Today, Artificial intelligence technology is one of the trending topics that are widely talked over in technology & business circles. Many industry analysts & experts argue that AI is the future; but, when we look around and analyze, we are convinced that it is not the future; it is the present.

What is Artificial Intelligence?

AI technology is the branch of computer science that accentuates the building of intelligent machines that will work and think like humans. At first, the Facebook application has adopted artificial intelligence for image recognition. Other AI example is speech recognition which uses artificial neural networks.

With the advancement of technology, you are connected to various types of artificial intelligence products, whether it is Siri, Alexa, or Watson.

Now, a few readers will get a doubt that who is Siri in real life. Well, Siri is a virtual voice assistant that uses voice questions to answer queries and make suitable recommendations and resolve customer problem or query by associating with various internet services, including Trip Advisor, Yelp, and Wolfram Alpha .

We all know this advanced technology is in the initial stage, and a large number of companies are investing its resources in machine learning, indicating a robust growth in AI products and apps shortly.

Artificial intelligence is not limited to IT technology; instead, it is used comprehensively in several areas such as education, medicine, supply chain, law, business and manufacturing, to simplify the tasks of human. Even Science fiction films are also created by artificial intelligence technology.

Applications of AI Industry wise:

Some Stats Related to Artificial Intelligence Growth:

According to the report of MarketandMarkets

According to Gartner , 80% of emerging technologies will have an AI foundation by 2021.

, 80% of emerging technologies will have an AI foundation by 2021. Gartner survey shows that 37% of organizations have implemented AI in some or other forms, which is a 270% increase in the last four years.

IDC predicts 75% of commercial enterprise apps will use AI by 2021.

You believe it or not. Artificial intelligence is affecting our choices and our lives every day. Well, continue reading as we tell you examples of artificial intelligence you are using in your daily life.

Also Read: The Revolution of Artificial Intelligence Technology

Top 16 Example Applications Where AI used

1. AI in Commuting

Commute times in the US have been progressively increasing year by year, which is affecting productivity. Reducing commute times is not a simple issue to resolve.

Now, we are going to see how AI is already helping to tackle the complexities of transportation.

Ridesharing apps like Uber, Ola, and Lyft

How will they determine the price of your ride? How to these services optimally match you with other fellow passengers to minimize detours? The answer to all questions is ML.

Uber head of machine learning confirmed Uber’s use of Machine Learning for estimated meal delivery times on UberEats, ETA for rides, fraud detection, and computing optimal pickup location.

In the near future, AI will decrease people commute even further via self-driving cars that results in 90% of fewer accidents, more efficient ride-sharing and smart traffic lights that reduce wait times by 40% and overall time by 26%.

2. Smart cars & drones

Smart car and drone manufacturers are using most of AI technology. Just a few years ago, using a complete automatic car is a dream, but today companies like Tesla and Waymo made so much progress that we already have a fleet of semi-automatic vehicles on the road.

When it comes to drone delivery programs, Amazon and Walmart are heavily investing to make it a reality as soon as possible. If you think that is far-fetched, do note that militaries all over the world are already using successful drone programs.

Tesla autopilot cars are a prime example of how AI is affecting our daily life with features like predictive capabilities, self-driving, and technological innovation. The Tesla vehicle is getting smarter day by day through over the air updates.

3 . Smartphones.

Smartphones have become the most crucial tech product that we own today, and we use almost every time. Well, if you are using a smartphone means you are interacting with the AI whether you knew it or not.

In a smartphone, you will have AI features like a smart assistant and portrait mode in the camera. For example, when you are using an intelligent assistant like Siri or Google Assistant or Alexa, you are aware they are based on AI.

The Smart assistants (Google Assistant) help you to find the information, make voice calls, get directions, open applications, add events to the calendar, and send messages. These smart assistants use machine learning to get smarter and capable of understanding natural language requests and questions.

It is one of the standard and iconic examples of machine learning abilities of smartphones. When you are using a portrait effect for taking images, we never thought AI is behind it. The integration of AI in smartphones helping in bringing features like mixed & virtual reality elements, scene detection, and many more.

So, whenever you feel AI is not affecting you, take out your smartphone.

4. Media streaming services

Media streaming services are the next example of how AI affects our lives that we are using in our daily life. Whether you are using Netflix, YouTube, or Spotify, AI is making the decisions on behalf of you. You might feel that you have total control, but the reality is not.

For example, I love to discover a weekly playlist on Wynk as it introduced me to several artists, which I wouldn’t have been announced to if not for the AI gods at Spotify.

So next time when you are hitting play on a recommended video or watching a recommended show on Netflix, or any other media & music streaming service for that matter, remember that AI is playing a significant role back of that.

5. Banking & finance

The open fact is the world runs on money, and banks are necessarily the gatekeepers that regulate the entire flow, and it plays a significant role in our lives.

Did you know that the banking & finance industry mostly depends on artificial intelligence software for things such as fraud detection, investment, mobile check deposits, credit decisions, customer service, and many more?

Let us have a look at the simple example:

We will receive automated email and SMS messages from banks whenever we perform a simple transaction. Well, that’s AI watching over your account and trying to warn you of any fraud.

Banking systems are trained with AI to look at the large chunk of fraud data and find a pattern so that you can be warned before it happens to you. Even big players in the banking and finance industry use AI to analyze data to find the best avenues to invest in getting more returns with minimal risk.

It is not the end, AI is going to play a key role in the industry as most of the top banks around the world are investing billions in the AI, and we all will see the effect sooner.