| | June 20188CIOReviewIN MY OPINIONe hear a lot about Artificial Intelli-gence or AI now-adays, but what is it exactly about? In very simple terminology - Artifi-cial Intelligence (AI) is imitating or replicating the intelligent processes carried out by humans, now to be done by machines, especially com-puter systems. Some of the activities these systems with artificial intelli-gence are designed for include:· Image Recognition & action· Speech Recognition & action· Learning· Planning· Problem solving· Automation of decision makingFrom SIRI to Alexa to self-driv-ing cars, artificial intelligence (AI) is expanding and progressing very rapidly. Nowadays science fiction often portrays AI as robots with hu-man-like characteristics and features; AI can comprise of anything from Google's search algorithms to IBM's Watson to autonomous weapons - lot of our everyday life revolves around artificial intelligence.Individuals from different streams term artificial intelligence with different names, e.g. machine learning, robotics, etc., but all these artificial intelligence techniques fall under specific categories - they can be categorized in multiple ways, but majorly fall under 2 categories:All the artificial intelligence which we use or go-through today in our daily lives is properly known as narrow AI (or weak AI), in which it is designed to perform a narrow task. E.g. -facial recognition, internet searches or driverless cars.However, the long-term goal of AI-IT specialists is to create a strong AI. Strong AI, also known as Arti-ficial General Intelligence (AGI), is an AI system with generalized hu-man cognitive abilities so that when presented with an unfamiliar task, it has enough intelligence to find a solution. While narrow AI may outperform humans at whatever its specific task is, like playing chess or solving equations, AGI would outperform humans at nearly every cognitive task.Examples of AI Technology:· Machine learning ­ computer sci-ence of making a computer act with-out doing the normal day-to-day pro-gramming. Deep learning, a subset of machine learning, can be consid-ered as the automation of predictive analytics or to build a system of auto-mated decision making.· Image recognition / machine vi-sion is the intelligent way of making computers see objects and images. WBy Goutam Datta, Vice President - Technology, ICICI Lombard ICICI Lombard GIC Ltd. is one of the leading private sector general insurance companies in India. The company issued over 17.73 million policies and settled over 2.18 million claims as on March 31, 2017.The ImpactfulArtificial Intelligence
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