AI Appreciation Day: Closing the Doors of Impossibilities to Unlock the Doors of Endless Possibilities

AI has a subset of program widely known as Machine Learning, through which computers can learn the ways to identify patterns and make predictions by running data through algorithms repeatedly with varying inputs and feedback. The day aims to aware and inspire how it can be used in a thoughtful way to widespread information on balancing the benefits along with the need for ethical oversight.

According to Sumit Nigam, CTO, Perfios, “The world as we know it today—how we transact, communicate, and interact—is fundamentally shaped by technological advancements. In the last two decades, India has become synonymous with Information Technology (IT) infrastructure, and the world currently looks up to us for their IT needs. We have come a long way from where we started; from a technology support developing nation, to now an economic powerhouse that is at the forefront of developing and utilizing a diverse range of emerging technologies. For instance the resounding success of Unified Payments Interface (UPI) has echoed worldwide, and advancements in financial technology are revolutionizing the landscape by digitizing finance, improving access to financial services, and providing innovative solutions like account aggregation and personal finance management. All these transformative changes are a result of the successful development and implementation of emerging technologies.

On AI Appreciation Day, we celebrate the remarkable advancements in Artificial Intelligence that are shaping our world. AI enhances our daily lives in many ways, from powering smart technologies to improving healthcare and driving innovation across different industries; and this is just the beginning. The ongoing development of AI is vital for economic growth and societal progress. Today, we reflect on AI's potential to solve complex global challenges and transform our future.

As we celebrate the progress made, we must also remember the importance of ethical development and responsible use of this technology. AI has the potential to drive greater inclusion, providing opportunities and access to technology for all, regardless of socioeconomic status. By working together, we can ensure AI continues to benefit humanity in meaningful and profound ways.”

AI: A New Testament of Modern Living

Artificial Intelligence is standing on few pillars like Machine Learning, Deep Learning, and Data Analytics. The advanced system of AI works with vast amounts of data, identifying patterns and relationships which humans may miss. Machine Learning, trains the algorithms to make the forecasting or predictions and categorize the information based on that. Another exciting tool of AI is Natural Language Processing (NLP) which is the harbinger of interpreting the Human language and enables machines to analyze visual information from images and videos. AI has transformed and redefined the robotics and further AI powered robotics enables machines to interact with the physical world.

From education to healthcare, retail to real estate & interior design, banking & finance to logistics, AI has redefined each sector weaving up the golden era of modern living. In every business, through the addition of personalization, AI has transformed user experience by significant value, tailoring interactions and services to individual preferences.