We have come a long way in today’s globalized era. Technology has advanced in leaps and bounds and is now as ubiquitous as the air that we breathe. We and many industries cannot imagine living without it. One of the technologies that have made rapid advancement in recent years is Artificial Intelligence (AI). Its applications span almost every industry imaginable, from manufacturing to education. Technology has the potential to revolutionize everything that we do. It changes the way we work, how we interact, our purchase patterns, and more. From driverless cars to virtual doctors, AI is transforming our lives for the better, and with each new day, we have something new to celebrate. According to PwC research, AI can add around 15.7 trillion dollars to the global economy by 2030.
You can take any industry operating out there and see the rapid advancements that Artificial Intelligence has brought. It could be the retail industry, the manufacturing industry, healthcare industry, education, etc. Here we are going to discuss some of the sectors that have been revolutionized by Artificial Intelligence.
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The field of manufacturing has immensely benefitted from Artificial Intelligence. AI has shown unlimited potential in this industry, and experts say it is still in its infancy. There is a lot that this industry can accomplish by accepting AI into its midst. Currently, AI is offering a heap of benefits like preventive maintenance and automation of human tasks. The chances of human error are going down rapidly, and the quality is getting higher and higher.
The healthcare industry has recently joined the Artificial Intelligence bandwagon and is reaping a plethora of benefits. It includes computer vision against X-rays. These computer visions can better identify diseases. And machine learning to identify patterns in diagnosis.
The healthcare industry is always in need of more personnel, and with AI by its side, it can deliver twice the results with less workforce. According to statistics, Americans lose around $210,000,000,000 annually due to medical billing errors. Approximately 12,000,000 Americans are misdiagnosed each year. With the help of Artificial Intelligence, eliminating this is possible.
The construction industry has been slow in accepting the latest technologies. But, now that it is coming on the same page as other industries, people know how to profit from implementing Artificial Intelligence. A lot of startups are using AI to take their companies into the future. AI is helping them make the process faster, reduce costs, and reduce human errors. This way, they can provide quality work to their clients and help eliminate the accidents and injuries that happen on site.
5. Senior Care
As baby boomers age, we are in constant need of ways to provide efficient and timely healthcare to seniors. We need to make them more comfortable in their living environments and provide all the support that they need. AI delivers help in this sector by replacing many outdated resources and introducing new ways to analyze their health conditions and offer personalized care.
One of the industries that are impacted the most by Artificial Intelligence is the retail industry. Global spending is increasing, and the only way that retailers can keep up is with the help of AI in their corner. With Augmented Reality (AR) and Virtual Reality (VR), retailers provide a more engaging and immersive experience to their clients. Shoppers receive more personalized services. Thanks to AI, retailers can now find out what the shoppers might be looking for and curate a list of items that will satiate their needs. Another thing that AI has provided retailers is the ability to communicate with their clients 24/7 through chatbots. Customer service is never going to be the same again.
AI is still in its infancy, and it is providing such huge benefits to almost every industry out there. Experts say that our reliance on AI will only grow, and we will be able to conduct our businesses more efficiently. Given above are the top industries that have the potential to revolutionize themselves through AI.