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TRANSFORMATION IN OUR LIVES DUE TO ARTIFICIAL INTELLIGENCE

            Artificial Intelligence (AI) is a powerful technology that keeps getting better and changing how we live. It’s like
            a super-smart tool that helps us stay ahead in different areas. Nowadays, AI is used in many industries and
            economies to make things easier and better for people. It’s good at guessing what might happen next and can
            learn how to do tasks without the help of lots of people.
            AI helps in lots of ways:

             u   Automation: Streamlines repetitive tasks and processes.
             u   Efficiency: Optimises operations, increasing productivity.
             u   Customer  Service: Chatbots  and  virtual  assistants
                provide 24/7 support.

             u   Financial  Services: Aids  in  fraud  detection,  risk
                assessment, and algorithmic trading.

             u   Smart Devices and IoT: Enables natural and responsive
                smart systems.

             u   Education: Customises learning experiences and provides
                personalised feedback.

             u   Exploration and Research: Aids in space exploration and scientific research.
             u   Entertainment and Gaming: Powers recommendation systems and character behaviours.
            AI IN REAL LIFE


             AI is like a really clever helper that’s making our lives easier and more efficient in many different ways. Let us
            understand how the research in the field of artificial intelligence makes a big transformation in our lives with the
            help of some examples.

            Clinical Trial Matching

            CTM is an acronym of ‘Clinical Trial Matching’ that uses AI technology to read
            patient data from larger databases with right clinical study. It is developed by
            IBM Watson. This system is basically designed to eliminate the need for manual
            comparison of data and makes it easier for health workers to review a list of
            clinical trials in a very effective and efficient way.



                                     Banking Assistant

                                     These days many banks have started using  AI based  systems to provide customer
                                     support, finding discrepancies in the accounts and detecting frauds related to credit
                                     and debit cards. For example, Axis Aha, a virtual banking assistant brings the power
                                     of  artificial  intelligence  and  machine  learning  to help  customers with  contextual
                                     conversations, do transactions and answer their banking related queries.






              Lexi is India’s  first chatbot  powered by ChatGPT. This chatbot has been launched by a financial
              technology company named ‘Velocity’.




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