An artificial intelligence refers
a machine with the
ability to perform conscious mental processes or cognitive
functions. Human consciousness divided into three parts by Freud-the conscious,
preconscious and unconscious. There are different levels of artificial
intelligence: Narrow Artificial Intelligence, General Artificial Intelligence
and strong Artificial intelligence.
Narrow Artificial Intelligence: Narrow Artificial intelligence
means when an artificial machine can perform a specific task better than humans
by consuming less time and efforts.
General Artificial Intelligence: As the name suggests artificial intelligence
reached with
the general state when an artificial machine is able to perform, an intellectual task with
accuracy similar to human accuracy level.
Strong Artificial Intelligence:
An artificial intelligence known as strong artificial intelligence when
an artificial machine beats human in a specific task or where a human is
not able to perform that particular task.
In these days, artificial
intelligence used in all most industries. Artificial intelligence has ability to
create $600 billion of value in retail and as compared to other Analytic
techniques it bring 50% more incremental value in banking.
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