HOW AI WILL AFFECT OR CHANGE THE WORLD :
Artificial Intelligence is changing the world in more ways than one can imagine. AI automation has already impacted many lives and the business world. From self-driving vehicles to Siri and Alexa, AI will govern the future. However, there is still a lot of debate going on.
Before understanding what experts say about the technology, let us learn the different ways AI impacts the enterprise sector.
Effective Marketing
Companies in today’s highly competitive market find it hard to spend millions of dollars on social media advertising and marketing. AI-based automation and marketing tools have grown increasingly popular in improving brand awareness. From designing PPC campaigns to targeting the right audience market, AI is the future of marketing.
High-Tech Robotics
AI has already progressed in robot development. Many AI-based robots are widely popular in engineering, manufacturing, and health. On the other hand, advanced robots are helpful for deep earth research, space exploration, and disease control in the medical field.
Improved Medical Care
Advanced AI helps medical professionals identify and treat sickness. When machines diagnose and treat diseases, the death rate will dramatically reduce in the future. AI-powered assistants will help medical professionals complete employee work quickly and efficiently. In addition, it reduces the chances of errors in medical practices.
Different Industries Impacted By Artificial Intelligence
The technological innovator is shaping the world of humanity across every industry. A bunch of industries are changed by the innovation of artificial intelligence tools and algorithms. While some sectors are at the start of their AI journey, many others are veteran travelers. Let’s understand the impact of AI on different industries!
Transportation: AI is facilitating the building of autonomous cars. Although there are still a lot of things that need to be done, we can expect that AI automobiles will one day ferry us from place to place.
Education: Books are digitized with the help of artificial intelligence. From AI facial analysis that understands the emotions of students to create early-stage virtual tutors to help human instructors, artificial intelligence can improve how education is provided to students.
Manufacturing: AI-powered robots work with humans to perform different tasks, including but not limited to assembly and stacking. Predictive analysis sensors help you keep equipment running seamlessly.
Healthcare: With the integration of AI, doctors can predict diseases quickly and accurately diagnose them. This helps doctors and medical professionals to improve how care is provided to patients. Some common use cases of AI in healthcare are drug discovery, virtual nursing assistants, and big data analysis.
Media: Journalism is another field that is harnessing the power of AI. Advanced technology like artificial intelligence is used to quickly analyze complex financial reports and simplify manual tasks.
Customer Service: Last but not least, many enterprises are integrating AI chatbots to improve customer experience. They can quickly make appointments at neighborhood hair salons or resolve their queries rapidly.
But these advancements in AI are just the tip of the iceberg. There is much more to come, as indicated by AI experts.
Tech giants like Microsoft, Apple, Google, and Amazon are spending billions of dollars on AI to create products and services. Universities are making AI a more prominent part of their curricula. All these advancements in artificial intelligence indicate that big things in AI are bound to happen.
In an interview with ZDNet, Andrew Ng, founder and CEO of LANDING AI, said that many companies go through this pattern of winter, winter, and an eternal spring. He further said that we are in the eternal spring of AI today, where businesses are focusing on integrating the tools into their internal operations.
Future Of Artificial Intelligence
Oxford University’s Future of Humanity Institute published AI survey results. The survey “When Will AI Exceed Human Performance? Evidence from AI Experts” indicates that it contains estimates from 352 machine learning researchers about artificial intelligence evolution.
Here is what the survey concludes:
By 2026, machines will be capable of writing school essays, said the median number of respondents.
By 2027, self-driving trucks will render drivers unnecessary.
By 2031, artificial intelligence will outperform humans in the retail industry.
By 2049, AI will be the next Stephen King. In addition, it will be the next Charlie Teo by 2053.
In a nutshell, we can say that artificial intelligence has the power to revolutionize the business world. However, it’s important to understand that AI needs to work with humans to improve business efficiency and productivity.
The prospects for the future of AI are infinite. However, individuals and businesses must understand the pros and cons of AI before implementing technology.
In the next 10 years, it is predicted that advancements in AI technology will continue to allow for a more efficient way of life. Through machine learning algorithms and deep neural networks, AI can also learn how to solve complex problems faster than humans ever could.
