Smart Machine

Whenever you hear the word ‘Smart-Machine’, the first thing that comes to your mind is a computer. However, apart from a computer, the list of smart machines includes numerous other devices. The reason why these devices are known as smart machines is they too own a brain and a memory like a human being. We have smart machines installed in almost every corner of the house, office, schools and colleges.

Smart Machine in your house

Starting from your cell phone and your laptops, various other gadgets fall under the category of smart machine, for instance, the air conditioner, television, audio tape, hot water heater, burglar alarm, fluorescent lights, garage door opener, porch lights and the programmed lawn sprinkler. In case you own any of these above listed electronic appliances, you can surely call your house a smart house.

Smart Machine in your kitchen

Without a doubt, kitchen is the most important part of the house. To make your kitchen highly sophisticated, you surely need to opt for smart machines like a dishwasher, electric iron, microwave over, toaster, coffee maker, exhaust fan, can opener and obviously an automatic clothes dryer and washer. Although, most people own these equipments, very few know that they are actually smart machines.

Smart Machine in Transportation

You also need to know that the transportation system too uses numerous smart machines in order to make your journey a simple and an exciting one. The traffic control system, navigation system and engine controls used in the air transportation are all examples of smart machines. Similarly, land and sea transportation too uses these smart machines.

Smart Machine in your Car

You regularly drive your car to office, but you may hardly be aware of the fact that your car has various smart machines that allow you to take complete control of the car. Some of these machines include headlight dimmer, air conditioner, passenger space heater, anti-skid, automatic choke and map tracker. Moreover, some cars also have smart machines that constantly monitor the safety of the driver while he/she is driving.

The list does not end here. Various other fields such as schools, public offices and defense use highly sophisticated smart machines. Centuries ago, animals were responsible for powering numerous machines. Gradually the automated machines completely replace the animals. As a result, one was able to get the desirable results much quicker by putting in least amount of efforts. Smart machines have truly made life much easier. There was a time when you had to spend hours standing in a queue to get your movie tickets. However, you can now do the same with just a couple of clicks. You would definitely not like to image what life would be like without these amazing smart machines.

Role of Smart Machine in Business:
A broad discipline that materializes the stimulation of multiple in-built human skills is known as Artificial Intelligence. These skills include automatic programming, decision making, case-based reasoning, language processing and pattern and speech recognition. The system where this Artificial Intelligence is used to get the desired result is known as a Smart Machine.

Knowledge and intelligence are the most fundamental factors of an advanced formula. Artificial Intelligence is no exception. Now, it is widely used in all kinds of problem-solving and decision-making technologies. Indirectly, it helps to modify all major business applications. The real-time business applicability of this technique is spread over finance management to production department.

Origin of Business Usage:
From the age of early eighties, Artificial Intelligence is used in various business applications. It generated a lot of interest at the beginning, but did not continue for long. However, with the introduction of web-dependent companies, Artificial Intelligence started to regain its value in the market.

The mechanical computations of programming language initially required many manipulations to make the Artificial Intelligence system fit into it. Later on, it became acceptable. After which, it became the most suited and preferred method of performing the tasks that are usually monotonous and complex. Computers can also face problems in comprehending some situations and adapting to it. Artificial Intelligence helps in tackling such situations.

Usage in Financial Services:
Smart machines have become indispensable in financial services. Advanced Artificial Intelligence based technologies are delivering positive results in transaction-oriented jobs. It is widely taken in some areas of risk management, security trading and monitoring.

Sometimes the usage is extended to CRM (Customer Relationship Management). There are some tangible benefits also. It reduces the risk of fraud, increases the revenues from existing clients due to new opportunities and avoids the penalties from averted security.

If a machine is able to go through the intricacies, then the amount of errors will decrease. At the same time, the productivity increases with error-free qualities. The cost of the maintenance for Artificial Intelligence system is nominal, so it is used in stock trading also.

Certain applications of Artificial Intelligence are as follows:

1. Screening authorization of credit holder
   
2. Assessment of mortgage risk
   
3. Bidding strategy
   
4. Management of financial projects
   
5. Economic and financial forecasting
   
6. Bankruptcy and default prediction
   
7. Security and portfolio management
   
8. Financial investments
   
9. Detection of security price fluctuations
   

In case of fidelity investments, the stage is set by description of traditional stock trade that is different from Artificial Intelligence installed trading. There are many further solutions available in the market.

Usage in Marketing:
Modern smart machines can interpret customers and their buying behaviors in a quick way. The computerized networks gets stimulated in the same way as human brains generate thoughts or rather solutions to any particular problem.

Artificial Intelligence enhanced analytical programs are used in pharmaceutical companies for comprehension of CRM. Scientific research oriented companies use it in analysis of genetic disorders and other problems. Sometimes, these companies provide continuous proposals of strategic change to the management in order to maximize the revenue generation.

Usage in HR:
In the era of knowledge economy, managers play a key role in determining a company’s competitiveness. To keep a track in the fast developing technologies, Artificial Intelligence plays an important role in HRIS (Human Resource Information System).

It has the characteristics of learning and training those into a new system. The accurate judgment in any performance is often not possible by human brain. Artificial Intelligence solves this crisis. There is also a scope of evaluating managerial skills of individual employees. The complete network constructs the model of evaluation and applies accordingly.

Conclusion:
The general relevance of AI has already received a deep positive impact in the business sector. Certain difficulties in business and industrial problems have a helping hand through Artificial Intelligence.

According to studies, the directions of Artificial Intelligence have a prominent effect on the encouragement of work based on applications. This has a business benefit to a great extent. It has been led to some idea of robotic domestic workers that can fetch the companies as well as human beings an unthinkable progress of technology and comfort. This can create a positive impact even in the business sector.

Smart Machines and Their Applications in Engineering and Education Sector:

Mechanization of things is done by machines and not by hands. The technique involves both manually operated machines that are operated by hand and smart machines.

Smart machines such as computer-controlled machines are very useful to society these days. These machines can be remotely controlled as much of technology in all smart machines is same and many such machines come with fully automatic mode.

Smart machines are automatic machines that do not need any human being to operate them. Automatic machines perform skilled jobs by producing, designing and maintaining smart machines.

Smart machines have more complex designs than the non-automatic machine designs. There are many types of smart machines available in both big as well as small sizes.

Such machines are not like artificial people, but are created by people and for the people. These machines are created out of brains, money and passions of intelligent people. Smart machines have an effect on jobs, money, markets, education, war and health.

There are many smart machines around you such as the mobiles, TV, cameras, computers, alarm clocks, air conditioners and many more.

Applications of Smart Machines In The Field Of Engineering:

In the field of engineering, three types of smart machines are used namely:

1. Computers
2. Research and development test equipment
3. Drafting machines for computer

Computers in engineering are used for calculations in mathematics. Computers also determine proportions, dimensions, and performance of products and their components. They are also used in preparing and drafting manufacturing data.

The output given by computer is in the following forms:

1. Graphs
2. In form of big multi-colored drawings that have fine details, accuracy and are much fine-looking.
3. In addition, there are small drawings available that have fine details and great accuracy.

These drawings are created on computer-controlled machines known as plotters. The output provided by computer assists the company in knowing how to manufacture the product in the most appropriate way. Drafting means the modification of designs created previously.

Design drafting means preparing correct and accurate images that are photographically produced on the product. Different design drafting have different features. In some conditions, a basic picture drawing is copied several times in same products as on memory chips of computer. Some types of design drafting do not have large pictures on them, but are schematic having electrical diagrams and graphs.

Computer drafting not only saves labor, but also saves lots of time. Some of the computers have programs that directly produce designs. Some of the programs are as follows:

1. Computer Aided Designing (CAD)
2. Computer Aided Engineering (CAE)
3. Computer Aided Manufacturing (CAM), this is used largely in the manufacturing processes
4. CAM combined with CAD
5. Computer Integrated Manufacturing: This is used in the inventory, shop orders, cost reporting and work reporting processes.

CAM, CAE and CAD are not cheap. These programs require computer software, computer hardware and computer training if people want to make use of them. Large-scale companies give tough competition to small companies in subject of capital requirements.

Smart Machines in Education:

During the nineteenth century, there was a craze among people to create teaching machines. In fact, wide varieties of electro-mechanical machines were created to serve the purpose. A matter in printed form was created that had a system of questions, short expositions and answers used to teach people. Advantage of a machine teaching is that it can teach different subjects at different time intervals.

Next, pocket calculators were created that made manual and mental arithmetic unnecessary. They are fast, cheap, accurate and available everywhere. They save the time that is spent in learning tables and this time can be used for studying other things.

Development in Artificial Intelligence has resulted into an in-depth understanding as how to symbolize knowledge and to depict practical knowledge. In fact, development in the field of cognitive science these days has made it easy to understand as how people imagine, tackle problems and study.

Artificial Intelligence researchers make use of results obtained from cognitive science to develop software with better humanlike capabilities that can aid students to learn in a better and successful way.
Thus, smart machines have revolutionized the engineering and education industry to a great extent.