The Era of AL ML

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We are driven to solve digital challenges.
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List of Topics

• The Future
• Major Industries that are impacted by AI ML
• The Era of AI/ML Benefits
• The Era of AI/ML Drawbacks
• conclusion

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Introduction
Astonishingly, technology has evolved globally
due to the utilization of artificial intelligence
as well as machine learning in every aspect of
daily life. Artificial intelligence is a computer
program with the ability to think, learn and
produce on its own whereas Machine learning
enables software programmes to improve their
propensity to predict outcomes without specific
programming. It is frequently used for corporate
process automation, fraud detection, spam
filtering, malware threat identification, and
predictive maintenance.
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The Future
Since the pandemic struck, the adoption of
artificial intelligence has increased as the
entire world has shifted towards digitization.
According to a study from Yale and Oxford
universities, all human occupations will be
automated within the next 120 years as AI
surpasses humans in many areas. Artificial
Intelligence will be translating books
exceptionally better than humans by 2024 and will
write New York Times best-sellers by 2049, and
conduct operations by 2053. Machine learning will
be able to mimic human capacity to gather
knowledge and utilize it to generate insight.
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Major Industries that are impacted by AI ML

• Retail AL and ML have enabled businesses to
  assess consumer demand and market needs before
  the launch of a product, allowing them to
  minimize risks and losses that could arise from
  the product release.
• Finance AI and ML provide precise solutions for
  shared datasets to improve the effectiveness and
  safety of the financial system. Additionally, it
  guides investors to buy companies, hold and sells
  them by identifying patterns with past data, and
  also predicting how those patterns will repeat in
  the future. It also helps a person in managing
  finances quickly.
• Healthcare AI/ML has immense potential in
  medical industries as it works best for
  diagnosing and detecting diseases which are
  sometimes overlooked by even doctors. The patient
  can receive treatment swiftly and save a lot of
  money and time thanks to this method.
• Media and Entertainment With the aid of
  predictive analytics, AI/ML examines user
  information, social media behaviour, and usage
  patterns to improve segmentation and targeting.
• Transportation Transport businesses use AI/ML
  approaches to identify real-time traffic and help
  with route optimization, enabling quicker traffic
  navigation. Customers and businesses benefit from
  this, as it is profitable.

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• AI/ML reduces human errors significantly and
  increases accuracy. Every decision made by AI is
  based on data that has already been obtained and
  a certain set of algorithms. These mistakes can
  be avoided by using good coding.
• The biggest advantage of AI/ML is that humans can
  overcome many risks since machines with metal
  bodies are tough by nature and can survive
  hostile environments, making them ideal for
  defusing bombs, going into space, and diving to
  the bottom of the oceans.
• Humans need breaks and off for work-life balance
  whereas AI/ML can be available 247.
• AI/ML can assist humans in innovations as well as
  resolving challenging problems. For instance,
  recent developments in AI-based technology have
  made it possible for medical professionals to
  identify breast cancer in a woman at an earlier
  stage.

The Era of AI/ML Benefits
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The Era of AI/ML Drawbacks

• It is an impressive achievement when a machine
  can mimic human intelligence but it can be
  extremely expensive and takes a lot of time and
  resources. AI is highly expensive because it
  requires the newest hardware and software to
  function to stay updated and meet criteria.
• AI/ML can not think or create out-of-the-box
  content and can learn over time using pre-fed
  data and prior experiences, but it is not capable
  of taking novel approaches. A prime example is
  the Forbes earnings report-writing bot Quill.
• Robots are one application of artificial
  intelligence that is replacing jobs and raising
  unemployment. (in a few cases) Due to chatbots
  and robots replacing humans, some argue that
  there is always a danger of unemployment.

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conclusion
The era of AI ML has uncovered massive
transformation over the world in almost all
industries by powering the accessibility to
manage a wide range of data and managing
end-to-end solutions for businesses. Since
technology has transformed the development of
overall businesses in recent times, we can expect
to see the continuation which will ultimately
broaden the area of AI ML which we never thought
of. Overall, AL ML is thrilling development that
offers immense potential for enhancing our lives
by taking technology to the next level. It is
always important how we utilize it to get the
most out of it. Source 9series
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