Artificial Intelligence (AI) technology is persistently growing and the adoption of this leveraging technology is also getting the impetus. Industries have been looking for the applications powered by AI to help them in their digital transformation. Of late, there are many other businesses, especially smaller ones, are unable to gauge the advantages of AI implementation. There are lots of benefits of AI in your business decision making and it has implicit to transform the businesses by streamlining their operations to decision making.
The technology has been advanced into various industries and transformed. Many industries are reaping the benefits of AI. Let’s have a look at the following 10 industries and how AI could transform.
Education can be greatly benefited from AI. The technology will impact educations in many ways including assisting in the learning programs, games and software. The technology could improvise the entire educations process from classroom to issuing certificates to students.
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Through various applications powered by AI will help the students as well as the institutions to transform their activities and achieve excellence in their practice. AI tutors could be another option which will give a big room for students to improve their learning by following these tutors powered by AI.
2. Smart City
A smart city is not possible without implementation for smart technologies making life simpler. Proponents claim that AI would transform the smart cities and the technology would be used in the water supply, power supply, public safety, surveillance, and security. These services will be improved due to the cloud infrastructure, use of sensors and implementation of advanced data analytics.
3. Business Intelligence
AI will play a big part in the future of business intelligence as AI brings predictive features in this industry. The applications and tools powered by AI have been helping business owners in making smarter business intelligence decisions. AI enables the business to use the data in a more insightful way to get the best results. Simultaneously, it is also filling the gap for business users without having deep technical knowledge. AI bridges that gap and delivers insights in a digestible format.
4. Cyber Security
Many organizations have been struggling to deal with the current cybersecurity landscape. The implementation of the AI in this industry will bring a revolutionary change. A research report suggested that AI implementation in cybersecurity would be able to find the attackers before they could result in any sort of attack. AI technology is capable of learning and adapting to the current environment and the threat landscape. Advanced security implementation is possible by implementing AI technology.
Artificial Intelligence will transform the manufacturing industry by felicitating to conquer many internal challenges. The technology will be useful in full automation, decision making, integration and channelizing information. And, it will completely transform manufacturing proceedings. The technology will have an impending to rise in production by 40% by 2035. The benefits will be: create rapid, data determined decisions, facilitate enhanced production outcomes, advance process effectiveness, and minimize operational costs besides superior scalability and product development.
According to a 2016 report from CB Insights, AI will be used by around 86 percent of healthcare providers’ organizations across the globe. By 2020, the spending on AI projects in healthcare to reach $54 million. The implementation in healthcare will be useful in managing medical records, analyzing tests, X-Rays, CT scans, data entry, treatment design, virtual nurses and many more.
AI in healthcare is vast and the technology has been transforming the industry by providing better healthcare solutions. The combination of AI and the Internet of Medical Things (IoMT) are making healthcare professionals more efficient. The technology is useful in early detection, diagnosis, research, and training. Applications and apps powered by AI technologies are helping people with proactive management of a healthy lifestyle.
Artificial Intelligence technologies will transform the retail industry in the next few years. In fact, the “big box” retails across the world are extremely slow in adopting AI technologies. As the adoption in the retail industry is clearly depends on the impact of the AI in related industries like manufacturing, supply chain logistics, and CRM.
8. Cloud Computing
The recent developments in AI technologies and increasing sophistication of programmers, foretell a new age of cloud computing. Cloud technology has been affecting the businesses and the combination of AI and cloud technology will transform the business. Artificial Intelligence technologies become a ubiquitous part of our business, and AI capabilities will only be improved with the development of cloud technology.
Artificial Intelligence is the new helping hand for the construction industry. Advanced forms of technologies are being used in the industry making our much simpler. AI is useful in gathering data and processing and predicting based on the information. The technology is useful in planning stages, construction underway and post completion of the project.
10. Supply Chain Management
AI is transforming the supply chain management industry. The applications powered by AI technologies are very useful in streamlining procurement, augmentation, supply chain planning, warehouse management, logistics, and shipping. The future of the supply chain management industry lies with the implementation of the AI.
AI has been useful in developing many solutions to make our life simpler. It has been transforming various industries.
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