Technology and Artificial Intelligence applications can be used in a variety of sectors and industries to maximise output from the operational front.Bridging the gap between humans and machines, the rise of AI technology, and now AI applications have broadened its horizons in every field.
Artificial Intelligence implementation is not limited to voice command apps; it has surpassed the boundaries of imagination. These AI applications aid a bank's fraud department in detecting unusual behaviour from customers or third parties. Artificial intelligence applications are also being used to help streamline the trading industry.
Professional elective subjects, industrial training, and end-of-semester projects are also part of the Artificial Intelligence curriculum. In India, there are over 180 Artificial Intelligence colleges that offer Artificial Intelligence courses. In India, the cost of pursuing an Artificial Intelligence course can range between INR 10,000 and 4,00,000 per year.
Table of Content
2.1 Healthcare
2.2 Agriculture
2.3 Robotics
2.4 Web Applications
2.5 Finance
- AI Applications in Daily Life
- AI Applications by Coursera
- Future Scope of AI Applications
- AI Applications Jobs
6.1 Top Recruiters
What are the Applications of Artificial Intelligence?
Artificial intelligence is bringing many changes in human life and is applicable in various fields. Artificial Intelligence strives to create machines and technologies that can imitate human behaviour and the mind's ability to learn and solve problems. It has brought about a revolution in the world of technologies and its impacts and its applications for solving complex problems.
- Artificial Intelligence is an umbrella term for tools and machines used across various industries for better decision making, increasing efficiency as well as eliminating repetitive work
- It has applications in various sectors such as Healthcare, Automobile, Banking and Finance, Surveillance, Social Media, Entertainment, Education, etc.
- It also has its applications in Space Exploration, Gaming, Robotics, Agriculture, and Ecommerce.
- Apart from this, there are numerous industries who are on the verge of Transformation by Artificial Intelligence.
- According to the recent report from Statista, the global AI software market is expected to grow by 54% in a year, reaching a size of INR 1,723 billion.
- Moreover, it is predicted that by 2025, 95% of customer interactions will be provided by aI according to Servion Global Solutions.
- As per the reports of IBEF, India leads the world in AI adoption; it is deployed for various business purposes including customer support, finance, tax, HR, IT, cyber protection, production, operations, R&D, risk, legal and enforcement, sales, marketing, supply chain as well as logistics. It is believed to increase further.
- You can pursue various online AI Application courses by Harvard, Coursera, Great Learning, Udemy, etc. Applications of Artificial Intelligence (AI) in Technology Innovation, Applications of AI Technology, AI Course for School Students: Designed for Class 8-12, etc are some of the courses for AI Application.
- Some of the popular job profiles for AI applications include Machine Learning Engineer, AI Engineer, Business Intelligence Developer, Data Scientist, etc. They can earn an average of INR 4,00,000 - 10,00,000 in a year.
AI based Applications
The applications of AI are vast and can be used across various industries. The popular applications of AI are in the field of Healthcare, Agriculture, Robotics, Web Applications, Finance, Oil and Gas Industry, Chatbots, etc. the sections below will discuss various applications of artificial intelligence in various sectors.
Applications of AI in Healthcare
The health care sector is bringing about the changes in the treatment, development of medicines, and more with the applications of AI. AI used machine learning algorithms, and other related technologies for medical diagnosis purposes. Here are some applications of AI in Healthcare.
| Analysis & acting on medical datas for predicting a particular outcome | In medical diagnosis purposes |
| Help doctors & medical providers deliver a more appropriate diagnosis and treatment plans | Uses Big Data and analyses them for improving preventive care recommendations |
| Track, record & forecast the spread of various diseases | Helps in drug discovery |
| Developing more effective medicines | Cost management of various healthcare services |
AI Applications in Agriculture
AI can help farmers in providing real time insights from the field for different requirements such as irrigation, fertilisation, pesticide treatment, growth of crops, etc and more. Artificial Intelligence technologies can help in producing healthier crops, control pests, monitor soil, and increase the yield of crops. Tabulated below are some of the applications of AI in agriculture.
| Crop and soil monitoring | Insect and plant disease detection |
| Livestock health monitoring | Intelligent spraying |
| Automatic weeding | Aerial survey and imaging |
| Produce grading and sorting | Improve overall harvest quality and accuracy |
AI Applications to Robotics
Artificial intelligence can improve a robot's visuals and accuracy of image recognition. It can help a robot do a wide range of tasks, such as navigate their surroundings, identify objects around the robot, assist humans with bricklaying, installing drywall and robotic-assisted surgeries. Here are some of the applications of AI in Robotics.
| Computer vision & Imaging | AI-enabled manipulation & grasping |
| AI-enhanced navigation & motion control | Real-world perception & natural language processing |
| Machine Learning Applications | Customer Service |
AI Web Applications
AI can be used for various web design purposes including web design and development. It can help provide faster searches, relevant customer interaction and experiences, effective digital marketing, better interactions with the website visitors even better and more. Check out the applications of AI in Web Applications.
| Artificial Intelligence (AI) in Website Development | Stimulating Customer Engagement |
| Faster Coding | Conduct Customer Behaviour Analysis |
| Quality Assurance | AI Research |
| Personalised User Experience (UX) | Effective marketing to the targeted customers |
AI Applications in Finance
AI is helpful in finance for better predicting and assessing loan risks, detecting fraudulent activities, and more. AI technologies are used in banks to track investment behaviour of customers, push notifications, keep a record of its customers, perform KYC checks, and more. The tables are some of the applications of AI in Finance.
| Assess risks | Detect and prevent payments fraud |
| Improve processes for anti-money laundering | Customer services |
| Credit scoring | Investment & lending |
| Operations | Audit & compliance |
AI Applications in Oil and Gas Industry
AI can help gas companies in assessing the value of specific reservoirs, customising drilling and completing plans as per the geological area, along with risks assessment for each individual well. It can also help predict market price of crude oil as well as the finished products. Check out the important applications of AI in the oil and gas industry.
| Surface Analysis/Geological Assessment | Reducing Well/Equipment Downtime |
| Optimising Production and Scheduling | Asset tracking and maintenance with the use of digital twins |
| Defect Detection | AI-led Cybersecurity |
| Workplace Safety | Analytics-Driven Decision Making |
| Emission Tracking | Logistics Network Optimizations and Logistics |
| AI Led Inventory Management | Back Office Process and Procurement Optimization |
AI Chatbot Applications
Chatbots is a form of AI used in messaging apps, chat windows, and voice calling apps. It provides convenience for customers, as they are automated programs to interact with customers just as humans would. Here are some of the applications of AI Chatbots.
| Perform specialised task | They offer better services on Mobiles |
| Scale up operations | Divert human resources to core tasks |
| Adds value to customers | Assists customer in making right choices |
| Upselling and recouping carts | Increase personalisation |
| Millennial segments | Interactive marketing |
AI Edge Applications
AI edge computing makes it possible for AI applications to run directly on field devices, processing field data as well as run machine learning and deep learning algorithms in fragments of seconds. It includes smart smart phones, laptops, robots, self-driven cars, etc which use video analytics. Tabulated below are some of the applications of AI Edge.
| Retail and Artificial Intelligence: Shopping Experience | Retail and Artificial Intelligence: Shopping Experience |
| Creating safe, smart roads | Powering smart hospitals |
| Drones | Fire Fighting Robots |
| Industrial Internet of Things | - |
AI Applications in Daily Life
AI helps humans become more productive, live a better life; and has various applications in day to day life. It is used for various purposes such as Self-driven cars, high-end robotics, AI-driven traffic management, etc. The table below are some of the applications of AI in our life.
| AI Applications | Uses |
|---|---|
| Travel & Navigation | We use AI for navigation services and to find ways. It is used in maps for navigation, or uber for hire, they use AI enabled services. |
| Smartphone Apps | Many of the applications we use are based on AI. Built-in smart assistants like Siri, Alexa, Google assistant, are some of the examples of AI. AI enabled services are an integral part of iOS or Android platform updates. |
| Social Media Feeds | AI controls the feed we see while browsing various social media apps/ platforms. They also control the notifications we receive. |
| Advertisement | AI keeps a track of your activity, your shopping sites, search engines, etc and advertisements related to your activities are brought to you. AI uses various information like age, gender, profession, etc for determining the adverts of products. |
| Smart Cars | With the development of automated vehicles, it uses integrated AI with automobiles for creating and providing services. It uses information shared between cars such as traffic, real time updates on roads, road blockage, to enable re-routing. |
| Music & Video Streaming | AI is used to keep a track of the videos and music we listen to most and suggest similar or related genres of songs. AI is used in various music and video platforms like youtube, spotify, and more. |
| Security & Surveillance | AI is used increasingly for surveillance on a large scale. Monitoring the feeds transferred from various cameras and devices is a hectic task with limitations. AI uses face recognition, object and location recognition technologies for monitoring and analysing the inputs received. |
| Financial Services | AI is used in Banks to detect fraudulent activities, analysing investment trends of customers, customer services, etc. |
AI Applications by Coursera
Coursera is one of the top providers of AI Application courses online. You can enrol for Coursera AI Application courses for free. THe fees for coursera cost INR 2,200 - 6,063 per month on monthly subscription basis. You can, however, audit the course for free. Check out the list of AI Application Courses offered by Coursera.
| Course Name | In Association with | Duration |
|---|---|---|
| Introduction to Artificial Intelligence (AI) | Darden School Foundation | 11 hours |
| Developing AI Applications on Azure | Learn Quest | 16 hours |
| AI Applications in People Management | University of Pennsylvania | 9 hours |
| AI Applications in People Management | IBM | 17 hours |
| AI Applications in People Management | University of Pennsylvania | 7 hours |
| AI Applications in People Management | Stanford | 11 hours |
Future Scope of AI Applications
- The scope of AI is limited to domestic and commercial purposes, with constant development in various fields like medical and aviation sectors.
- Currently AI is applicable in most of the sectors including Healthcare, Automobile, Banking and Finance, Surveillance, Social Media, Entertainment, Education, and more.
- AI is constantly developing in the scientific sector, with its ability to handle large amounts of data and to process it quickly.
- AI will reduce cost and expenditure of business in the long run, if it is able to outperform human efforts.
- Moreover, AI startups are believed to increase in a few years, which will create more jobs in the field of AI.
- There are over 18,000 AI jobs in India as per the job postings on Linkedin.
- Some of the roles include AI Analysts and Developers, AI Engineer and Scientist, AI researcher, AI Algorithms Expert, Robotics specialist, etc.
AI Applications Jobs
Artificial Intelligence is among the most popular job options, with some of the high paying jobs roles. Machine Learning Engineer, AI Engineer, Business Intelligence Developer, Data Scientist, etc are some of the popular jobs roles for AI Application. A professional in AI can earn an average of INR 4,00,000 - 10,00,000 per annum. Check out the list of AI job roles along with their salaries and job description.
| Job Profiles | Description | Average annual salary |
|---|---|---|
| ML Engineer | They are involved with customer insights, risk management and simplify Machine Learning principles from the company’s point of view. They are responsible for dealing with the magnificent amount of data available. | INR 7,26,438 |
| AI Engineer | They work to understand business problems, handle AI infrastructure, and meet the demands of the users and clients. | INR 9,49,364 |
| Business Intelligence Developer | They work with databases as well as different types of software. They are responsible for developing and fine tuning its solutions. | INR 5,93,568 |
| Data Scientists | It is among the most important jobs for AI. They extract data patterns and have exceptional communication skills which help them interact with profit-oriented outcomes from the point of view of business. | INR 8,64,359 |
| Research Scientist | They work primarily to gather knowledge and understand research. Their responsibilities also involve development and design work. | INR 7,00,367 |
| Big Data Engineer | Their duties involve maintaining and developing big data architectures which are capable of obtaining business-aligned outcomes. They must be able to handle complex and other requirements of the customers with the use of various programming languages. | INR 7,72,252 |
| Robotics Engineer | They conduct research and design the processes for operating robots/robotic systems efficiently and reliably and also determine expenses and design calculations related to it. They also assist and supervise other engineers/technicians in the development of robots/robotic systems. | INR 4,48,556 |
Top Recruiters
Among the top recruiters of AI professionals, Amazon, IBM, Accenture, Uber, etc are some of them. Tabulated below is a list of top recruiters of AI Professionals.
| Amazon | NVIDIA |
| Microsoft | IBM |
| Accenture | Wells Fargo |
| Rakuten Marketing | |
| Intel | Samsung |
| Uber | MoTek Technologies |
| PCO Innovation | - |
AI Applications: FAQs
Ques. What are AI applications and examples?
Ans. Siri, Cortana, and Alexa are a few examples that are gaining popularity due to the user experience they provide. Amazon's Echo exemplifies how artificial intelligence can be used to translate human language into desired actions.
Ques. What are the five applications of AI?
Ans. They can improve these transactions and provide better services to our customers by programming computers to think like humans. This makes them better computers rather than better people. This is good news for many industries, including banking, recruitment, agriculture, healthcare, and transportation.
Ques. What is an AI application?
Ans. The simulation of human intelligence processes by machines, particularly computer systems, is known as artificial intelligence. Expert systems, natural language processing, speech recognition, and machine vision are some of the specific applications of AI.
Ques. What is AI used in today?
Ans. Artificial intelligence is widely used to provide people with personalised recommendations based on their previous searches and purchases, as well as other online behaviour. AI is extremely important in commerce for a variety of reasons, including product optimization, inventory planning, logistics, and so on.
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