Introduction:
Artificial intelligence (AI), sometimes called machine intelligence, is an area of computer science that emphasizes the creation and development of intelligent machines that works and reacts like humans. So, when a machine mimics a human mind by thinking for itself, it is known as Artificial Intelligence. Some of these activities are - Learning, Speech recognition, Perception, Planning, Reasoning, Problem solving and also the ability to operate and move objects around.
John Mc Carthy is considered one of the founding fathers of artificial intelligence along with Alan Turing, Marvin Minsky, Allen Newell and Herbert A Simon. It is Mc Carthy who had coined the term Artificial Intelligence in 1955 and organized the famous Dartmouth conference in summer of 1956. However intelligent robots and artificial intelligence made their first appearance in the ancient Greek myths of Antiquity. Aristotle's development of the syllogism and its usage of deductive reasoning were presumed to be a key moment in mankind's quest in understanding its own intelligence. While the roots penetrate longer and deeper, the history of artificial intelligence as we think of it today spans less than a century.
Artificial Intelligence is now used in various fields, providing an accurate, efficient and performance oriented system. Agriculture and farming, security and surveillance, production and manufacturing, banking, healthcare and supply chain management are some of the areas where AI has made significant impact.
This story is from the January 2021 edition of BANKING FINANCE.
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This story is from the January 2021 edition of BANKING FINANCE.
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