The world-leading geniuses do their best to create the next generation of computers that think like human beings. Our gadgets can already analyze a large amount of data and simplify our lives, but they still can’t compete with the human brain. 

Since AI development is a promising era in the business world, let’s consider what Artificial intelligence is and how it can drive business change.  

What Does Artificial Intelligence Really Mean?

Still, most people consider AI as science fiction. The most popular reasons are:

• When people think of AI, they imagine films like “Terminator”, “I am a robot,” and others. They just don’t understand exactly what it is and perceive it as fiction.

• It is quite challenging to determine AI. The most popular definition is that AI is a technique which teaches electronic machines to learn in the way humans do.

• We come into contact with AI every day but don’t even realize it. It’s something unreal from the films or future, and it’s difficult to realize that it already is a significant part of our life.

The first thing to realize is that AI isn’t a robot. It is similar to the human brain. Virtual assistants like Alexa, Siri use artificial intelligence with machine learning features.

The artificial neural network takes the role of AI. It’s a subfield of machine learning where algorithms are inspired by the structure of the human brain. It’s based on the rules and functioning of biological neural networks.

Today AI can manage tasks like speech recognition and graphic image recognition and even win in some table games. Soon, algorithms based on AI are expected to handle most of the tasks giving entrepreneurs opportunities to focus on tasks that need higher intelligence, like the sales management process. The influence of AI on the labor market becomes a hot topic with the rapid development of relevant technologies. 

Types of AI

There are three main categories of artificial intelligence:

• Artificial Narrow Intelligence. It represents AI that can do one specific task. For example, you ask Alexa or Siri to play music, and then you ask Siri to find the nearest Chinese restaurant. But you can’t ask them to clean the floor, for example.

• Artificial General Intelligence. This AI is similar to human brain work. It can complete all tasks people can do. Also, AGI can define tasks, schedule workload, deal with problems, match ideas, learn new things quickly, and use gained experience.

• Artificial Superintelligence. This AI surpasses the human brain in scientific inventions, social skills, general knowledge and may become smart enough to start running itself. 

We are on the way to AGI utilization. ANI is in use today, so below, you’ll see a different way to implement Artificial Narrow Intelligence in real-life.

Advantages and Disadvantages of Artificial Intelligence for Businesses

Artificial intelligence became one of the biggest breakthroughs, and it’s going to affect business even more. It means that any process can and will be run by an AI today. Companies can use AI to perform multiple tasks, from social data analysis to logistic optimization.

Let’s discuss the benefits of artificial intelligence in different industries.

Transportation

Self-driving cars will become a reality in the nearest future. Engineers of such vehicles convenience users in their safety.

They report about driverless trucks and cars to prevent potential problems and doubts. For instance, AutoX has already launched a driverless RoboTaxi pilot in Shenzhen. It will be the first time people can order a completely autonomous car.

Household Chores

AI will be able to take household tasks like cleaning the house, delivering packages, providing security, and so on. Developers are working with AI algorithms to make it possible to perform such specific tasks.

For example, all of us heard about autonomous vacuum robots. So that’s, the new generation of AI robots will run a household without human guidance. Smart home apps with AI in-built make your home a better place to live.

Medicine

AI in medicine helps make individual plans for patients’ treatment and provides the doctors with all necessary information for the right decision making. 

AI techniques integrated into electronic medical cards, allowed doctors to store all data about the patient’s diseases and services providers. Moreover, some mobile apps can examine your general condition, give information about symptoms, measure blood pressure, and other activities.

Educational system

Today, many organizations make significant investments in AI development to implement advanced technology in schools’ educational process.

For instance, the Ozobot robot lets children playfully immerse themselves in back-end web development using a special mobile app. 

AI bots help children learn foreign languages using the system of speech recognition and neuro-linguistic programming methods. 

The SHERLOCK app prepares future aircraft mechanics to find defects in the electrical systems of the airplane. Many robots will communicate with people and even emotionally support them. You can’t get the same experience from ordinary textbooks, for example.

Everything seems to be perfect, doesn’t it? However, artificial intelligence projects have some disadvantages businesses should keep in mind.

According to world statistics, robots could replace 250,000 public sector workers in Great Britain by 2030. As a result, the development of artificial intelligence not only tips the workforce balance market but also threatens the well-being of the middle class. 

Researchers are concerned about the influence of artificial intelligence on the global economy. The point is that artificial intelligence could obliterate many professions in the future.

Rise against machines

Machines do not simply replace workers, they manage the tasks much better. And this is only a small piece of the AI revolution. AI development is expected to revolutionize all sectors of the economy. New artificial intelligence technologies rebuild all fields of knowledge.

These circumstances make many people think of the idea of creating a stable basic income. In turn, stable income won’t encourage people to start their own business or practice other activities that cause the necessity to create additional work positions.

However, stopping AI’s development will be a big mistake since advanced technology gives a wide variety of business opportunities. It is impossible to stop the development of AI and machine learning since it breaks the unwritten rules of the development of science. 

Only imagine that the government of one country prohibits any research in this area. This way, the workforce market will be in danger since the other countries will have a chance to conduct ongoing AI development. Therefore, it is not reasonable to stop this process. But, it should be taken under control to stop the unethical use of AI.

AI Future: Smart Software is Everywhere

Artificial narrow intelligence based on self-improvement features. But even if scientists create AI without this feature, it will be able to learn by itself when it reaches a human intellectual level. As a result, automated intelligence will transform into superintelligence that surpasses the human brain.

At the same time, AI is an integral part of our daily life and makes our life better. Your Google Assistant or Siri can find an appropriate route for you by learning your daily schedule. Artificial intelligence analyzes your personal preferences and interests and provides interesting news or weather forecast.

In fact, many entrepreneurs tend to create apps for their businesses with in-built AI features to personalize interactions with customers and present more relevant experiences using recognition software, chatbots, smart analytics, and many other available features. In contrast, some companies find AI hard to implement or even imagine. However, it’s a great choice to stand out from competitors and take the customer’s engagement to the next level with tailor-made digital experiences.

Bottom Line

You’ve got acquainted with the fundamentals of AI use in business. In case you need to know more, you can apply to an experienced software development vendor. The vendor’s specialists will answer the most disturbing business questions of yours, and help you build a modern AI-based digital product, which will be profitable, sustainable and attractive for customers.

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BitStarz is looking for developers to write applications for the casino platform. You can find more details about Bitstarz casino in this review.

BitStarz, a leading crypto casino has announced a hackathon for the Latvian developers aimed at creating a decentralized blockchain-based platform. A hackathon is a type of marathon. It is a competition in which computer programmers and others who have an interest in computers and programming, including graphic designers, interface designers and project managers, collaborate intensively on software projects.

Hackathons typically last between a day and a week. Many hackathons focus on a specific topic, such as information technology, health care etc. These events are typically sponsored by companies which introduce new products or technologies to the marketplace.

BitStarz is running a hackathon at their famous Riga’s casino on April 6-8. BitStarz believes that the future of online gambling depends on innovation. They want to help gamblers get one step ahead using innovations of blockchain technology. The BitHackers’ aim is to create an exceptional gaming experience based on the latest advances of bitcoin technology like payment channels, multisignature transactions and centralized server-free solutions.

The winning team will get a good prize and all expenses covered for travel and accommodation during the Hackathon in Riga.

Riga is a fascinating city. It’s also a modern tech hub, with one of the friendliest tech scenes in Europe. In just a few years it has gone from being off the beaten track to the best startup city in Eastern Europe. Thanks to BitStarz Casino everyone can now enjoy Riga, just for giving it a chance and opening an account at the casino.

Starting April 6th it will be possible to participate in the BitStarz Casino contest named Cyber ​​Weekend Holiday. The point of this competition is to bring together everyone who likes the idea of ​​hacking and cryptocurrency. Participants will have to create a project or develop an application that will include or use cryptocurrency, blockchain, etc. It should be noted that during the conference all kinds of information technologies are allowed.

What is a hackathon?

A hackathon is a meeting for programmers to get together and write some code. It’s a fun way of doing a bit of programming whilst developing some new relationships with other coders in your area. In hackathons there are 2 main tasks, to develop a product from scratch and to market it. Sometimes hackathons consist of a combination of development and demonstration in terms of pitching etc. The event is aimed at making participants create a product or service in a certain time frame, depending on the format.

Usually, hackathons involve software programmers but some hackathons may involve designers and project managers as well. A hackathon is a collaboration, a coming together of the brightest minds in the universe. Some combination of developers, marketers, designers and humanitarians come together over a weekend, then go their separate ways.

A hackathon is a lot of fun. In a hackathon, everyone conceives of an interesting problem to work on, forms teams to tackle it, then spends a few days developing software or hardware prototypes that approach that problem from different directions. There will be a maximum of 20-30 people at BitStarz Hackathon who will be competing in teams of 2. During the event, there will be a voting system to decide which team has produced the best project. At the end of the event, only 1 team will win the prize pool while everyone else takes home memories, but that doesn’t mean that everyone else gets nothing.

Why are developers attracted to hackathons?

The organizers of such events attract developers by promising prizes and often even cash rewards. The BitStarz Casino Hackathon is no different. The organizers promise $5000 in total, and $1500 to the best project. Developers love hackathons because they offer an opportunity to build new things connected with the newest technologies like IoT, virtual reality or blockchain.

Developers love hackathons, maybe because we’re attracted to the idea of building something quickly and working with other talented developers in an exciting environment.

Developers are creative-minded people. To satisfy this creative urge, many of them are now attending hackathons. There are now hackathons for almost any topic you might imagine.

Developers like hackathons because it lets them flex their coding muscles, solve interesting problems in teams, and learn new technologies. It’s also a great chance to get to know people who share their interests.

Hackathons are an excellent place to meet other people with the same interests since it is the one time where you are all gathered together in person. Oftentimes it can be harder to meet up with others in your local community than it is to go to a hackathon. The atmosphere of a hackathon also promotes quick learning and understanding between peers which will help you learn more in less time at the event. You will often find that you will be able to quickly find others who know far more about certain technologies than you, and be able to tap into their knowledge effectively.

Hackathons are a form of knowledge work. They are about mental interactions between people rather than manual labor. The same skills it takes to do well as a programmer also apply to creating high-quality software quickly.

The benefits of the event

We are pretty sure that the benefits are obvious. To name just a few advantages of participating in Startup Weekend Riga events, you will gain experience of working in a team on real business challenges, and gain experience of pitching. You can also gain important skills that are helpful for your further career development. You will be able to show the world your skills, prove that you are an expert in your field, have fun working with other hackers, and have a chance to meet the first investors to easily reach the first sponsor.

Bunch of great technologists and creatives will be getting together for a single weekend to build some new products and generally have fun. All expenses paid for the trip to Riga, Latvia. The greatest benefit of this event would be the inspiration you will feel after it because you will know why things are made in the specific way they are made. They are expecting that some very talented developers will join us, exchanging experiences. Our aim is to find one or more capable partners, who will be able to share their experience with us and develop our platform further.

Why do IT- Teams apply?

BitStarz is looking for fresh ideas which will make their customer experience better. Innovation is what you bring to the table, this year BitStarz has decided to reach out to teams of IT specialists who are willing to work with them on a regular basis. The BitStarz team have been working hard to set up a unique, secure and fair gaming site for players. Being a part of a hackathon you will get a chance to work in an innovative environment that will provide you with valuable experience. Our hackathon is not just about development, but also about your way of thinking and solving problems.

The BitStarz Casino team decided to help IT-Students with an awesome opportunity. We will do this by offering some BitStarz Hackathon Tickets. Are you one of the eligible participants? Are you interested in joining the competition? Do not miss the chance of participating in the first BitStarz Hackathon Event on April 6th, 2016.

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Here you may find machine learning, speech and speech acknowledgment, virtual assistants, and other top AI software features. AI offers users the necessary capabilities in combination with machine learning and simplifies business processes.

Types of A.I software

• Machine learning and deep learning are utilized by AI software to generate and build intelligent applications.
• Platforms for artificial intelligence: A platform for developing an app from the ground up. This includes a number of built-in algorithms. Furthermore, the drag and drop function is simple to utilize.
• Deep Learning encompasses language recognition, image recognition, and other applications.
• Machine learning software: machine learning is the technology that allows a computer to learn from data.
• Chatbots: This program mimics the influence that a human or person has on a dialogue.

1. TensorFlow

Tensor Flow is popular open-source software that is ideal for professionals seeking a powerful numerical calculation tool. It has a versatile architecture that allows it to run computations on many platforms (including TPUs, CPUs, and GPUs). It can also be used on PCs, servers, mobile devices, and other media.

It was created by a group of Google AI engineers and researchers. Tensor Flow has deep learning and machine learning capabilities. It also provides extensive support for key mathematical expressions that can be used in various scientific fields.

Features:

• Edge devices
• Desktops
• Clusters
• CPUs, GPUs, and TPUs.
• Mobiles
• For development, beginners and professionals can utilize TensorFlow’s APIs.

Pros:

• Offers better community support.
• Functionalities and features are nice.

Cons:

• It’s hard to learn, and time to learn will be needed.

2. Cortana

Like Google Now and Siri, Cortana is a smart personal assistant that assists users with app activation, appointment scheduling, and a variety of other virtual activities. It can also change the device’s settings, such as switching Wi-Fi off and on. The tool can also answer your questions, make reminders, turn on the light, and order pizza online, among other things.

Features:

• It has many tasks, and it can execute various activities.
• It uses the Bing search engine to function.
• Xbox OS, iOS, Windows, and Android are all supported.
• All supported languages are English, Portuguese, French, Japanese, Chinese, Spanish, and Italian.
• It can receive voice inputs.

Pros:

• Features voice recognition which helps save time.
• It offers many featured skills.

Cons:

• Some featured skills are available only for users in the US; these skills include FitBit scenarios and OpenTable.

3. Content DNA platform

Ready for usage as a human learning platform.

Features:

• In contrast to the traditional DL frame-level approach, content analysis is on-scene level.
• No special training datasets are required: Professional support for live and VoD content generated by users and users.
• Works in every type of content: sports, films, series, television shows, etc.
• The software adapts to a new case of use for an average of two weeks.
• Content abnormalities are accurately detected: external ads, flippery texts, etc.

Marketing:

• Detection and assembly of sports highlights.
• Recommendation of highly tailored material.

Pros:

• You will find it easy to learn, even if you are not a deep learning specialist.
• Video processing analysis offers several possibilities.
• Uncontrolled machine learning is a sort of machine learning that requires no monitoring.

4. Google Cloud Machine Learning Engine

Whether you’re beginning a new business or planning a digital transformation of an existing one, Google AI technology and Cloud solutions will significantly assist you in your endeavors. For training, adjusting, and assessing your model, Google Cloud Machine Learning Engine is an excellent choice. Compute Engine, Cloud SDK, Cloud Storage, and Cloud SQL are all included.

The software also provides secure and long-term item storage. In addition, users can use Google Cloud thanks to its libraries and command-line tools. Relational databases are also available for SQL Server, MySQL, and PostgreSQL.

Features:

• Google Cloud will help you analyze, train, and optimize your model.
• The optimized model can now be used. Moreover, one can track the models’ predictions and manage the models and the versions.

Pros:

• Offers adequate support.
• The software is excellent.

Cons:

• Documentation should be improved.
• It is difficult to learn.

5. Salesforce Einstein

It’s a CRM (Customer Relationship Management) system. This intelligent CRM system is intended for Sales, Marketing, Community, Analytics, and Commerce.

Features:

• Enhances awareness of available opportunities.
• By adding new contacts, you capture data and save time on data entry.
• Based on historical data, it assists in prioritizing opportunities.

Marketing:

• It will support the best product recommendation.
• One of its key characteristics is the marking of commitment.

Pros:

• There is no need to manage the models.
• There is no need to prepare the data.

Cons:

• It is challenging to learn.
• It is pricey.

6. Infosys Nia

Infosys Nia is a well-regarded business intelligence platform that can collect data from old systems, people, and processes. It collects data and organizes it into a knowledge base, and automates IT procedures and business tasks. The software is intended to reduce manual work while solving customer problems that need imagination, creativity, and enthusiasm.

Characteristics:

• It contributes to the improvement of procedures and systems for empowering the organization and its workers.
• It can also be used as a tool for machine learning.

Pros:

• Infosys Nia offers chatbots, advanced business applications.
• It aids in the capture of knowledge from various processes and systems.

Cons:

• It is difficult to learn.

7. IBM Watson

It is an AI-powered computer system designed to answer customers’ inquiries. IBM Watson is linked with cognitive computing, which combines techniques such as reasoning, machine learning, natural language processing, artificial intelligence (AI), and others. This tool, named after Sir Thomas J. Watson, IBM’s first CEO, enables the incorporation of artificial intelligence into various business operations. It aids in enhancing the organization’s production and efficiency to obtain better results.

Features:

• Ability to perform distributed computing.
• You will have complete control over the vital activities if you use this program. It can handle anything by securing IP addresses, retaining data ownership, and safeguarding data insights.
• It is in accordance with current instruments.
• Provides a programming interface for application development (API).
• It can also learn from small amounts of data.

Pros:

• The strong system.
• It contributes to the intelligence of business processes.

Cons:

• Reporting is decentralized.

8. Braina

It’s one of the few top-rated AI programs that works in many languages. Braina may also be used to perform virtual voice recognition. This allows software voice to be simply and quickly transformed into text. Over 100 languages are supported by this productivity-focused corporate information tool.

Characteristics:

• The tools and features built into Braina enable users to complete tasks quickly.
• It has a Multilingual Virtual Assistant built-in.

Conclusion

The software mentioned above is among the best A. I software developed in recent years. The software helps create and develop intelligent applications from the ground up. Individuals can use these tools to improve and simplify their business processes because they feature a powerful combination of AI and machine learning. In a nutshell, Artificial intelligence (AI) has become the primary component of business software.

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In the early 1980s. computing scientists Barr and Feigenbaum have proposed the following definition of artificial intelligence (AI):

Artificial intelligence is a field of computer science that develops intelligent computer systems, that is, systems with capabilities that we traditionally associate with the human mind – understanding language, learning, reasoning, problem solving, etc.

Later, a number of algorithms and software systems began to be attributed to AI, the distinctive feature of which is that they can solve some problems in the same way as a person who thinks about their solution would do.

The main properties of AI are understanding of language, learning and the ability to think and, importantly, to act.

AI is a complex of related technologies and processes that develop efficiently and rapidly, for example:

• natural language processing
• machine learning
• expert systems
• virtual agents (chat bots and virtual assistants)
• recommendation systems.

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