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Facts and Data about AI
- By 2025, Statista projects that the global Artificial Intelligence (AI) software market will generate 126 billion dollars in revenue.
- According to Gartner, 37% of businesses have used AI in some capacity.
Source: safalta.comOver the past four years, there has been a 270% increase in the proportion of businesses using AI.
- By 2025, 95% of client interactions, predicts Servion Global Solutions, will be driven by AI.
- According to a recent Statista report for 2020, the worldwide AI software industry is anticipated to increase by roughly 54% annually and reach a forecast value of USD $22.6 billion.AI
Recommendation engines are made possible by artificial intelligence technology, allowing you to interact with your consumers more effectively. Their browsing history, preferences, and interests are taken into consideration while making these recommendations. It helps you build stronger bonds with your clients and increases brand loyalty.
Chatbots and virtual shopping assistants enhance the user experience for online shoppers. The dialogue uses Natural Language Processing to sound as natural and intimate as possible. These assistants can also interact with your consumers in real-time.
Two of the biggest problems faced by e-commerce businesses are credit card fraud and bogus reviews. AI can assist in lowering the probability of credit card fraud by taking usage trends into account. Many consumers choose to purchase a good or service after reading customer reviews. Artificial intelligence (AI) can assist in spotting and handling false reviews.
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Artificial intelligence applications in finance
According to research, 80% of banks are aware of the advantages AI may offer. The very advanced technology provided by AI may considerably enhance a wide range of financial services, whether they are provided for personal, business, or consumer use. Customers seeking assistance with wealth management products, for instance, can simply obtain the information they require via online chat or SMS text messaging, both of which are AI-powered. Artificial intelligence is also capable of spotting changes in transaction patterns as well as other potential fraud red flags that people are likely to miss, sparing both individuals and corporations from suffering severe losses.
Artificial Intelligence in Social Media Applications Instagram
- On Instagram, artificial intelligence (AI) takes into consideration your likes and the accounts you follow to decide which posts to display in your explore tab.
- Along with DeepText, Facebook artificial intelligence is also utilized. Facebook can better interpret discussions with the help of this tool. It can be used to automatically translate postings from multiple languages.
- Twitter uses AI to identify fraud and remove hateful and propagandistic posts. Twitter also makes use of AI to suggest tweets to users depending on the kinds of tweets they interact with.
What is a real-time example of AI?
What is AI and real-time application?
What are 2 examples of tasks AI is currently capable of doing?
Natural language processing: Artificial intelligence (AI) can assist with activities like language translation, text comprehension, and the creation of human-like prose.
How does real AI work?
How is AI used today?
Who is the father of AI?
What is the definition of real AI?
What are the types of AI?
- Artificial general intelligence
- Artificial superintelligence
- Artificial narrow intelligence
- Reactive machines
- Limited memory
- Theory of mind