In 2015, the MIT Task Force on the Work of the Future published a paper titled "AI for Work: The Next Revolution in Employment." The report paints a more optimistic picture: AI will increase productivity and create more jobs than people can currently imagine. Meanwhile, governments must focus on broad AI goals. The risks of cracking open AI "black boxes" will hamper innovation and hinder companies' adoption of AI. In this article, let us look at some of the sectors in which AI plays a dominant role and changes the future in an exemplary manner.
- Overview of Artificial Intelligence in every Industry
We will see AI impact virtually every primary industry in the near future, and it will be a significant factor in all of them. Narrow AI (AI with minimal scope) performs objective functions classified as deep learning or machine learning. The IoT connectivity and proliferation of connected devices have facilitated the massive amounts of data collected. Self-driving cars, for example, could take more than a decade to develop, but the effects of this technology are already evident.
- Robotic Process Automation (RPA)
Robotic process automation is one application of AI. These robots monitor workflows and offer intelligent suggestions to workers. These systems can also recognize when workers struggle and direct them to human help. These robots will complement human input and free up workers' time to focus on more creative work. While the impact of AI on human jobs is enormous, the long-term benefits are huge.
- Manufacturing & Automobile Industry
From manufacturing to transportation, AI-powered robots are already affecting most industries. AI-powered vehicles are being developed to reduce manufacturing costs and improve productivity in the automotive sector. However, these advancements will not be realized for decades. Some industry sectors are still in the early stages of development, but they are expected to surpass automobile patents by 2020. Despite the huge potential, the development of autonomous vehicles is still in its early stages.
- Auto-Pilot Vehicles
AI has dominated almost every primary industry. Its most notable examples are autopilot-driven cars that drive themselves. But while they may be a decade away, AI-powered vehicles will soon be commonplace. These connected devices can interface with AI systems and monitor and predict risks. Artificial intelligence is already widespread and has already influenced nearly every industry. And the world's cities and workplaces will benefit from it.
- Media, Communications & Journalism
Journalism is one area where AI is being harnessed. Bloomberg uses Cyborg technology to make news, while the Associated Press employs Automated Insights to produce 3,700 earnings stories a year. Customer service is also a primary AI application.
Effectiveness of Artificial Intelligence
AI makes life easier, increases efficiency and has benefited society. It allows businesses to automate routine tasks and free up workers to focus on creative and interpersonal tasks. It also improves the efficiency of manufacturing and financial services. Its use in daily life will be widespread. As more people become more dependent on AI, more industries are using AI. This technology is powering many programs and services. The technology will also make robots more efficient and more productive. Ultimately, the future of artificial intelligence will improve human-to-human interaction. The human-robot interface will be replaced with a robot capable of understanding customers' emotions. Shortly, these tools could lead to faster primary healthcare diagnoses. The development of AI will impact all sectors of human life.
Conclusion:
In the long run, AI can help solve social and economic problems. Today, AI powers robots and autonomous cars. Smart sensors keep manufacturing equipment running efficiently. AI will be the foundation of the future. This technology will revolutionize the future. It will also enable many more new industries. Moreover, it will help humans to do their creative work. The use of robots will allow them to increase efficiency and productivity in other areas.
ONPASSIVE is an AI IT organization which focuses on building tools and applications that are empowered with AI. You can log on to www.onpassive.com for increased productivity of your business.
