Have you ever envisaged a robot walking right into your room and serving you with bed coffee? Have you ever visualized a world where robots are found extensively doing household, cooking, driving, working doing everything? You would be awestruck right. The question is no more what-if. The question is now just from when. Because we are using AI and machine learning in almost everything we do these days.

Our life is predicted and determined by data. Data science is the sovereign of the planet now. We have already started using AI in our day to day life like ALEXA of Amazon, Google assistant, etc. Personal robots have been fabricated to even do your domestic chores. So the day is not far that the sphere will be filled with and lead by Artificial Intelligence and machine learning.

Now, let's take a deep insight into how technology and AI affect business and dominate the earth. AI is a tool used for integrating, analyzing and interpreting the data collected from human beings.AI depends totally on data analytics. Greater the data source, wider will be the efficiency of Artificial Intelligence. AI works in coordination with machine learning and data science.

Machine learning is a process that helps in screening the ample data collected and in the final decision making. Machine learning works with the concept of self-teaching. When a wrong decision is made, it corrects itself where the data gets stored and the mistake is rectified through self-teaching where the data is collected in the form of satellite images, texts, voice instructions, algorithms, structured and unstructured data.

Applications of AI and Machine learning in the current world

AI systems can achieve compliance as they are involved in decision making. Since they have the ability of self-teaching, they are proficient enough for storing the mistakes in memory and will not repeat it again unlike humans. AI is already applied in the field of healthcare, business, finance, transportation, national defense, etc.

A report by McKinsey Global Institute study of China states that Artificial Intelligence automation can make the rise in the economy of China by 0.8 to 1.4 % points to GDP growth annually.

Even in the stock market, decision making by high-frequency stock exchange machines takes place without human intervention.

"Project Maven" by American military uses AI in surveillance and as a tool for the alert.

It is also used in health care in CT (Computer Tomography) scans in detecting lymph node which was invented in Germany.

They are found creating SMART cities through Artificial Intelligence with robots like SOFIA, the first robot citizen, in Saudi Arabia.

AI can be used in education to determine the study plan, analyze test results, etc.

Legal firms use Artificial Intelligence, J.P. Morgan, for example, uses a software program dubbed COIN (Control Intelligence) to review documents and previous cases in seconds that would actually take 360,000 hours

AI robots in factories may reduce accidents and improve automation.

Issues related to AI and Data Science

As now AI and machine learning works based on the concept of data analytics here comes the problem related to data collection.

Can all the data be collected without privacy issues? But to which extent?

Reports suggest that countries that provide open data source have a greater advantage in AI. In this case, studies by McKinsey Global Institute shows that the US takes a better position than China. In a country like India, where the whole country depends on manpower, the introduction of AI may lead to unemployment in most parts of the state. Proper education about using Artificial intelligence is required as it may lead to serious and heavy destructions too.

As the world is driven by technology and moving towards progress, there is a true possibility that the planet may be lead by Machine learning and Artificial Intelligence in the near future. The potentiality of this process has to be used efficiently and effectively to an extent that increases the welfare of the continents.