READ: How AI can help detect cancer and why India’s biggest cancer treatment hospital is utilising it (indianexpress.com)

Utilizing artificial intelligence (AI) Mumbai’s Tata Memorial Hospital (TMH), the biggest cancer hospital in India, established a ‘Bio-Imaging Bank’ for early-stage cancer detection; utilizing deep learning to craft cancer-specific tailored algorithms and recognizing unique features associated with various cancers.

                   BASICS/LEARNING  FROM HOME

Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans. It aims to improve machine behaviour in tackling complex tasks.

Some of the activities computers with artificial intelligence are designed for include:

Speech recognition

Learning
Planning
Problem-solving

        
                         AI USE  

Healthcare
AI has been particularly useful in the healthcare industry because it generates massive amounts of data to train with and enables algorithms to spot patterns faster than human analysts; can be used to organize bed schedules, make a staff rotation, and provide medical information and diagnosis.

Medecision developed an algorithm to detect 8 variables in diabetes patients and determine if they require hospitalization. 

Entertainment
A familiar application of AI in everyday life is seen with services like Netflix or Amazon, wherein algorithms analyze the user’s activity and compare it with that of other users to determine which shows or products to recommend. The algorithms are becoming intelligent with time—to the extent of understanding that a user may want to buy a product as a gift and not for himself/herself, or that different family members have different watching preferences.

Finance
Financial services companies use AI-based natural language processing tools to analyze brand sentiment from social media platforms and provide actionable advice.

Fraud detection is an important application of AI in financial services. For example, Mastercard uses Decision Intelligence technology to analyze various data points to detect fraudulent transactions, improve real-time approval accuracy, and reduce false declines.

Data security

Cyber attacks are becoming a growing reality with the move to a digital world.
There are also concerns about AI programs themselves turning against systems. Automatic
exploit generation (AEG) is a bot that can determine whether a software bug, which may cause security issues, is exploitable. If the bot finds a vulnerability, it automatically secures it.

 AEG systems help develop automated signature generation algorithms that can predict the likelihood of cyberattacks.

Manufacturing

AI algorithms can influence the manufacturing supply chain by detecting the patterns of demand for products across geographies, socioeconomic segments, and time, and predicting market demand.

Automotive industry

Tesla introduced TeslaBot, an intelligent virtual assistant that allows users to interact with their car from their phone or desktop. Uber AI Labs is working on developing self-driven cars with the help of the best engineers and scientists.