It is not wrong to say that Artificial Intelligence has become an integral part of our daily lives. As a matter of fact, artificial intelligence knows what we like, whether it’s our favorite movie or partner (ha-ha). AI is a new-generation and emerging technology that is changing the way people live and how they work in the world.
Aside from helping personal lives, artificial intelligence is also helping business fields such as eCommerce, automotive, healthcare, manufacturing, and entertainment. A human could become omnipotent with artificial intelligence as it becomes more sophisticated and powerful.
It is surprising how few people are aware of AI and its capabilities. Despite its widespread lack of awareness, artificial intelligence is transforming every aspect of life. The benefits of it are enhanced decision-making by helping people integrate information more effectively, analyze data more effectively, and apply insights to the decision-making process.
The following are some interesting facts about artificial intelligence:
- Human intelligence is set to be eclipsed by artificial intelligence in the near future
- AI bots are predominantly female
- Your thoughts can be read by AI
- Using artificial intelligence, you can recognize people by their voice
- The use of AI can replace human workers
- Artificial intelligence is capable of writing
Is Artificial Intelligence (AI) Really the Future?
There isn’t a person or a group in the world who hasn’t been impacted by artificial intelligence, especially in this modern age. In the past, humans used to ask other humans to do their work, but now that has changed to robots or artificial intelligence doing the work instead.
With the advent of emerging technologies such as big data, machine learning, IOT, and voice search, AI finds a place in a number of big and new fields. We are pretty sure that it will continue to play an important role in the future as well.
AI refers to the process of turning computer systems into intelligent machines that can make decisions without human input. The use of artificial intelligence allows you to create a machine that can solve complex problems, exhibit smart behavior, and provide stimulation comparable to human intelligence.
We humans have always relied on machines to perform simple and complex tasks. Is it a sign that we are lazy? No, we have modern and smart solutions like artificial intelligence that allow us to save time and focus on important tasks. It’s just now we are robo-readers!
How Artificial Intelligence changing the world?
A lot like how women are difficult to understand, AI also lacks a precise, widely accepted definition. Additionally, there are tons of descriptions and definitions on the internet that are defined by experts or tech nerds alike.
For a better understanding of AI, let’s sum it up as follows:
Artificial Intelligence is nothing but an advanced tool capable of predicting, recommending, and judging virtual and real-time environments based on a variety of different data. Furthermore, AI is supposed to do tasks originally thought to be performed by humans.
There are two major subsets of AI called Machine Learning and Deep Learning. Following is a definition of each. The machine learning algorithm uses data to make predictions, enhance information, and describe information. The theory of deep learning is based on the idea of artificial neural networks.
Now that you have a basic understanding of artificial intelligence and its subsets, let’s move on to how it changes the world.
AI virtual assistance
Since there are Alexa’s and Siri’s, it isn’t new that AI will assist people in performing their tasks. Using a personal assistant AI will allow us to get rid of time-consuming and mundane tasks.
Using technology, you no longer have to go to the grocery store, set an alarm for a meeting, and set reminders for watching TV shows or playing games. AI assistance will do the job for you and save you time so that you can focus on important tasks.
Using AI assistance is like having an assistant who knows just what to do and when to do it. Take advantage of AI assistance for your daily tasks, whether it’s setting up your wardrobe, doing laundry, or doing any other tasks. However, AI functions according to its developed programming.
Enhance operational costs
Physical manpower can be costly in a company since salaries and benefits have to be accounted for. The knowledge that you need a team of physical workers directly impacts the company’s profit and increases operational costs.
Using AI to run a business or organization could virtually eliminate human labor costs and increase company profits. It could also save the company from bankruptcy. With modern and emerging technology like AI, your company’s operation will be transformed and you will gain a lot of profit and development.
Future expectation of AI technology
In spite of many new technological innovations that have changed our lives, AI has brought the most exciting times and continues to change our lives for the better. Although AI isn’t new to us, it’s a new technology that has changed the way AI makes a better world and our lives.
What can we expect in the future?
- Autonomous vehicles
- Emergence of AI and robotics
- AI will make our lives more personalized
- AI will perform tasks on behalf of humans
- Artificial intelligence will make everything easier and smoother
AI, as an emerging and modern technology, will help us make our lives easier by making them smarter and more functional. As soon as AI is fully implemented, we will be able to command bots to do whatever we would like, making life easier than ever before.
In the future, the following sectors will be impacted by artificial intelligence:
- The healthcare sector
- The education system
- The information and technology industry
- The retail sector
- Customer service
- The food industry
- Entertainment and media
Our lives have become all about artificial intelligence since it does everything we want it to do without any help or support. Because AI has changed the world and how we think and perform, it is not a surprise that everyone can benefit from this new and modern technology.
Artificial Intelligence is one of the fastest-growing industries and a prominent sector in the tech industry. From the example above, you can see how the scope of AI has expanded into many industries, including retail, food, information technology, and security. Because of this, you may require expert assistance in order to utilize the technology.
It’s the sci-fi technology that will always dominate when it comes to the emergence and advancement of smart machines. Although we have discussed how AI is smarter than humans, there is no denying that technology will benefit the world.
How You Can Incorporate AI To Grow Your Magento eCommerce Store?
eCommerce store owners used to complain about not achieving expected sales or growth when it comes to sales. E-commerce stores are no longer just about creating a beautiful and engaging website and stocking up on a lot of items. Today, it’s all about incorporating modern technology, AI that can drive tremendous amounts of sales.
You will learn how you can incorporate AI into your Magento eCommerce store to boost your sales graph.
1. Integrate personalisation
Personalized in the sense of giving users what they want at the right time with the right solution. It is possible to use chatbots to provide targeted consumer experiences, which will make your customers happy and satisfied.
AI algorithms enable the chatbots to analyze customer details in real time and provide personalized recommendations based on their previous purchases and behavior.
Using Magento upgrade service, you can easily integrate these chatbots into your eCommerce store. All you need to do is connect with an eCommerce development agency to get the job done.
2. Customer Support
eCommerce business owners place a high value on customer service. AI is your best option if you want to offer seamless experiences to your customers. Using artificial intelligence, you can provide active customer service by communicating with your customers.
You can integrate AI applications in your Magento store and create a hybrid customer support environment that can handle customer support tasks easily and efficiently when you Hire a Certified Magento Developer. Many companies offer AI integration services. These services enable your company to offer better customer service and better support.
3. Product Recommendation
There are times when your customers or visitors leave your website after visiting for a short time. Their reason for leaving is that they didn’t find anything relevant or worthwhile. If that is the case, you can use AI to recommend products to maximize their on-time and increase their chances of making a purchase.
Technology is here to stay no matter how the world or time changes. Artificial intelligence has transformed the world into a smarter one and given businesses and people faster solutions. Therefore, AI is a more advanced innovation than artificial intelligence.
You can make use of AI to secure your Magento store or can integrate virtual assistant to your platform for seamless experience. Hire Magento Developers now and change the lives of your modern customers in different ways.