How is AI Used Today? – Analytics Insight

by Analytics Insight March 11, 2021

Artificial intelligence is set to be the future of humanity and the next step in our evolution. Even though many people oppose it, there are many that support it as they claim that it can provide us with the tools to make our lives better.

Researchers have invested billions of dollars in this industry and many innovators and investors who are hoping to have their names written in history are more than happy to fund these researches. Even though we are a long way from having a good AI system that can help us in our everyday lives, some basic forms of it are present. That is the topic that we wanted to discuss in this article. We are going to name some AI systems and try to explain how they work.

Forex Signals – Stock Trading

Forex signals are very beneficial for people that are trading online. By definition, a forex signal is a recommendation that tells forex traders when to enter the market, whether to buy or sell shares and how much profit can you generate. There are two types of forex signals, manual and automated.

Since the main topic of this article is AI, we are only going to focus on automated forex signals. Automated forex signals are AI software that use algorithms to recommend trade ideas based on market fluctuations and historical trends. These signals are also known as forex robots and they analyze technical indicators with a high probability of success.

To find the best-automated forex signals, you can use communication apps. There are various free forex signals telegram groups in which you are provided with the best forex signal apps. After you register, you receive several signals a day.

Random Number Generators – Online Gambling

Next up, we have the gambling industry which enforces fair-play through the use of AI. Random Number Generators are AI software that enforces fair-play by creating random outcomes of each game. Each player that accesses a certain game of luck on these sites is protected and has equal chances of winning a prize with this software.

SSL-Encryption Software

SSL-encryption software is used by all sites, especially those that deal with online transactions. This AI-powered system protects the sensitive data from the users by turning it into an unbreakable code. In doing so, unwanted third parties have no chance of gaining access to this information.

Being protected online is a massive feature these days and that is exactly what this software provides you with. As you may know, one of the biggest disadvantages that came with the Internet is online scams. Each day, thousands of people around the world are scammed and robbed, and authorities cannot take any action.

This software ensures the safety of the people in the online world, especially those who leave sensitive data such as card details.

Crypto Trading Sites

Finally, we wanted to mention cryptocurrencies and trading sites which are used to trade crypto with other people. As you may know, cryptocurrencies, especially Bitcoin have managed to revolutionize the financial industry by providing people with a payment method that makes FIAT currencies look obsolete.

They provide people with instant transactions, a certain level of anonymity, but most importantly, they can make them a handsome profit. After traders earn cryptocurrencies, they turn to trading sites to sell them. These trading sites have an AI-powered system which is similar to the aforementioned forex signals.

The AI system analyzes the market and takes all the data about a certain cryptocurrency, After the data is analyzed, the system makes accurate predictions on how will the price of the cryptocurrency fluctuate in the near future. In doing so, traders know when is the best time to sell their assets and maximize their profit.

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Analytics Insight

Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.

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