Artificial Intelligence or Machine Learning has the power to transform the world. Numerous advanced systems are being created using machine learning to fulfil human needs and solve complex problems.AI has the power to predict future outcomes, understand the behaviour of people, identify complex patterns and detect anomalies. Let’s discuss them here one by one:
Through this capability AI systems use data from different resources to predict future outcomes. Usually, they utilize historical data and recurring patterns in order to make predictions. This prediction system helps us to know the highest probability that a particular event will either happen or not. It helps us to make decisions sometimes called data-driven decisions. Stock exchange prices are also predicted by these systems. They can also predict the customer retention of a business. For instance, a potential customer will either buy from you or from your competitor.
Based on the actions and choices of an individual person, machine learning systems make the profile and understand that individual. This profile contains the preferences, likes and dislikes of a person. Each time a person performs an action his profile gets updated by the system. This profiling system is used everywhere in the online world. For instance, YouTube or Google serves you ads based on your interests or the things you have searched or seen on the internet. Likewise, Netflix suggests movies based on your interest in the particular genre. This personalization system is also used by banks while deciding for granting loans. They gather all the relevant information about an applicant and decide if he is likely to repay the loan or not.
Machine Learning Systems can identify different things for us in the real world through video, audio or images and this aspect of technology is often called Computer Vision. This technology can be applied in a number of ways:
- Self-driving cars
- Video surveillance
- Crowd counting
Autonomous vehicle systems have the ability to track, locate, and identify objects in order to move efficiently and safely and this is all possible due to machine learning. Also, video surveillance systems are used in factories and retail stores which provide insights into worker performance and safety, security, retail foot traffic, and more. Likewise, crowd counting helps businesses to track traffic effectively.
Anomalies are found using pattern detection and recognization by machine learning systems. When something is not normal in a pattern it is detected as an anomaly. Anomalies are things that shouldn’t be happening and we need to fix them. For instance, in agriculture farmers can detect threats to their crop yields by locating and identifying potential instances of plant diseases by utilizing a custom object detection model. Likewise, such models can also be used in healthcare to treat skin diseases.
