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Artificial Intelligence Role Increasing

SWS finds that Artificial intelligence (AI) role in many sectors are increasing.
It can generate X¬ray reports at Max Healthcare. This evolving tool — in beta stage at present — is being programmed with radiologists' know how, by scanning millions of patient records. Healthcare AI can diagnose, assist with medication reminders and even develop treatment pathways for diabetes or cancer. In not so distant future, "machines could ease pain for doctors to sift through past records (which machines will do) and focus more on critical healthcare needs," At Max hospitals which is beta testing machine applications, AI algorithms are tested by radiologists and tweaked if need be to improve their knowledge. Machines have comprehension issues with typographical errors, colloquial interactions and languages other than English or Hindi.
On PolicyBazaar.com, almost 70% of motor insurance policies are sold by bots. It will soon start automating sale of health, term and other policies.  HDFC Bank products such as 'loan in 10 seconds' are processed by machines. HDFC Bank machines have journeyed from assisting humans by sending alerts to taking over repetitive processes such as monthly account balance updates or cheque book requests. Today, they can check on loan eligibility or create a risk profile of a customer. Processing loans, which took at least two months earlier, is now done in seconds, minutes or just a couple of days. The bank's AI chatbot, Eva, has already handled more than five million queries with 85% or higher accuracy.

At travel platform Ixigo, bots handle most queries without people realising. Machines are adept at checking chances of a waitlisted ticked being confirmed, lowest fares, best time to book tickets and so on. There's no human involved at any stage.
Apollo Munich, Birla Sun Life, ICICI Lombard GIC, Maruti, Yes Bank and many others are actively using AI in daily business — improving productivity and scale.
Analysts predict that by 2020, AI technology will be virtually pervasive in almost every new software product and service. There are certain limitations to a machine that is not human, neither a clone, but a very clever software. It can mimic basic functions and is good at repetitive tasks, but need a lot more time to fathom the complexity of human interactions. The PolicyBazaar AI tool — based on Google platform API.ai and rebranded as Dialogflow — works well in English and Hindi but not regional languages. The insurance platform has now started training it in Tamil, Telugu and Malayalam.