Artificial intelligence, is machine intelligence. Unlike that of animals or humans, Artificial intelligence is anchored on human innovation, creativity, the invention as well as knowledge. These machines are programmed to think and process data like humans. These machines possess some traits like problem-solving and learning akin to those of a human mind.
Types of intelligence
Artificial intelligence is a broad area with several types. One primary example of artificial intelligence is reactive machines. Some simple models of AI systems are reactive, and cannot form memory or use previous experiences to guide current decision-making. The best examples of reactive machines are Deep Blue that could only recognize some pieces of a chessboard and movements of each piece.
Limited memory is a type II class of artificial intelligence. These machines have limited memory, but they can look at things happening at the back. Alternatively, these machines can reflect things that are happening behind them. A self-driving car is a typical example of machines that use limited memory. Self-driving vehicles will monitor things like the direction and speed of other cars behind them. Manufacturers of self-driving cars program these vehicles in such a way they can understand the world and know appropriate actions to take.
Theory of mind is another type of artificial intelligence that is likely to help humankind develop advanced machines in the future. It is considered a divide between the current machines and the ones the world will have in the future that are likely to be more advanced. They will be able to know the thoughts, emotions, or feelings of people.
AI is helping the world create machines that have self-awareness. Some of the conventional products of AI include robots. Robotics entirely uses AI to manufacture robots that act like human beings. Vacuum cleaners are some basic examples of AI products that have a sense of self-awareness and intelligence that allows them to perform their duties.
Other articles
WHY DO YOU NEED FLASH REPORTS?
Simplify your decision-making process and your life will get simpler. Insight: In many organizations, the production of any quick management report is very difficult. The creation of these reports may require a considerable amount of labor time as well as tedious...
HOW TO DEVELOP THE BEST PRICING STRATEGY?
Having a rock solid strategy is easier than you think. Insight: There are multiple pricing structures and strategies available to implement. For instance, a smaller company with hopes of integrating a larger market may engage in price penetration strategies. With this...
DIRECT vs. INDIRECT COSTS EXPLAINED
The cooperation between Water and Sand is why we love the beach. Many organizations use erroneous formulas or the wrong approaches when classifying which costs are direct and which are indirect (overhead/fixed). This creates a significant managerial problem because...
DEVELOPING ACCOUNTS RECEIVABLES COLLECTION SYSTEM
Every company survives because of the income it receives from selling its products or services. Sounds obvious, right? Perhaps not. Many companies are in such a hurry to “make the sale”, that the correct amount of preparation and forethought is not undertaken when...
INVESTMENT ANALYSIS EXPLAINED
The Investment Analysis provides the answers to support an infusion of new of capital. It also determines your capacity to repay it if it is incurred as debt. FACTS: Most businesses do not possess the required tools and resources to evaluate properly their...
UNDERSTANDING FINANCIAL RATIOS
Ratios are the Key Performance Indicators (KPIs) of a company and are divided into four sections: 1. Liquidity Ratios 2. Profitability Ratios 3. Financial Leverage Ratios 4. Efficiency Ratios Liquidity Ratios Working Capital Definition: The amount of capital available...