Artificial intelligence (AI) technology is growing after decades of false starts. The adoption of this fascinating technology is also becoming more and more popular.
Industries have been looking for help in their digital transformation and AI can play a big role there. Because of its genius decision making, AI is helping businesses develop by streamlining their operations.
With the help of AI application development partners, many industries now have a lot of unlocked potential going forward.
It is logical that education will benefit from AI. There are already robotic student tutors and assistants in many classrooms. Often, AI bots help young students with language learning, social interactions, and reading.
The best part of this is that robots assist children with disabilities. Long gone are the days of when parents need to visit a teacher. AI-powered appointment scheduling software like Doodle can actually provide both sides with a comfortable time for a meeting. Bots are also helping children understand program making, games, and software.
2. Financial markets and services
This is the one sector that adopted the tech revolution at every stage and every phase. Now they have reached the intelligent automation stage. Nearly 45% of financial companies have invested more than $5 million in AI-related initiatives. This gives us a big picture of how vital AI is for startups and the finance industry.
AI brings predictive features in this industry. The applications and tools powered by it, have been helping business owners in making smarter intelligence decisions. AI gives the opportunity to use the data in a more insightful way to get the best results. With this all, it also feels the gap between business users without having deep tech knowledge. Citibank, for example, was working on first-generation expert systems as far back as the 1980s.
Ultimate financial services assistant is capable of performing deep-content analysis and evidence-based reasoning. According to this forex.com review, there are businesses that are actively using AI for automated trading. This is the platform where anyone can invest their money and they use big data and machine learning to help investors and equity firms gain better insights and make smarter decisions.
AI transformed the industry of healthcare by providing better solutions to problems. The combination of AI and IoMT is making healthcare professionals more efficient. AI technology helps Healthcare with detecting, diagnosing, researching, and training.
At the beginning of the year, we’ve witnessed AI outperforming six radiologists in reading mammograms and identifying breast cancer more accurately and quickly. A computer algorithm can now analyze images in just a few seconds, significantly improving the speed of diagnosis.
One high-level use case in healthcare is AI-powered bots. They can assist with surgery (including the heart). Taking robots to assist surgeons helps because they’ve got higher accuracy, lower risk of infection, and less plod or pain. Patients are staying at hospitals for shorter periods because they get better quicker.
A shortened stay is better for a person because the longer one stays in the hospital the more likely they can get sick again within six months to one year. Robot-assisted surgery is oriented for patient wellness and overall recovery.
There is a mobile phone app called AiCure, which provides recording people taking their medicine. It can identify the patient and the drug. With perfect features like facial recognition, everyone can be sure that it is not being tricked. The adherence data is available in real-time. For the first time, they are based on hard data.
AI and technology are one side of life that always interest and surprise us with new ideas, topics, innovations, products. There is a never-ending chase of the Machine and humans. Some AI experts predict that AI will be able to do anything that humans can but do it better. This is a questionable assumption, but AI will surely surpass humans in specific domains.
A chess computer beating the world chess champion was the first example. AI presents us with existential questions. It shows that where science stops, philosophy and spirituality begin. Hence it is a win-win situation for both industry and manpower.
You may be interested in: “The Future of Artificial Intelligence in the Education System”