Sana and adapt to new inputs. Importance

Javed , M.A Economics (Sem IV)

The era of
Artificial intelligence has arrived.  The question is no longer whether AI can help the world or not. The question now is what is the big role AI has started
playing and will continue in future. Recent
rapid advancements in AI has created ardent interest all over the world. The
father of artificial intelligence John McCarthy has defined AI as ” the science
and engineering of making intelligent machines especially intelligent computer
programs”. AI  develops machines with
humanlike intelligence i.e. process information and producing output  in a manner similar to how humans  behave, comprehend  and solve problems.AI makes it possible for
machines to learn from experience and adapt to new inputs.

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of AI cannot be ignored as we see it helping us in our day-to-day activities from
being voice activated assistants in tablets, smartphones and computer’s  (like Amazon’s Alexa) that follows user’s
voice command to complete assigned tasks to using highly sophisticated tech
tools like Google’s AlphaGo,IBM watson  and Arria NLG(natural language generator) that
acts as an analyst and writer in one, crunching millions of data points per
second , processing and analyzing it so as to generate easy to read reports much
faster than humain brain thereby allowing user’s to focus on high value tasks. These
are just the tips of iceberg we see showing how artificial intelligence helps
us ,business and society at large. According to various studies and researches new
AI technologies will fuel global economic growth as productivity and
consumption increases in the near future. The future looks bright with AI just
scratching the surface from developing efficient energy grids, smarter
developed supply chains, fully automatic transportation system to solving
global problems of health ,diseases  and  food shortage. AI has limitless potential and
is expected in the coming years  to help
improve and perform  tasks more efficiently
and accurately to save user’s cost,money and time,  to enable unprecedented production and labour
productivity, to deliver uninterrupted services to individuals in the country
and  to overall optimize the resources
available to the generation so as to help in the overall economic growth and