Huge technological advancements in the tech space over the decade created lakhs of jobs in India. As per the recent reports from Accenture, it is estimated that the growth of AI can contribute US $957 billion to India’s economy in the next 15 years. 

AI has the potential to bring massive incremental value to various businesses, for example, manufacturing, Agriculture, energy, healthcare, and education. It does play an imperative role in generating jobs in all these businesses. 

However, Indian IT companies have been following the maneuver that is an essential factor to be successful in technology adoption and advancement. The right skilling by Indian tech start-ups has a massive contribution to creating 2 lakh job opportunities in the tech space in 2022. 

Indian tech start-ups experienced a 108% growth in 2018. However, the studies also disclosed that Artificial intelligence witnessed the fastest adoption compared to other distinct technologies. 

It is anticipated that with the growing youth population in India, most businesses will be switching to this groundbreaking technology AI. Many hi-tech cities like Bangalore, Hyderabad, Delhi, and Mumbai are banking on Artificial intelligence because of its potential to reach a larger audience base. 

A career in AI in 2023 & beyond

India has been lagging in terms of healthcare facilities, and less number of doctors are available. It’s an arduous task for the government to assure quality healthcare to its citizens.

However, AI is forecasted to aid India to a greater extent in facilitating better healthcare shortly.

Reputed tech giants like Microsoft are collaborating with startups to facilitate AI-based tools such as the 3Nethra that can detect eye issues. This is just an example, there have been so many projects under the pipeline for the healthcare sector. Hence, AI has the potential to transform the healthcare sector. 

Artificial Intelligence to transform the Education sector

India is becoming the hub of Science, Math, Technology, and Engineering graduates. Tech giants such as Google, Microsoft, and Intel have been providing short-term education plans like internships, classroom training, and other initiatives to assist learners in AI programming. 

Artificial Intelligence intends to enhance the Financial system

The world of finance and banking has transformed a lot with the significant adoption of Artificial Intelligence. 

The future of finance completely relies on AI. This technology enables individuals to not only manage the flow of money, but they can also ameliorate the cash flow, and profitability, optimize compliance, and more. 

Artificial Infrastructure to bring advancement in Infrastructure and Mobility

The ever-increasing population of hi-tech cities leading to a great challenge for India. AI is the ray of hope that could offer Smart infrastructure and mobility with civic tool systems. Further, the tools could help in assisting customer grievances, and appropriate repair, therefore enhancing the quality of living of migrators.

Artificial Intelligence to counter cyber threats

As technological advancements are increasing day by day, cyber threats have become more usual. 

AI is already competing with ever-emerging malware. The significant advancement in the IT field makes AI inevitable to handle cyber threats. India is already working on Artificial Intelligence based cybersecurity tools at a rapid pace. Hence, this enables massive opportunities for aspirants who want to build their careers in AI. 

Collectively, skilled AI engineers are in high demand, specifically, in India. The groundbreaking technology seems to be imperative when it comes to providing jobs for the future generation of India. 

NearLearn is one of the popular Artificial Intelligence and Machine Learning training institute in Bangalore with 4.8 Google ratings. The institute has the best faculty, so if you’re the one who is looking out to pursue a career in AI, then NearLearn is the top choice. 

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AI in investment management has resulted in the reduction of jobs, passive investments, decreasing confidence, and investment fees. On the other hand, it can all be a boon as it has started enabling people to make better decisions quickly and consistently. Since there is a great influence of artificial intelligence to overcome the challenges of asset management has resulted in great efficiency, risk management, and enhance decision making.

Let’s dive into some crucial areas where artificial intelligence in asset management can be easily leveraged and understand What is artificial intelligence currently used for?:

Data science use cases in asset management

AI in asset management in operational functions includes monitoring, quality maintenance, exception handling of the various amounts of information that is managed by managers alone.

The end customers can rely bank upon the data quality which makes fewer blunders and lessens operational risk.

In certain cases, data can be old, missing, or can contain errors, hence the AI in asset management can be utilized to identify anomalies that are based upon statistical assessments.

Digital advice

AI and ML tools can be easily utilized by investors to take better access to the financial markets and gain digital advice. A financial investment requires the proper asset allocation mix to meet its proper objectives understand “How can artificial intelligence be used in businesses? To meet these objectives, various attributes like a client’s age, risk tolerance, and desired income in retirement and model-based AI digital tools can help you select the proper asset allocation.

Digital advisors can utilize the AI asset management tools and give an approach to people to offer personalized advice at a lower cost.

Operational Efficiency

In the current digital landscape, asset management firms are imposing various cost-sensitive concerning the applications of artificial intelligence in designing new guidelines, fee pressures, and the step towards the lower-cost passive products.

Various organizations are exercising various programs with an emphasis on outsourcing and process automation. AI asset management is putting an impetus for firms to incorporate innovative operational excellence into services.

Early AI asset management always proves advantageous as they have the upside of changing “as a service” abilities into profit centers and making an upper hand. The speed enhancement offered by artificial intelligence asset management services helps to improve and move at a particularly greater speed. The services become both a defensible advantage and a sustained revenue source for firms.

User experiences and interfaces

Gone are the days when an individual investor used to historically contact a stockbroker to gain information about stock transactions. As an additional thing, they need to consult with a tax specialist or accountant to consider tax implications and understand the value of these investments. With the utilization of AI and ML and the implication of machine language in asset management, the customers can easily select the right asset allocation based on a user’s age, income, risks, and desired income retirement.

Digital advisors also incorporate personalized investment at a lower cost to gain personalized investment. They also offer tax-loss harvesting, portfolio allocation, and digital documentation delivery.

The Conclusion

In the coming future, technology continues to play an integral role in various asset management. These innovative tools are more affordable and the more availability of data continues to increase its utilization of machine language in asset management. It can eventually result in mitigating risks, reducing costs, gaining better returns, and delivering products and services for clients.

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What is the definition of Artificial Intelligence(AI)?

While there have been numerous definitions of artificial intelligence (AI) throughout the previous few decades, John McCarthy provides the following description in this 2004 study (PDF, 106 KB),

“It is the science and engineering behind the development of intelligent machines, most notably intelligent computer programmers.

It is comparable to the analogous goal of utilizing computers to comprehend human intellect, but AI is not limited to physiologically observable methods.”

However, decades before this description, Alan Turing’s key work, “Computing Machinery and Intelligence” (PDF, 89.8 KB, was published in 1950.

Turing, frequently referred to be the “father of computer science,” poses the following issue in this paper: “Can machines think?”

From there, he proposes a test, now dubbed the “Turing Test,” in which a human interrogator attempts to discern between a computer-generated and a human-generated written response.

While this test has been subjected to considerable examination since its publication, it remains an integral element of the history of artificial intelligence as well as an ongoing philosophical notion due to its use of linguistic concepts.

Stuart Russell and Peter Norvig then published Artificial Intelligence: A Modern Approach, which quickly became one of the main textbooks on the subject.

They go into four distinct AI goals or definitions, distinguishing computer systems based on their logic and ability to think vs. their ability to act:

Humane method:

1.Human-like computer systems

2.Systems that behave similarly to humans

The optimal strategy is as follows:

1.Systems capable of rational thought

2.Systems that make rational decisions

Alan Turing’s notion would have been classified as “systems that behave like people.”

Artificial intelligence, in its simplest form, is a field that combines computer science with large datasets to facilitate problem-solving.

Additionally, it comprises the subfields of machine learning and deep learning, which are typically associated with artificial intelligence.

These fields are comprised of artificial intelligence algorithms aimed at developing expert systems capable of making predictions or classifications based on input data.

Today, there is still a lot of hype surrounding AI development, which is to be anticipated of any new emergent technology.

According to Gartner’s hype cycle, product innovations such as self-driving cars and personal assistants follow “a typical progression of innovation, from initial enthusiasm to disillusionment and finally to an understanding of the innovation’s relevance and role in a market or domain.”

As Lex Fridman observes here in his 2019 MIT speech, we are approaching the zenith of inflated expectations and the trough of disillusionment.

As discussions about the ethics of AI begin to emerge, we can witness the first signs of the trough of disillusionment.

Artificial intelligence classifications—weak AI vs. strong AI

Weak AI, also known as Narrow AI or Artificial Narrow Intelligence (ANI), is artificial intelligence that has been trained and focused on performing specific tasks.

Weak AI is responsible for the majority of the AI that surrounds us today.

‘Narrow’ may be a more true definition for this sort of AI, as it supports some quite strong applications, such as Apple’s Siri, Amazon’s Alexa, IBM Watson, and self-driving cars.

Artificial General Intelligence (AGI) and Artificial Super Intelligence are the two components of strong AI (ASI).

Artificial general intelligence (AGI), or general AI, is a speculative kind of artificial intelligence in which a machine possesses an intelligence equivalent to that of humans; it possesses a self-aware awareness capable of problem solving, learning, and planning for the future.

Artificial Super Intelligence (ASI) — often known as super intelligence — would outperform the human brain’s intelligence and capability.

While strong AI is yet purely theoretical with no practical applications, this does not mean that AI researchers are not investigating its development.

Meanwhile, the best instances of ASI may come from science fiction, such as HAL, 2001: A Space Odyssey’s superhuman, rogue computer aide. 

Machine learning vs. deep learning

Because deep learning and machine learning are frequently used interchangeably, it’s important to understand the distinctions between the two.

As previously stated, both deep learning and machine learning are subfields of artificial intelligence; in fact, deep learning is a subfield of machine learning.

A visual representation of the relationship between AI, machine learning, and deep learning

Deep learning is composed of neural networks.

The term “deep” in deep learning refers to a neural network with more than three layers—which includes the inputs and outputs.

This is often depicted by the diagram below:

The distinction between deep learning and machine learning lies in the manner in which each algorithm learns.

Deep learning automates a major portion of the feature extraction process, removing the need for manual human involvement and enabling the usage of bigger data sets.

Consider deep learning to be “scalable machine learning,” as Lex Fridman highlighted in the same MIT presentation mentioned above.

Machine learning that is more conventional, or “non-deep,” is more reliant on human involvement to learn.

Human specialists establish a hierarchy of features to comprehend the distinctions between data inputs, which typically requires more organised data to learn.

While “deep” machine learning can benefit from labelled datasets, commonly known as supervised learning, it does not require a labelled dataset.

It is capable of ingesting unstructured data in its raw form (e.g., text, photos) and automatically determining the hierarchy of features that differentiate distinct types of data.

Unlike machine learning, it does not require human assistance to interpret data, allowing for more innovative approaches to scale machine learning. 

Applications of artificial intelligence

Today, AI systems have a plethora of real-world applications.

The following are some of the more frequent examples:

Speech Recognition: is often referred to as automatic voice recognition (ASR), computer speech recognition, or speech-to-text. It is a capability that utilises natural language processing (NLP) to convert human speech to text.

Numerous mobile devices incorporate speech recognition into their systems to enable voice search—for example, Siri—or to increase messaging accessibility.

Customer service: Throughout the customer journey, online chatbots are displacing human agents.

They respond to commonly asked questions (FAQs) regarding issues such as shipping or offer personalised advise, such as cross-selling products or recommending appropriate sizes for users, fundamentally altering how we think about client involvement across websites and social media platforms.

Message bots on e-commerce sites with virtual agents, messaging programmes such as Slack and Facebook Messenger, and duties typically performed by virtual assistants and voice assistants are all examples.

Computer Vision: This artificial intelligence technology enables computers and systems to extract meaningful information from digital photos, videos, and other visual inputs and to take appropriate action based on that information.

This suggestion capability distinguishes it from image recognition tasks.

Computer vision, which is based on convolutional neural networks, has applications in social media photo tagging, radiological imaging in healthcare, and self-driving automobiles in the automotive industry.

Recommendation Engines: By analysing historical data on consumer behaviour, AI algorithms can assist identify data trends that can be leveraged to design more effective cross-selling techniques.

This is utilised by online businesses to give relevant add-on recommendations to customers throughout the checkout process.

Automated stock trading: Designed to optimise stock portfolios, AI-powered high-frequency trading platforms execute hundreds, if not millions, of trades daily without human interaction. 

The History of Artificial Intelligence: Significant Dates and Persons

The concept of a ‘thinking machine’ extends back to ancient Greece.

However, significant events and milestones in the evolution of artificial intelligence since the introduction of electronic computing (and concerning several of the subjects mentioned in this article) include the following:

1950: Computing Machinery and Intelligence is published by Alan Turing in Turing—famous for cracking the Nazis’ ENIGMA code during WWII—proposes in the article to address the topic ‘can machines think?’ and introduces the Turing Test to assess whether a computer can display the same intelligence (or the equivalent intelligence) as a person.

Since then, the Turing test’s utility has been contested.

1956: John McCarthy coined the phrase ‘artificial intelligence’ at Dartmouth College’s inaugural AI conference.

(McCarthy would later design the Lisp programming language.)

Later that year, Allen Newell, J.C. Shaw, and Herbert Simon develop the Logic Theorist, the world’s first functioning artificial intelligence computer programme.

Frank Rosenblatt creates the Mark 1 Perceptron, the world’s first computer built on a neural network that ‘learned’ via trial and error.

Only a year later, Marvin Minsky and Seymour Papert publish Perceptrons, which becomes both a seminal work on neural networks and, for a while, an argument against further neural network research.

1980s: Backpropagation neural networks, which train themselves using a backpropagation algorithm, become widely employed in artificial intelligence applications.

1997: IBM’s Deep Blue defeats Garry Kasparov, the global chess champion at the time, in a chess match (and rematch).

2011: IBM Watson defeats Jeopardy! champions Ken Jennings and Brad Rutter

2015: Baidu’s Minwa supercomputer utilises a type of deep neural network called a convolutional neural network to detect and classify images more accurately than the average person.

2016: DeepMind’s AlphaGo programme defeats Lee Sodol, the world champion Go player, in a five-game match powered by a deep neural network.

The victory is important in light of the game’s enormous number of possible plays (nearly 14.5 trillion after only four moves!).

Google later acquired DeepMind for an estimated $400 million. 

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What technology is powering this mode of conversion?

Amazon’s product recommendation technology is powered primarily by artificial intelligence (AI).

Aside from product recommendations, online retailers are using artificial intelligence in the eCommerce industry to provide chatbot services, analyze customer comments, and provide personalized services to online shoppers.

According to a 2019 Ubisend study, one in every five consumers is willing to buy goods or services from a chatbot, and 40 percent of online shoppers are looking for great offers and shopping deals from chatbots.

While global e-commerce sales are expected to reach $4.8 billion by 2021, Gartner predicts that by 2020, around 80% of all customer interactions will be managed by AI technologies (without the use of a human agent).

So, how is artificial intelligence in e-commerce changing the shopping experience in 2019?

Let’s look at some of the most important applications of artificial intelligence in eCommerce, as well as some real-world industry examples, in this article. 

How is Artificial Intelligence changing the shopping experience?

The use of artificial intelligence in online shopping is transforming the E-commerce industry by predicting shopping patterns based on the products purchased and when they are purchased.

For example, if online shoppers frequently buy a specific brand of rice every week, the online retailer could send these customers a personalized offer for this product, or even use a machine learning-enabled recommendation for a supplementary product that goes well with rice dishes.

AI-enabled digital assistants, such as the Google Duplex tool, are developing capabilities such as creating grocery lists (from the shopper’s natural voice) and even placing online shopping orders for them. 

4 Major AI Applications in E-commerce

While there are numerous benefits to using artificial intelligence in eCommerce, here are four major AI applications for eCommerce that are currently dominating the industry. 

Chatbots and other forms of virtual assistance

Chatbots or digital assistants are increasingly being used by e-commerce retailers to provide 24×7 support to their online customers.

Chatbots, which are built with AI technologies, are becoming more intuitive and enabling a better customer experience.

Chatbots, in addition to providing good customer service, is increasing the impact of AI in eCommerce through capabilities such as natural language processing (or NLP), which can interpret voice-based interactions with consumers.

• Providing deeper insights to consumers in order to meet their needs.
• They have self-learning abilities that allow them to improve over time.
• Customers should be given personalised or targeted offers. 

Product Recommendations That Are Intelligent

Personalized product recommendations for online shoppers are increasing conversion rates by 915 percent and average order values by 3 percent, according to one of the major applications of artificial intelligence in eCommerce.

AI in eCommerce is influencing customer choices through the use of big data, thanks to its knowledge of previous purchases, searched products, and online browsing habits.

Product recommendations provide numerous advantages to eCommerce retailers, including:

• a greater number of repeat customers
• Customer retention and sales have improved.
• Online shoppers can enjoy a more personalised shopping experience.
• Allow a personalised business email campaign to run. 

Ecommerce AI Personalization

Personalization, which is regarded as one of the most effective modes, is at the heart of AI in Ecommerce marketing.

AI and machine learning in Ecommerce are deriving important user insights from generated customer data based on specific data gathered from each online user.

For example, the AI-enabled tool Boomtrain can analyze customer data from multiple touchpoints (including mobile apps, email campaigns, and websites) to determine how they interact online.

These insights allow eCommerce retailers to make appropriate product recommendations while also providing a consistent user experience across all devices. 

Inventory Control

Efficient inventory management is all about keeping the right amount of inventory on hand to meet market demand while not adding to idle stock.

While traditional inventory management was limited to current stock levels, AI-enabled inventory management allows for stock maintenance based on data related to:

Sales trends in previous years

Changes in product demand that are projected or anticipated

Possible supply-related issues that could have an impact on inventory levels

Aside from inventory management, AI is enabling warehouse management with the emergence of automated robots, which is predicted to be the future of artificial intelligence in eCommerce.

Unlike human employees, AI robots can be used to store or retrieve stocks 24 hours a day, seven days a week, as well as immediately dispatch ordered items following online orders.

AI in the B2B Ecommerce sector is driving a slew of innovative solutions in addition to transforming the E-commerce industry in a variety of ways.

Let’s take a look at some of the most recent industry case studies on artificial intelligence and how it’s affecting this industry. 

Smart AI-Enabled Solutions for the Ecommerce Industry

AI-powered technologies are introducing online shoppers to a variety of products they had no idea existed on the market.

Sentient Technologies, for example, is developing virtual digital shoppers that can recommend new products to online shoppers based on their personal purchasing patterns and data insights.

With the success of the Amazon Alexa device, this E-commerce behemoth is introducing Alexa Voice Shopping, which allows you to review the best of Amazon’s daily deals and place online shopping orders with just your voice.

And there’s more.

Amazon Alexa can also give you wardrobe advice, such as the best fashion combinations and a comparison of outfits to see which one would look better on you.

AI is reducing the number of returned goods purchased through online sales in the Fashion eCommerce industry.

Zara, for example, is utilizing AI capabilities to suggest the appropriate apparel size (based on the shopper’s measurement) as well as their style preferences (loose or tight clothing).

This can assist the fashion brand in reducing product returns and increasing repeat purchases.

Aside from these advancements, AI-powered solutions are reshaping the E-commerce industry in the following areas:

• AI-powered email marketing that sends out marketing emails for products (or services) that the recipient is interested in. Aside from reading more humanly than automatedly, these email marketing tools conduct intelligent user analysis based on their response and are more tailored to individual customer needs.
• AI-enabled Supply Chain Automation enables effective supply chain management for e-commerce platforms. Other advantages include the ability to make business decisions about vendors, delivery schedules, and market needs.
• AI-powered data analytics tools for the e-commerce sector that offer a variety of advantages such as business intelligence, customer profiles, and online sale analysis.

Omnichannel AI solutions that provide a consistent and seamless customer experience across online and physical retail locations.

For example, Sephora’s AI-powered omnichannel solutions use a combination of AI and machine learning, natural language processing, and computer vision to bridge the gap between in-store and online customer experiences. 

Conclusion

As discussed in this article, artificial intelligence is playing a key role in driving innovative solutions and customer experiences in eCommerce.

Some of the most prominent applications of artificial intelligence in eCommerce are personalized shopping, product recommendations, and inventory management.

Are you thinking about how to implement a working model of artificial intelligence for your business as an online retailer?

Content is a well-established data analytics provider that provides solutions centered on product analytics and E-commerce KPIs for AI in eCommerce startups. 

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In spite of the fact that Sci-Fi motion pictures like Terminator and Transformers have just taken us through time travel and demonstrated us a brief look at the future, the realities stay questionable. By and by advancements and innovation are cultivating humankind. Man-made intelligence, Machine Learning has far to go before we decide the finish of mankind. In spite of the fact that we are certainly getting ready for a conclusion to mankind with all the environmental change and honey bee eradication, innovation isn’t the one that is driving our direction.

The evolution of Artificial Intelligence

The fast progression in the field of Artificial Intelligence has stirred up the world, where everything is coordinated towards computerization, alongside straightforward, helpful arrangements. The world needs AI for productive, blunder free activities, smooth execution and significantly to improve complex activities. It is certainly the closest companion to humanity that explains major cultural and medical problems. It is supported to be suspicious before a change, however it is uninformed to make a stride towards the future that is standing by. Each insurgency that history has experienced gives us one single exercise, when it begins, it’s inescapable. Change is the main steady and limiting this isn’t a perfect arrangement. All that ought to be done or should be followed is, AI ought to be created a protected and helpful way.

Read-Top 5 Industries that are using AI the Most

Stepping towards the needful

An emotional achievement with the assistance of AI in different fields is advantageous for the general public, instead of being an existential danger. What is normal further is clarified by educator Nicholas Christakis, from the University of Yale in his ongoing article in the Atlantic naming, ‘How AI will Rewire Us’. While humankind fears mass eradication, according to educator Christakis, “for better and for more regrettable, robots will modify people’s ability for selflessness, love, and kinship.” However, Christakis proclamation repudiates to what in particular Ray Kurzweil, a standout amongst other referred to AI scholars as to state. As per him, AI is assisting with developing human correspondence and it will simply develop with time. He says that “Half breed Thinking,” is the following enormous thing in AI correspondence. Overcoming any issues between points of view. Be that as it may, what is Hybrid Thinking? It is a blend of human and digital knowledge. Advancing inventiveness and science together.

Superintelligence

Artificial intelligence will before long change into Super knowledge. Will that change into something terrifying or damaging later on? We don’t have a clue. That is not the target now of time. Today, at this very moment, the objective is to move in the direction of positive turn of events. Like Human-Machine connection and joint effort. Your Siri, Google Now, Cortana and Alexa are instances of incomparable AI innovation. Be that as it may, engineers and specialists are attempting to improve these frameworks so it identifies human responses. Complex calculations are embedded to help these genius frameworks and these are prepared to learn through different kinds of learning. Regulated, solo and fortified learning could make such frameworks distinguish incitement in their crowd.

Along these lines, on the off chance that it is said that AI or Super insight can be a danger to humankind, that isn’t correct. Skewed Intelligence is a genuine danger that could annihilate each living being. Each creation has a goal or an objective. In any case, is it to serve all? Likely not. A rocket has a goal to obliterate a province or network, however to its guard, it is prepared to distinguish warm and destroy. In this way, you should keep your objectives adjusted.

A Machine is never conscious

Check out you and ask yourself an inquiry, what is the fundamental contrast that a machine and a human have? Cognizant is one thing that machines or robots pass up a major opportunity. The human brain can likewise be known as a machine, yet it is cognizant. It is identified with enthusiastic direct. Machine cognizance, when all is said in done, is unique in relation to human awareness, it isn’t initiated by feelings of affection and detest. A machine cognizant can be constrained to explicit directions. A self-driving vehicle knows about its condition and moves along the rules. In the event that it struck an individual, the individual won’t have an idea about emotional cognizant. Accordingly it’s insignificant to state AI is a hazard.

What is relied upon of AI is to bring profitability out of its super-human insight and that’s it. Along these lines, we ought not be worried about AI assuming control over our openings for work yet program AI’s to realize momentous bits of knowledge and help in your activity and make it simple. It ought to be created to upgrade and not eradicate human activities. Not simply AI, innovation ought to consistently have a standard that passes both, wellbeing and security, to maintain a strategic distance from mishaps and abuse, at the same time.

The more important questions

Thus, as opposed to posing inquiries like if AI is a danger to humankind, there are increasingly significant inquiries that must be posed. What sort of future would you say you are turning upward to? A future with no advancement and computerization? Will AI satisfy all the rules of human coordinated effort? Will it hamper human correspondence and summon feeling certainly? Keep on adding to the improvement of society or simply help in expectation?

Information Science, Machine Learning and AI have become a basic piece of our reality, however it could never be the reason for our termination. It is senseless to blame a robot or a machine that is human prepared at the grass-root level. In this way, our battle isn’t human versus robots. Our genuine battle is insight versus knowledge. Skewed human insight needs no metal bound structure to bring demolition. Machines will never control people, as insight empowers control and the ball is in our court till we soak up calamitous objectives into the framework. As people, we know better, obviously, with cognizant.

NearLearn Data science accreditation is best data science training in Bangalore for experts. This passage was labeled AI training in Bangalore, man-made consciousness instructional classes, data science courses in Bangalore.

Also, read-Best Online Courses in India during Lockdown

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The advantages of AI in higher education are amazing. For example, AI makes access to education easier because students can use their smartphones and tablets instead of taking lessons. In addition, AI offers countless possibilities for automation and personalization. With automation, educational institutions can save a lot of time and spend more time teaching students, rather than performing repetitive tasks.

According to research, the use of AI in the university world should increase by 47.5% by 2021. AI will affect all areas of education, from elementary school to high school and college. With AI, educators can offer personal approaches that take into account the learning style of each individual student. AI offers adaptive learning and many other advantages. Here are some of the main advantages of AI in education.

1. Automation

First, AI is able to automate many administrative tasks that are very time consuming when done manually. Educators have to spend too much time evaluating homework, marking exams, and doing other tasks that can often be done by machine. According to Adam Simon from LegitWritingServices, computers have no problem evaluating multiple-choice tests even if they lack creative skills for evaluating student essays.

Thanks to great advances in automation, teachers can spend more time with their students. Developers are also constantly developing new AI-centered solutions that can be used to write down students’ written responses. Another area that can benefit from AI is the registered office. AI can automate many processes that involve a lot of bureaucracy and thus improve overall efficiency.

2. Teachers and AI Collaboration

AI is already used in various teaching aids to develop skills as well as in many test systems. As AI solutions evolve, teachers expect AI to help teach, so teachers and schools can do much more. AI can not only rationalize various administrative tasks and increase efficiency, but also create many opportunities for personalization.

Developments in AI mean that teachers can provide a better learning experience and focus on tasks where machines can’t help. The collaboration between AI and teachers allows teachers to focus on tasks that require adaptability and deep understanding. It is also important to remember that AI is an integral part of our daily life. Therefore, it becomes necessary to familiarize students with this technology and to teach them how to use it.

3. Personalization

Whenever you see Netflix, you’re dealing with an advanced algorithm that offers personalized recommendations. The same approach is used in many other areas and its educational potential is difficult to overestimate. Traditional pedagogical approaches are uniform and aim to offer all students the same learning experience. In practice, however, traditional methods only target around 80% of students. The top 10% fail to reach their full potential, while the bottom 10% of students struggle to meet academic needs.

With AI, teachers can offer a personalized learning experience. For example, AI can customize classroom exams and assignments to help students get the best possible academic support. The success of the tutoring largely depends on effective feedback. AI-based tutoring systems allow students to get quick feedback, while teachers can use AI-driven software to provide personalized answers.

4.  Smart Content

Another hot topic related to the use of AI is intelligent content. Robots are already able to create different types of digital content. However, one of the main advantages of AI for content creation is that personalized digital learning interfaces can be created.

AI solutions like Cram101 can also summarize educational content in brief instructions. These programs allow students to read summaries of textbook chapters, run quick tests, and receive flashcards to store important information on a particular topic. There are also AI-based platforms like Netex that allow teachers to create digital programs and digital content that are supported by all types of devices, including smartphones and online assistants. Thanks to AI, conferences, and virtual conferences are becoming a reality.

5. Accessibility

One of the biggest challenges in the education sector is accessibility. AI enables educators to make learning more accessible to everyone, including students who speak other languages ​​and students who are hearing impaired or visually impaired. For example, Microsoft created an AI-based plug-in presentation translator. It is a PowerPoint plugin that creates subtitles for presentations in real-time. Everything a teacher says can be immediately translated into other languages ​​so that he can work with a wider audience. These solutions are also useful for students who are unable to attend classes due to illness. AI can also help students who need to learn at a different level. In addition, many students want to study subjects that are not available in their school. With this software, you can listen to lectures from practically anywhere in the world

Read More: How to Grow your Small Business with Artificial Intelligence

Massive Changes in Academia

The academic world is constantly evolving, and new technologies offer teachers and students countless new opportunities. AI has already demonstrated its disruptive potential in many industries, and education is just another example of what AI can do. First, AI-based solutions can help teachers save a lot of time because they can easily handle huge amounts of information. Teachers have the ability to automate many repetitive tasks so teachers can spend more time with their students.

However, automation is not the only area of ​​application for AI. This technology can also be used to provide a personalized learning experience. Artificial intelligence can facilitate access to education and enable educational institutions to create a richer learning experience through the use of different types of digital content tailored to the needs of a particular student. Of course, AI can also help reduce administrative costs. Although education is introducing AI more slowly than other sectors, AI is beginning to change the academic world and this process will not stop.

Conclusion

I hope you have understood how AI is helping in the education industry. NearLearn is the best Artificial intelligence institute in Bangalore. It provides various courses like machine learning, data science, blockchain, and full-stack development, etc.

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If customers are already waiting for an AI-compatible experience, it’s up to you to meet expectations. Artificial intelligence already exists and is designed to help you and your team do better and more effectively what you are already doing. In other words, it’s not about replacing people or switching to the next business mode, but about making the people you have more effective and efficient by making better decisions and doing what they do best.

With that in mind, let’s look at four different ways artificial intelligence can now help your small business succeed.

1. Turn data into measures to stay ahead of the competition

CRM platforms (Customer Relationship Management) are indispensable for companies of all sizes for a good reason. They help you keep track of every interaction with your customers so you don’t have to start over every time someone calls to ask for help or to follow a conversation. Had chat with a seller, customer service or live chat.

Salesforce, the industry’s largest CRM, is busy integrating AI into everything it does. With the release of Einstein, your goal is to provide actionable forecasts and recommendations that can help take your business to the next level. With this information, you can coach sales reps, help service reps, guide marketers in the right direction, and find new ways to review existing data. If you already (and you should) collect data about every customer interaction, AI can help you turn that data into actionable steps that pay off by getting a head start on your competition

2. Support your sales teams with advanced tools

For most small businesses, the sales team is how you generate revenue. When you consider that sales are critical to the success of your SME, don’t you want to use the right tools to be successful?

AI tools such as gong, jog, and chorus are specially designed for you to record and transcribe every call from your salespeople. You can then compare your sales reps’ strategies to those of your team’s most successful members and offer an analysis based on the choice of words or the relationship between the time spent speaking and the time spent listening.

In other words, you can use AI tools to share successful techniques across the team without the need for a full review. Instead, you can start with what works and discover the secret sauce that will change your business.

3. Customer support 24/7 using chatbots

Chatbots are one of the most basic ways that AI can directly help your small business. Whether on Facebook Messenger or WhatsApp, you can now start a chatbot with minimal programming knowledge. Instead of focusing on technology, all you have to do is think about the kind of things a user is likely to ask and then develop a full script that can help. (As AI continues to improve to understand what your customer wants, it’s always better to think of it as a user interface that allows someone to interact directly with your business.)

Chatbots for customers can save you a lot of time on frequently asked questions. If you think about it, a large percentage of your calls are likely related to the same thing every day: What time did you open? Do you deliver to my address? Do you have this item in stock? Answering these types of questions is relatively easy, but it takes a lot of time that could be better used to grow your business.

The best way to get the most out of a customer-oriented chatbot is to check whether you can summarize your customer service calls on the five most frequently asked questions. What do you do regularly so that you can switch to a chatbot? The good news is that this not only makes your job easier, it also eliminates friction for your customers and makes it easier than ever for them to make a purchase decision.

4. Free up your HR and management using chatbots to answer frequently asked questions

Chatbots for customers have been around for a while, but what about the routine questions that arise for your employees in the daily management of your company? Questions about vacation, company policies, health care, standard work instructions, etc. are always asked, but it is not necessarily what your HR staff should spend the most time on. Fortunately, new HR chatbot solutions are constantly being developed to help you meet routine requirements and ensure that your employees focus on the essentials. If you spend a lot of time looking after your team, it may be time to get more help from an AI solution.

Read More: How to build career in blockchain technology

What Can be done Right Now

Artificial intelligence is popular for a reason. From film recommendations to voice control, we have integrated AI into our lives, and your customers are no different. If you haven’t already, expect your company to use this technology soon.

Fortunately, there are a number of solutions that can help you run your small business faster and smarter than ever.

• Use AI for CRM to get new information from the data already collected.
• Framework sales with information on artificial intelligence.
• Use chatbots to answer frequently asked questions about customer service.
• Answer the most frequently asked HR questions via chatbot.

Conclusion

I hope you have understood how artificial intelligence helps small business. Artificial intelligence helps in a very different area in your business. So you must use AI for your small business that can increase your business revenue 2x time.

NearLearn is the best institute that provides the best artificial intelligence classroom training in Bangalore. It provides another course also like machine learning, data science, blockchain, full-stack development, etc.

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State of AI 

AI is a buzzword today, but it hasn’t always been that way. Just a few years ago, it wouldn’t be very exciting to say that your company works with AI. Demis Hassabis, CEO of Deep Mind, said: “Seven years ago when you said the word AI to a venture capitalist, they rolled your eyes at you. Today they will throw $10 million at you.” Business is embracing AI with open arms, but the problem is that few people really know what real AI is, and companies and VCs have a hard time judging whether a company really works with technology or just takes advantage of the hype.

A survey by London-based venture capital firm MMC found that 40% of European startups that are AI companies do not use the field of study material. So how can you tell if the solutions sold to you are really AI-based? First, you need to understand what AI can actually do for you. You can find out more in our previous article. Second, you need to know a little more about the historical context of the area. Although AI has been around for over 60 years, significant progress has only been made in recent years in creating objects that resemble artificial intelligence.

History

The first intelligent machine was developed by Alan Turing in World War II. This machine, called Bomb, would decrypt the “Enigma” code that the German armed forces use to send encrypted messages. In 1956, the term “artificial intelligence” was adopted for the first time at the conference in Dartmouth. Since then, AI has become less popular due to the lack of computing power and has gone through several “AI winters”. It was not until the late 1990s that AI received considerable attention again. In 1997, IBM’s Deep Blue defeated reigning world chess champion, Garry Kasparov. From there, AI accelerated slowly thanks to exponential data growth, computing power, and hardware improvements.

Read More: Top 10 Best AI Apps 2020

How companies build AI

AI can be a series of if-then statements or a complex statistical model created using deep neural networks. If-Then statements are essentially just human-programmed rules, sometimes they are called rule engines, expert systems, but together they are called good old AI (GOFAI). These systems can be useful for performing repetitive tasks, but they have little to do with real intelligence. You can automate processes, but you don’t learn or improve without human intervention. You all know examples of this technology: most chatbots and accounting systems are based on it. Lack of robustness given the nature of the observed variation in naturally generated data, such as text, is also a problem for GOFA. And this type of AI creation is also very limited in the amount of data it can process. On the other hand, machine learning and neural networks require little or no human intervention. These programs change, are dynamic, and adapt to the data to which they are exposed. Thanks to this, they help people with their work and simplify their daily tasks. However, they may need a lot of data to function well.

The MMC report found that 26% of the study startups company said they used AI to power chatbots. However, it is difficult to assess the benefits that technology will bring to their customers. Chatbots are often difficult to navigate and more annoying than useful – they are only used to reduce the cost of human resources. The reason for this is that, although they are called “AIs”, they are rule-based systems that cannot really understand (see figure above). However, recent AI developments have enabled more complex generations of dialog-based tools that use automatic natural language processing (NLP) and deep learning to understand the meaning and respond in the text.

By transferring the text in vector representations while maintaining a numerical value, it is possible to process the text in a completely new way. The combination of NLP and transfer learning (application of pre-trained models on data) opens up new possibilities in terms of text creation, understanding and translation.

Where’s AI Today?

Natural Language Processing (NLP)

In 2018 we saw remarkable breakthroughs in speech and text. OpenAI GPT-2 generates stories based on short descriptions. The model is built to predict the next word. In contrast to similar models, the context of the entire text is retained by modeling the text so that it is displayed from all entries. Previous Research on Facebook has expanded the toolbox LASER (Language Agnostic Sentence Representation) to work with 93 languages ​​in 28 different alphabets. This model gives good results when classifying multilingual documents and revolutionizes translations. In the future, we expect that the integrations of the language models in question will be largely used in advanced models. ELMO, BERT, and XLNET are further examples of important text display tools.

Computer Vision

One of the most popular areas of the deep learning space – Computer Vision – has also made great strides. Whether for images or video, new frames and libraries make image processing easier. BigGAN is now able to synthesize high-fidelity images and create almost unrecognizable images from real photos. We have seen all deepfake videos of world leaders or artworks that have been brought to life. In the future, we can assume that this technology will be used in a variety of areas such as holograms, teaching, and filmmaking.

Conclusion

I hope you have understood that who is a real AI company. NearLearn is the best Artificial Intelligence institute in Bangalore also provides training on data science, Machine Learning, Deep Learning, full-stack development, Reactjs and React Native and other technologies.

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Artificial Intelligence: An Introduction

Artificial intelligence is a technology where a computer or machine capable of performing task that generally required by human intelligence. The main objective of this technology is to enable a machine to accomplish human-like activities.

This technology is completely based on rule-based technology and it uses technologies like machine learning and natural language processing.

Artificial intelligence first emerged in 1956. Basically it can be categorized into two parts. One is called narrow AI and the other is called artificial general intelligence.

We have seen many examples of narrow AI in many apps like Image recognition, Voice recognition, Google search, Siri, Alexa and many more.

Narrow AI uses two technologies like machine learning and deep learning. However, artificial general intelligence research is still in progress. In the future, this technology can able to do work like a human.

Now you have cleared about the potential of this technology now let’s review the top 10 best AI apps of 2020.

Read More: What is Artificial Intelligence Course Fee in Bangalore

Top 10 Best AI Apps of 2020

1. Google Assistant

Google Assistant was launched in 2016 and it was considered a more powerful virtual assistant. AI-enabled, voice-powered by Google was considered a top AI app.  Google assistance is available on many devices like fridges, smartphones, and cars, etc. it supports both text and voice entry. It offers many services like voice search, sending remainders, finding any kind of information online and much more you can do with it.

It has been expanded by Google to almost 10,000 devices and 1000 brands. And it is still increasing.

Since it is coming on mobile devices so you can use it and you need to install it in Windows, Mac, and Linux pc.

2. Siri

Siri doesn’t need introductions. As we all know that Siri is a famous virtual assistant released by Apple Company.  This is one of the top Ai apps by Apple. This virtual assistant is available in the major apple platform like iPods, IOS, MacOs, and audios.

Siri uses voice prompts and a natural language user interface to make calls, send text messages, answer questions, and make recommendations. It delegates requests to multiple Internet services. In addition, Siri can adapt to the language, search and user settings.

Siri’s popularity is clear from a September 2018 poll in which respondents were American adults. The survey found that 44% of smartphone users who use a voice assistant use Siri, which puts Siri ahead of its competitors

3. Cortana

Cortana, the virtual assistant from Microsoft, is another application for artificial intelligence that hardly needs any introduction. This AI-based virtual assistant is available for Windows 10, Windows Mobile, Microsoft Band, Android, iOS, Windows Mixed Reality, Amazon Alexa and Xbox One.

Cortana is also available for popular headsets like HyperX CloudX, Razer Kraken 7.1 V2, Logitech G933, and Sennheiser GSP350. It is built into Windows 10 PCs, and users of these PCs can be helped with simple tasks from day one.

It provides hands-free help, answers questions provides reminders, takes notes, does tasks, and helps manage the calendar. Cortana uses natural language processing, the Bing search engine, and device data to provide personalized recommendations, and has an API that can work with a variety of Windows and third-party applications.

A 2018 report said Cortana was available on 400 million devices, which is reflected in a large user base. However, the AI-based virtual assistant landscape is very competitive, and reports show that Cortana faces tough competition.

4. Alexa

Ai-powered virtual assistant Alexa was launched by the amazon. Alexa is also known as Amazon Alexa.  Alexa was first used in the amazon echo dot smart speakers. Now Alexa is using various platforms like IOS and Android.

Alexa uses voice search queries. It also offers various services like music playback and voice interaction. It can also provide information like weather forecasts, sports, news, and traffic, etc.

According to one survey, Alexa is available in 60000 devices and 100million devices that run Alexa have been sold until April 2019.

5. Socratic

Socratic is an artificial intelligence-based app that helps students in math and other homework. Google recently announced that it has purchased this app. Students can take photos with the camera on their phone. Socratic then uses the AI ​​functions to provide visual explanations of the concepts that students need to learn.

Socratic uses text and speech recognition and can support learning from science, math, literature, social studies, etc. This application is available for Android and iOS and is compatible with the iPad.

According to Google Play statistics, more than 5 million downloads were made at the time of writing. The Socratic iOS app is also very popular, as the high rating in the Apple App Store shows.

6. Hound

Hound is an Ai based voice assistant app. It offers various services like weather forecasting information, finds a place nearby, checks train and flight details, checks uber details, etc. People can search for any kind of information by using their voice and hound will find the result using the deep learning methods. It will give you an accurate result as possible. Hound is having a number of big customers for e.g. Mercedes Benz, Honda, Hyundai, and Motorola, etc.

7. Youper

Youper is a health assistant app that can track your health and mood. It can able to guide you about meditations and you can have a quick conversation with this app. It is available on both iOS and Android platforms. This app is having very good views on the app store.

8. DataBot

DataBot has the ability to give you an answer to your question in its voice. This is an Ai-based virtual assistant app that works on Android, iOS and Windows 10, etc.

DataBot has built-in services that provide images, information and multimedia presentations depending on the topic. It provides you information with the uses of Google searches, Wikipedia searches, RSS channels, etc.

You can customize DataBot according to your language and voice preference etc. DataBot can speak and understand English, Italian, Spanish, French, German and Portuguese. With DataBot you can share information via SMS, social media, and email, etc.

9. Google Allo

Google Allo is the best and well-known AI app by Google. It is a best-messaging app that gives the feature of voice. Users can use this application as a voice to text application on the mobile. It has other feature as well like this app having collection of emojis and stunning smart answer feature as well.

10.  Jarvis Artificial Intelligence

Jarvis Artificial Intelligence app offers you another incredible application of artificial intelligence. With this AI application, your mobile phone becomes hands-free. It is the best digital friend who will help you everywhere with its interesting and unique features. It has unique voice recognition and hot word identification features and offers a cool experience when you use it outdoors and when traveling. You have an alternative to preparing your new personal assistant with your own instructions and reactions. The personalized answer is more fun and the online database contains orders that are updated from day to day. This app has many functions. With this app, you can make calls, set alerts and open all apps. The application also lets you play music, open WiFi and Bluetooth, spread the light, and check the time, date, and battery level. It will help you read the news and quickly notify you.

Conclusion

I have covered all the top 10 best AI apps of 2020. If you think that some important AI app has missed then you can give the answer in the below comment section.

NearLearn is the best Artificial Intelligence institute in Bangalore also provides training on data science, Machine Learning, Deep Learning, full-stack development, Reactjs and React Native and other technologies.

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As social media has become the primary platform for the marketers for marketing so managing multiple social media accounts can be tricky work for the marketers. From regularly posting content on social media to reaching out to the customer to your brand and to respond them and taking care of your company’s social media account can be quickly become a full-time job for a digital marketer.

To handle this entire thing manually can be a difficult task for a marketer so this is where artificial intelligence (AI) comes in the role. Here AI plays an important role for the digital marketers to manage multiple social media accounts. And another lot of things can be done by artificial intelligence.

With Artificial intelligence technology, it’s become very easy to promote social engagement with your customers ever than before. Here I am going to share some ways by which your organization can leverage the artificial intelligence technology to promote your social media engagements more efficiently and effectively.

Read More:  What Is Artificial Intelligence Course Fee In Bangalore?

Collecting Customer Information

Some of you might have heard about the term “Big data”. Big data is a very growing industry nowadays. It has 2.7 zettabyte data and it is still increasing at the rapid speed. Big data is a large amount of data that is collected from various sources such as business processes, CRM, ERP and online. In fact, big data is a gold mine for marketers who want to improve their social engagement.

Big data can provide details about customers’ buying habits, buying potential, likes, and dislikes. You are probably asking a question about the benefits of social media marketing. Yes, it helps fabulously. With access to this information, social media marketers can create and share content that arouses customer interest.

Because big data is so big, marketers cannot simply extract certain information from it. AI makes it easy here. AI can quickly and accurately extract entire large data sources and extract the required customer information. Marketers can use this information to engage customers at the right time and more accurately.

Content Curation

Posting relevant and curious content can boost your social media engagement with your brand. All content can’t make you all happy so there is a need for curated content that can trigger a particular customer’s interest. We all know that content is king and content marketing is one of the best ways to boost your social media presence and branding of your product. Still, b2b marketers trust in content marketing and want to allocate 28% of the budget on their content marketing.

Infect, content can make your product viral in a few time. For example, a food company called ‘Tasty’ had very fewer followers on social media and also very less interaction with the user. But suddenly it started to see flooding interaction and user engagement increased after viral their one gif post on Facebook.

There is a number of artificial intelligence tools available that can identify the effective content that can match the customer’s interest in terms of social media presence and engagement.

Automation of Social Media Management

Now that social media platforms are becoming more popular – for example, Instagram has 700 million active users per month – it is becoming increasingly difficult to get people’s attention and promote social engagement over-saturated news feeds.

Many marketers overcome this problem by using significant resources to buy audiences, such as increasing Facebook posts, which can make social media management quite expensive.

For this reason, social media managers are starting to use AI automation tools like IFTTT and Hubspot to help with their accounts. With these tools, companies can automate the publication of certain content or even interact with other users. Some tools can even search for solid content and automatically forward it to your subscribers, which easily promotes social engagement without significant resource consumption.

At this point, the popularity of social media seems to remain, which makes it all the more important to promote social engagement in order to increase the number of potential customers. With the help of artificial intelligence technology, you are well on your way to growth by interfering in the social commitment of your company.

Recognition

Social media is flowing with the content especially with infographics. Artificial intelligence technology helps to analyze the customer’s behavior and reaction.  Image recognition software enables marketers to see what content should create content, create products, and offer engaging services.

Face recognition software helps marketers offer products that match the preferences of a single customer, but is also used (by some) to identify people’s moods and offer products accordingly.

User-generated content is full of pictures and faces, just like it is full of brands. Computer Vision is used to view unlabelled images and videos and to identify brands and products. Marketers can then extract user information, calculate media from video analysis, and create content moderation solutions. Image, face and brand name recognition software provides detailed information for identification and marketing to the public.

Conclusion

I hope you have understood the power of artificial intelligence technology in social media marketing and how marketers can leverage Artificial Intelligence to Growth Hack Social Media Engagement?. Social media automation gives the most attractive and efficient content for your potential customers. Nowadays most of the mobile app development companies or other IT companies are using social media automation to leverage the relevant customer potential reach.

NearLearn provides the best artificial intelligence training in Bangalore and also provides other trending courses like data science with python classroom training in Bangalore, machine learning, blockchain, deep learning, Reactjs and React Native, Golang and Full-stack development course, etc.

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