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AI-Based Real-Time Problem-Solving Using Smart Technologies

In: AI in Finance Shaping the Future of Intelligent Automation and Financial Services

Author

Listed:
  • Nahita Pathania
  • Balraj Singh
  • Isha Batra

Abstract

The increasing rate of development of smart technologies has highlighted effective scheduling algorithms as a solution to the real-time problem-solving aspects of the cloud. Smart technology where real-time problem-solvers develop solutions is a high-performance ecosystem driven by the Internet of Things (IoT), artificial intelligence (AI), and the cloud. At the core of these systems are resource allocation and scheduling algorithms that optimize performance, minimize latency, and ensure efficient operations. Common scheduling algorithms are crucial for dynamic environments with changing constraints because they allow for high-fidelity decisions in applications ranging from autonomous vehicles and healthcare monitoring to industrial automation. Those systems demand that tasks be completed within milliseconds, which calls for algorithms that can handle real-time task execution and task prioritization according to set criteria. Moreover, IoT applications are complemented by cloud computing, which offers scalable infrastructure to process and analyze large volumes of real-time data. While these benefits exist, there are still challenges regarding conflicting scheduling objectives, such as latency and energy constraints. Smart technologies, IoT applications, and cloud environments may implement scheduling algorithms to optimize resource allocation and decision-making, focusing on providing efficient services to end users. These algorithms have had a transformative impact across industries, with case studies available in healthcare, industrial automation, smart cities, transportation, etc. AI-enabled routing, edge computing, and ethical governance frameworks are just a few of the features that will enhance the efficiency and scalability of real-time smart systems.

Suggested Citation

  • Nahita Pathania & Balraj Singh & Isha Batra, 2026. "AI-Based Real-Time Problem-Solving Using Smart Technologies," World Scientific Book Chapters, in: Krishan Arora & Himanshu Sharma (ed.), AI in Finance Shaping the Future of Intelligent Automation and Financial Services, chapter 11, pages 243-255, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9781800618428_0011
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    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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