Current Applications of Artificial Intelligence 

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Have you ever wondered what it would be like if computers were able to think and make decisions like humans? This futuristic idea, one that has been greatly focused on by the media and movies, is now coming to be a reality. One of the latest applications for computer science is artificial intelligence, which is the simulation of human processing by machines. Artificial intelligence uses several mechanisms including neural networks and machine learning to help computers make decisions as humans would. The importance of this idea is readily growing, and it is estimated that by 2050, AI will play a large role in all aspects of daily life. In order to understand the total effect that artificial intelligence will have on our future, it is best to look at some of its current uses in several fields, including marketing, healthcare, and finance. 

Artificial intelligence algorithms currently play a huge role in marketing for companies such as Amazon. When consumers shop online, they are often provided with a recommendation list. Algorithms are able to generate these lists based on the user’s previous search and purchase history. Most current shopping platforms collect and store a large amount of information about what customers search for and enjoy, which allows them to personalize their users' experience. This personalization results in notifications and advertisements that offer a unique marketing experience for each customer, increasing the chance of another purchase. 

In addition to increasing marketing efficiency, artificial intelligence is also being used to improve the healthcare system for patients. In the past, the healthcare system has suffered from inefficiency and exorbitant costs, but artificial intelligence is helping hospitals take care of their patients in a much more effective manner. For example, AI algorithms are being used to help doctors analyze tissue samples and form a more accurate diagnosis in a more time-effective manner. Several apps such as SkinVision have also been created for the sole function of recognizing any malignant tumors, and are being used to recognize skin cancer. Overall, it is clear that artificial intelligence plays a huge role in making the healthcare industry more accessible and efficient.

Finally, artificial intelligence helps analyze and organize data in the finance industry, greatly decreasing the time necessary to go through large quantities of information. By employing efficient algorithms, computers are able to detect changes in the financial system and generate a report for analysts. This allows for financial workers to make decisions based on the reports rather than having to analyze data by themselves. The finance industry is known to rely heavily on analysis of data, accuracy, and real-time reporting. Since artificial intelligence is highly useful in all of these areas, it is especially useful for accurate reporting in the finance industry.

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Overall, it is clear that artificial intelligence plays a major role in several fields, and will continue to do so in upcoming years. Codefy hopes to inspire the future generation of AI experts by hosting several computer science classes and hackathons. Please read through the rest of our website if you are interested in learning more!