Artificial Intelligence (AI) has become so intertwined with our daily lives that sometimes we don’t realize we are interacting with it. According to Pega, only 33% of consumers think they’re using AI platforms when, in reality, the actual usage is around 77%!
An example of this blend is social media platforms. At some point in your life, you probably thought, “Is my social media actually listening to me?” after talking about something in real life and, out of the blue, seeing it on your feed the next time you’re navigating your favorite app’s feed. Let me tell you, this happens because of AI! Many digital products and services are actually learning from our interactions thanks to Machine Learning algorithms and AI. In this blog post, we’ll dive into more real-life examples of Artificial Intelligence while covering its definition and its types. Let’s uncover the wonders of AI!
What is Artificial Intelligence?
AI, short for Artificial Intelligence, focuses on simulating human intelligence with systems programmed to think and learn like us. AI enables machines to perform tasks that typically require human intelligence, such as problem-solving, decision-making, and recognizing patterns. Examples of Artificial Intelligence fields include Machine Learning (ML), Natural Language Processing (NLP), Deep Learning (DL), and Neural Networks (NN).
Types of Artificial Intelligence
Narrow AI vs General AI
First, we have Narrow AI, also known as Weak AI, which performs specific tasks within a limited domain. Here, examples of Artificial Intelligence include speech recognition systems like Apple’s Siri and recommendation algorithms used by streaming platforms like Netflix. Contrariwise, General AI, referred to as Strong AI or Human-Level AI, focuses on AI systems that are able to understand, learn, and apply knowledge across multiple domains. Yet, as of today, General AI is still largely aspirational.
Reactive Machines and Limited Memory AI
Further, Reactive Machines are systems that operate only in the current presented situation, without any memory or ability to learn from past experiences. Classic examples of Artificial Intelligence Reactive Machines include IBM’s Deep Blue and Google’s AlphaGo, which excel in specific tasks but lack memory. These systems, although impressive, are limited to the present moment and cannot learn from past encounters.
Conversely, Limited Memory AI can access past experiences to make informed decisions. Self-driving cars, one of the most used examples of Artificial Intelligence, use Limited Memory to analyze road conditions and make real-time driving decisions based on previous encounters. These smart vehicles can navigate complex traffic scenarios and ensure safety by learning from past situations.
Examples of Artificial Intelligence in Everyday Life
Artificial Intelligence in Daily Devices
Some great examples of Artificial Intelligence systems include our beloved Siri, Alexa, and Google Assistant! These systems allow us to control our smart homes, play music, and get answers through simple voice commands.
AI-powered smart devices, like self-learning thermostats and intelligent security systems, offer both convenience and enhanced security, making homes more comfortable and safe. Imagine coming home to a perfectly adjusted temperature, tailored to your preferences, thanks to a smart thermostat that learns your habits and adjusts accordingly!
Streaming services like Netflix, Hulu, and Spotify are further examples of Artificial Intelligence! Moreover, most streaming platforms harness AI to recommend movies, shows, or music based on watch history and preferences, personalizing entertainment experiences.
Artificial Intelligence in Social Media
Social media platforms are among the most daily-used examples of Artificial Intelligence as they harness AI to provide better experiences, from recommendations to ads. Here, AI algorithms analyze behavior to ensure they get the most relevant and engaging content according to their preferences.
We can also see AI in action for sentiment analysis, which enables platforms to gauge users’ reactions and feelings and use them in further product or service improvement. By analyzing feedback, social media platforms can identify areas of refinement and make necessary changes to enhance User Experience (UX).
But what are real-life examples of Artificial Intelligence in Social Media? Well, TikTok’s “For You” page, to name one! This personalized tab analyzes watch time, likes, comments, and shares to suggest further videos users are more likely to enjoy. Another great instance is Instagram’s Explore Tab, with curated content based on past interactions such as accounts followed, used hashtags, and liked posts.
Artificial Intelligence in Banking
In the finance industry, Artificial Intelligence allows teams and companies to detect fraudulent transactions, assess credit risk, and automate customer service. Chatbots, such as Bank of America’s Erica and JPMorgan Chase, have NLG-based capabilities to provide authentic and quick responses to customer queries.
In real life, we can see examples of Artificial Intelligence in AlphaCode (DeepMind) and Quantopian. Here, algorithmic trading systems can execute trades with speed and precision by analyzing vast data and market indicators, harnessing even small market fluctuations.
Conclusion
As we’ve seen different daily examples of Artificial Intelligence, we can conclude that it has endless possibilities! From task automation to cutting-edge fraud detection, AI truly has the potential to shape the future. As a matter of fact, Servion Global Solutions states that by 2025, 95% of customer interaction will be AI-powered. Yet, at all stages, considering its ethical considerations is key to embracing it to create a more connected world!
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