Artificial Intelligence — What is it and why is it so important?

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Artificial intelligence (AI) allows computers to learn from their own experience, to adapt to the given parameters and to perform those tasks that were previously only possible for humans. In most cases of AI implementation — from computer chess players to unmanned vehicles — the possibility of deep learning and natural language processing is extremely important. Thanks to these technologies, computers can be “taught” to perform certain tasks by processing a large amount of data and identifying patterns in them.

The history of the development of artificial intelligence

The term “artificial intelligence” appeared in 1956, but AI technology has only reached real popularity today against the background of increasing data volumes, improving algorithms, optimizing computing power and data storage facilities.

The first research in the field of AI, launched in the 50s of the last century, was aimed at solving problems and developing symbolic computing systems. In the 60s, this area attracted the interest of the US Department of Defense: the US military began to train computers to simulate human mental activity. For example, the Department of Defense’s Advanced Research Projects Agency (DARPA) completed a series of virtual street map projects in the 1970s. And DARPA specialists managed to create intelligent personal assistants in 2003, long before Siri, Alexa, and Cortana appeared.

These works became the basis for the principles of automation and the formal logic of reasoning, which are used in modern computers, in particular, in decision support systems and smart search engines, designed to complement and enhance human capabilities.

Although AI is often portrayed as sci-fi robots in science fiction films and novels, grabbing power over the world, at this stage in the development of AI technology, AIs are not so scary and far from so smart. On the contrary, the development of artificial intelligence allows these technologies to bring real benefits in all sectors of the economy. Examples of the use of artificial intelligence technologies in healthcare, retail and other areas are described below.

What is the importance of artificial intelligence?

  • AI allows you to automate repetitive learning and search processes through the use of data. However, AI differs from robotics, which is based on the use of hardware. The goal of AI is not automation of manual labor, but the reliable and continuous execution of numerous large-scale computerized tasks. Such automation requires human participation for the initial setup of the system and the proper formulation of questions.
  • AI makes existing products intelligent. Typically, AI technology is not implemented as a standalone application. AI functionality is integrated into existing products, allowing them to be improved, just like Siri technology was added to Apple’s next-generation devices. Automation, communication platforms, bots and smart computers combined with large volumes of data can improve various technologies that are used at home and in offices: from security data analysis systems to investment analysis tools.
  • AI is adapted thanks to progressive learning algorithms so that further programming is based on data. AI detects patterns and patterns in the data that allow the algorithm to master a specific skill: the algorithm becomes a classifier or predictor. Thus, by the same principle by which an algorithm masters a game of chess, he can learn to offer suitable products online. At the same time, models adapt as new data arrives. Backpropagation is a method that provides model adjustment through training based on new data if the initial answer is incorrect.
  • AI provides a deeper analysis of large amounts of data using neural networks with many hidden levels. A few years ago, creating a fraud detection system with five hidden levels was almost impossible. Everything has changed with the tremendous increase in computing power and the advent of “big data.” For models of deep learning, a huge amount of data is necessary, since it is on their basis that they are trained. Therefore, the more data, the more accurate the model.
  • Deep neural networks allow AI to achieve an unprecedented level of accuracy. For example, working with Alexa, Google Search and the Google Photos service is based on deep training, and the more often we use these tools, the more effective they become. In the field of healthcare, the diagnosis of cancerous tumors in MRI images using AI technologies (deep training, image classification, object recognition) is not inferior in accuracy to the conclusions of highly qualified radiologists.
  • AI maximizes the benefits of data. With the advent of self-learning algorithms, the data itself becomes an object of intellectual property. The data contains the necessary answers — you just need to find them using AI technology. Because data now plays a much more important role than ever before, it can provide a competitive advantage. When using the same technology in a competitive environment, the one with the most accurate data will win.
Our developments 👆

Allbebet is engaged in artificial intelligence development in the field of predicting the outcome of sports events, in particular, the Oracle is now ready to predict the outcome of football matches, and is already able to compete with such a giant as Google. Soon, with the support of Artificial Intelligence, Machine Learning and Blockchain technology, everyone will be able to get the most accurate match outcome. Also, the possibilities of AI technology are almost limitless, and in the future many of humanity’s problems can be solved thanks to developments based on Blockchain and Artificial Intelligence technologies. Thank you for your attention, the next article will be about AI in sports, where we will describe in detail the whole situation at the moment. See you soon!

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Allbebet is an infrastructure project in the field of sports, gaming and technology solutions in the scope of AI.

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