Qualities of artificial intelligence:

AI generally is thought to refer to “machines that respond to stimulation consistent with traditional responses from humans, given the human capacity for contemplation, judgment and intention. According to researchers Shubhendu and Vijay, these software systems “make decisions which normally require a human level of expertise” and help people anticipate problems or deal with issues as they come up. As such, they operate in an intentional, intelligent, and adaptive manner.

Applications in diverse sectors:

AI is not a futuristic vision, but rather something that is here today and being integrated with and deployed into a variety of sectors. This includes fields such as finance, national security, health care, criminal justice, transportation, and smart cities. There are numerous examples where AI already is making an impact on the world and augmenting human capabilities in significant ways.

Finance:

Investments in financial AI in the United States tripled between 2013 and 2014 to a total of $12.2 billion.According to observers in that sector, “Decisions about loans are now being made by software that can take into account a variety of finely parsed data about a borrower, rather than just a credit score and a background check.”

Health care:

AI tools are helping designers improve computational sophistication in health care. For example, Merantix is a German company that applies deep learning to medical issues. It has an application in medical imaging that “detects lymph nodes in the human body in Computer Tomography (CT) images.

Transportation :

Transportation represents an area where AI and machine learning are producing major innovations. Research by Cameron Kerry and Jack Karsten of the Brookings Institution has found that over $80 billion was invested in autonomous vehicle technology between August 2014 and June 2017.