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information so that these machines can behave intelligently. The upgradation of knowledge is the utmost
necessity for AI machines to optimise the output.

Data + Algorithm = AI Machines

APPLICATIONS OF ARTIFICIAL INTELLIGENCE
Artificial intelligence (AI) is no longer a buzzword. It has become an integral part of our lives, influencing every
aspect of society in various ways that we could only dream of just a few years ago. Most companies are using
artificial intelligence (AI) using various AI applications. These applications are changing our lives by using
advancement in technology using AI tools.
Let us understand how AI is transforming our lives through AI-enabled applications

Healthcare

Healthcare industry is one of the major industries the world. The major goal of implementing artificial intelligence
machines is to enhance productivity in terms of improvement in patient care and reducing work pressure. To
do this, many healthcare industries make appropriate usage of artificial intelligence machines to make better
and faster diagnoses about specific diseases. For example, AI-powered medical imaging is also widely used in
diagnosing COVID-19 cases and identifying patients who require ventilator support. For example, a Chinese
company, Huiying Medical, has developed an AI-powered medical imaging solution with 96% accuracy.

Finance
AI has revolutionised in the banking and financial industries as these chatbots are designed to provide quick
and relevant responses to customer queries and fetch the relevant information from a larger database within
a second. For example, Axis Aha, the chatbot launched by Axis bank can not only answer customer queries
through voice and text but it is also able to execute actual transactions and actions such as blocking a card on
the basis of customer requirements.

Knowledge Botwledge Bot
Kno
EVA, an acronym of Electronic Virtual Assistant is India’s first and largest artificial intelligence
banking chatbot.

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