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International Journal of Trend in International Journal of Trend in Scientific Research and Development (IJTSRD)Research and Development (IJTSRD)
International Open Access JournalInternational Open Access Journal | www.ijtsrd.comwww.ijtsrd.com

ISSN No: 2456 ISSN No: 2456 - 6470 | Conference Issue – ICDEBIICDEBI-2018

INTERNATIONAL CONINTERNATIONAL CONFERENCE ON DIGITAL ECONOMY AND FERENCE ON DIGITAL ECONOMY AND

ITS IMPACT ON BUSINESS AND TS IMPACT ON BUSINESS AND INDUSTRYINDUSTRY

Organised By: V. P. Institute of Management Studies & Research, SangliOrganised By: V. P. Institute of Management Studies & Research, SangliOrganised By: V. P. Institute of Management Studies & Research, Sangli

Artificial Intelligence ficial Intelligence & its Role in IndustryIndustry

Mrs. Jyoti M BohraMrs. Jyoti M Bohra, Ms. Bhagyashri G Joshi
Assistant Professor,Assistant Professor, V. P. Institute of Management Studies & Research,Research,
Affiliated to Shivaji University, to Shivaji University, Sangli, Kolhapur, Maharashtra, IndiaMaharashtra, India

ABSTRACT Advantages:
In today’s digital era “Artificial intelligence” has been In today’s digital era “Artificial intelligence” has been 1. Chances of error are almost nil and greater Chances of error are almost nil and greater
used in nearly all industries. AI has many applications used in nearly all industries. AI has many applications precision and accuracy is achieved.ion and accuracy is achieved.
in various different sectors like healthcare, aviation, sectors like healthcare, aviation, 2. Space exploration
IT, manufacturing etc. AI helps in reducing human IT, manufacturing etc. AI helps in reducing human 3. Fraud detection in smart cardFraud detection in smart card-based syst
errors, risks, best results with accuracy, does risky errors, risks, best results with accuracy, does risky 4. Digital assistants
and/or hazardous jobs like bomb defusing, saves and/or hazardous jobs like bomb defusing, saves 5. Diligence
training cost. But at the same time AI has few risk training cost. But at the same time AI has few risk 6. Repetitive and time-consuming tasks efficiently.consuming tasks efficiently.
factors like human intelligence can be replicated up to an intelligence can be replicated up to 7. Intelligent machines can be employed to do Intelligent machines can be employed to do
certain limit only, lesser jobs, hurt learners, affects certain limit only, lesser jobs, hurt learners, affects certain dangerous tasks. They can adjust theirertain dangerous tasks. They can adjust their
c
human thinking powers. p
parameters such as their speed and time, and be arameters such as their speed and time, and be
made to act quickly, unaffected by factors that ade to act quickly, unaffected by factors that
m
KEYWORD: Artificial Intelligence, Healthcare, , Healthcare, affect humans.
Manufacturing, IT. 8. Surgery simulators use machine intelligence in Surgery simulators use machine intelligence in
training medical professionals. AI can be used to raining medical professionals. AI can be used to
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simulate brain functioning, and thus prove usefimulate brain functioning, and thus prove useful
INTRODUCTION s
“Artificial Intelligence” as its name says its “Artificial Intelligence” as its name says its non- i in the diagnosis and treatment of neurological n the diagnosis and treatment of neurological
natural intellect. If needs to be explained in simple natural intellect. If needs to be explained in simple p
problems. As in case of any other field, repetitive roblems. As in case of any other field, repetitive
words, it’s just a work done by machines but by words, it’s just a work done by machines but by or time-consuming tasks can be managed through consuming tasks can be managed through
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applying intelligence like humans do. As this applying intelligence like humans do. As this the application of artificial intelligence.he application of artificial intelligence.
intelligence is not natural like humans do have, we intelligence is not natural like humans do have, we 9. Robotic radio surgery helps achieve precision in helps achieve precision in
call it as artificial intelligence. This intelligenccall it as artificial intelligence. This intelligence is the radiation given to tumourstumours, thus reducing the
added by humans in machines for accomplishing added by humans in machines for accomplishing damage to surrounding tissuesamage to surrounding tissues
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certain tasks. Through this intelligence machines can telligence machines can
perform learning, planning, problem solving, learning, planning, problem solving, Drawbacks of AI:
perception, manipulation, cognitive abilities etc.perception, manipulation, cognitive abilities etc. 1. Over human intelligence and thinking powerOver human intelligence and thinking power
2. unemployment
Broadly AI has two two major types, 3. over human physical healthover human physical health
1. Narrow AI. 4. voice recognition issues
2. General AI. 5. over young generation and children's mental and over young generation and children's mental and
physical growth
Narrow AI also known as Weak AI is focused on one Narrow AI also known as Weak AI is focused on one 6. machine/techno dependencymachine/techno dependency
narrow task. General AI also known as Strong AI or narrow task. General AI also known as Strong AI or 7. resources(like electricity)
Full AI, where machines will have ability to perform Full AI, where machines will have ability to perform 8. machine will rule human and will not take any machine will rule human and will not take any
general intelligent actions. i input from human even in most critical decisionsnput from human even in most critical decisions

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