Artificial Intelligence & its impact over economic condition

Artificial Intelligence & its impact over economic condition

             Artificial intelligence is the intelligence displayed by machines as opposed to the natural intelligence displayed by humans and other animals. The research of artificial intelligence in computer science is considered as the study of "smart agents". A smart agent is any plant that tries to achieve its goal by looking at its environment. Colloquially, the term "artificial intelligence / intelligence" is applied when a machine mimics the "cognitive" functions of humans.This function combines with "learning" and "problem solving".

           Artificial intelligence is a branch of computer science that develops machines and software with intelligence.In order to keep the records of Corona now artificial intelligence is being taken up for help.

           The Indian Council of Medical Research (ICMR), which is involved in the investigation of Corona, has resorted to artificial intelligence (AI) for accurate information of records of investigative data.There are different teams across the country, through which this technology will be able to get accurate information about where the situation is. The advantage of this will be that we will be able to easily decide which area needs more attention and what strategy should be adopted there for treatment.The data related to Corona will be better prepared through AI.

• Artificial Intelligence can help businesses in increase sales.
• It helps in detecting fraud
• Artificial Intelligence improves customer experience.
• Artificial Intelligence automate work processes and provide predictive analysis.
• Artificial Intelligence can help health care service providers with better tools for early diagnostics.

Artificial Intelligence is a kind of boon to mankind in  this kind of pandemic situation where economic condition is in critical stage, it is a supportive measure for the betterment of economic condition for any country.It is acting in all aspects whether in field of prevention & cure, business organisations, communities, supply-chain or distribution -management, etc & reducing the human efforts and engagement and setting a benchmark.It must not be wrong to say -Artificial Intelligence is having a great impact in improving economic condition as well as it becomes a supportive tool for the growth & development of mankind.

Effects of mobile technology in economic development

Effects of mobile technology in economic development

Do mobile technology becomes the leapfrog in such developing economy of a country?

Do artificial intelligence can help in developing the economic condition of country?

             Mobile technology is not only capturing the Indian Markets whereas it is making hold all over the world.It is because it doesn't require the physical presence of the person to get enrol everywhere.Mobile technology is the biggest platform for the contribution in Indian economy.Now a days in this pandemic COVID-19 where every country is having a war type situation with an unseen enemy, where it can only be defeated by social distancing and awareness.

           Here mobile technology has been proven as a leapfrog for improving the perishing stage of Indian economy.This pandemic situation has worsen the condition of every individual,businessman,organisations because of complete lockdown.In this situation where no one can easily can share his views or efforts,the technology plays a role in maintaining the healthy relations among the business activities or monetary transactions.Not only this mobile technology is a hub of education, knowledge, views, networking among the peoples and organisation but it also fascilitates by reducing the physical efforts.Now all data has been stored in mobile applications,one can access every relevant information and can be in touch with each other while sitting at home.

 For example :

1. Share market, trading has been done through mobile which is a part of economy.
2. Banking issues and all transactions ,statements, savings & investments everything has been done through mobile.
3. News updates, Mass media communication, Social networking like whatsapp, facebook, instagram, you tube etc are one sort of mobile technology contributing in development of economy.
4. Now in lockdown situation companies are doing webinars, video conferencing, teleconferencing, emails ,newsletters, e-promotion or e-business which is playing a important role in maintaining the balance in economic condition.

        These are some technological boon which is helping mankind in this pandemic situation and providing a trust to go for more better and bright future.