chat boat, It is Real-time customer support and enhance the customer experience.

Online customer support:

Now a days automated customer support serviced by artificial intelligence,It is Real time online customer support.

Application of Artificial Intelligence on Banking for fraud detection:

Many banks are using various software that enabled with artificial intelligence to detect and predict the transaction whether it is fraud or not.The AI consists with sample data and predict the fraudulent and non fraudulent data,and learn about the transactions whether it is valid and fraud on transaction data.After further time being AI understand the real-time fraudulent,based on learned previously from big data.

Application of Artificial Intelligence on cyber security:

Nowadays cyber security is very challenging because every day cyber attacks cases are increases.Hacker are using tools to do the attacks.Now manually, its very difficult to defenses from attackers.Most of companies are using very advanced tools to protect the data. Artificial Intelligence can give the real-time threat detection,mitigation,prevention. Using Machine learning and deep learning algorithms on big sample data and give the training by expert to the Artificial intelligence to learn about the monitoring,predicting,detecting and adapt and respond to prevent the threats,and alert. Artificial Intelligence plays very important and essential role in cyber security to providing multi layered security that is very powerful and elegant.

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"Nowadays scientist are working tremendously to use the Artificial Intelligence in each and every industry like Earth science, Computer technology, Astronomy to understand the universe and give to the better quality of life to society like human intelligence."