AI Applications and Use cases
AI Applications and Use cases With all the talk about AI, lets try to understand what does AI do? We can generally classify AI applications and tasks into 4 types Prediction Classification Automation Generative Lets Try Understanding these with some real examples we might have come across. Prediction AI When an AI is trained to predict a outcome based on previous occurences, we consider it as prediction AI. Good example of this is many Stock Prediction AIs. Infact my final year project also made use of Prediction AI models to help analyze and predict stock price. We also come across a different type of prediction AI in our day to day life, which we just use the term "algorithm". I'm refering to Social media algorithms. You might have encountered that you watch a certain type of video on youtube or a type of reel on instagram, and after sometime you notice more similar kinds of posts/reels/videos popping up on your feed. This is due to the AI trying to understand what y...