How the Future of AI will pay off any Investments

Future of AI

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The Future of AI (Artificial Intelligence) has unquestionably been a major player in today’s world, and it has continued to evolve at an unprecedented rate with promising results for the future..ย 

Autopilot from Tesla and DeepMind from Google are two prime examples of AI’s future potential.

According to surveys and analytics, Artificial Intelligence’s future potential is bright, and it will usher in a revolution in the way we communicate with the world. The following are only a few of the many ways AI will positively impact the future:

AI in Science

AI in Science

Forbes claims that Artificial Intelligence has a lot of potential to improve people’s lives, and statistics back up this claim. 

For example, in 2019, researchers discovered that the onset of breast cancer can be reliably identified early on and can help doctors distinguish between benign and malignant cells, which was a breakthrough in medicine and AI.

When considering the potential reach of Artificial Intelligence, this is just one example among many that demonstrate how AI can be used effectively in any area. 

Here’s another one: The World Health Organization (WHO) announced the discovery of the โ€˜novel coronavirus’ just 9 days after BlueDot, an AI site, identified irregular levels of pneumonia in Wuhan, China. 

This suggests that AI has a greater role to play in medicine, clinical science, and the vast fields of biology.

With all of this in mind, it’s fair to assume that AI can hasten scientific study and implementation.

AI in Face Recognition

AI in Face Recognition

Face detection is used in everything from high-security vaults to mobile phones. 

Faces are increasingly being used as identity documents when checking in or receiving boarding passes at airports throughout the United States, Asia, and the greater part of Europe.

Artificial Intelligence could be extremely beneficial in the fields of defence, banking, education, and information technology if it were available. 

It is possible to say that the prospects of recognizing faces through AI has humongous applications in the future.

From finding individuals on social media to assisting forensic investigations with face recognition, AI can improve. 

When revealing your identity is a problem, a circumstance occurs that necessitates a balancing between protection and privacy. AI can be the solution to all such problems.

AI in Agriculture

Here’s a fact: in just another 30 years, the planet will need to produce more than half of what it currently produces. Farmers would be able to develop sustainable produce while managing resources in an eventful manner with careful resource planning and AI. 

AI has enormous potential to provide creative solutions to boost crop yield throughout the year to meet rising demands, particularly in light of climate change and population growth.

Artificial Intelligence’s potential applications include using robots to assist in crop health identification, processing, and soil analysis. This will almost certainly yield positive results in the long run.

A simple tool like a smartphone camera can be used to conduct a wide range of analytics and tests in the field of agriculture. When combined with AI, the possibilities are practically limitless, with enormous potential.

AI in Gaming and Entertainment

AI in Gaming

By 2022, the global gaming industry is expected to generate US$230 billion in sales. 

From IBM’s DeepBlue defeating world-renowned Chess Grandmaster Garry Kasparov in 1997 to Google’s AlphaGo defeated Lee Sedol, multiple-time world champion in the game of Go, the world’s most complicated board game, AI has shown strong potential in the gaming and entertainment industries.

Artificial Intelligence has demonstrated that it is capable of automating tedious activities such as script breakdown and storyboarding, among other principles involved in the production of films. The ever-expanding entertainment industry would undoubtedly profit from AI.

AI in Cybersecurity

AI in Cybersecurity

We live in a world where everyone is worried about the security of their data and the protection of their personal information. For several years, this has been a source of concern, and cybersecurity was the solution

When it comes to fraud, the first thing that comes to mind are the credit card scams that have been going on over the past few years. Hackers nowadays still seem to find a way around the strict and tried methodologies that are in place.

Artificial Intelligence, on the other hand, may be able to provide a viable solution to these fraudulent activities. 

Neural networks, a relatively new concept, can be used to put a stop to these transactions by sifting through thousands of transactions per second and stopping any transaction with malicious intent.

AI in Data Analysis

AI in Data Analysis

Artificial Intelligence is the new engine, and data is the new oil. 

As data has achieved such a powerful position in today’s world, where it is propelling some businesses to prosperity and devising clever and succinct solutions to the world’s problems, the ability of AI to detect patterns and trends that are not apparent to the human eye will be enormously beneficial.

In just one year, AI and data analysis produced nearly $2 trillion in global value. The role of AI in extracting concrete insights, trends, and patterns is critical when the stakes are this high. 

Anything from IoT and edge computing to real-time intelligence is being used successfully around the world, and the results can already be seen.

We would already have fully autonomous vehicles and taxis on the roads if it weren’t for bylaws. When you consider Tesla’s Autopilot, you can see that the system is capable of it and that it is already in operation.

AI in Process Automation

AI in Process Automation

Robotic Process Automation (RPA), a new area involving the use of robots, has aided in the automation of rule-based activities in a variety of scenarios. 

This would encourage a larger portion of the workforce to focus their time and resources on important tasks rather than mundane tasks that computers might manage.

Since Artificial Intelligence’s future potential is so vast, the growth of automation is inextricably linked to the automation of tasks in a wide range of fields. 

Because of the high efficiency and throughput of process automation, a high level of productivity can be predicted by incorporating AI into daily tasks.

With robots like Sophia, it’s no wonder that AI is on a brighter road to assisting the human race in achieving its goals more quickly and tirelessly solving problems all over the world.

AI in Media

AI in Media

Media companies are under pressure to increase both the amount and quality of content they produce in order to draw as many customers as possible and drive higher demand. 

Media companies are using innovative technology like AI to help them achieve this goal.

The position of AI in entertainment is only expected to increase in the coming years as competition and the need for efficiency continue to rise in the industry. 

Media and entertainment companies are maximising their market success by enhancing the user experience and entertainment value provided with greater efficiency. They do the same by exploring and experimenting with the AI use cases such as Subtitle Generation, Reporting Automation, Content Personalization and Metadata Tagging.

AI in Manufacturing

AI in Manufacturing

AI in manufacturing facilities is becoming increasingly common among manufacturers. According to a study, more than half of European manufacturers (51%) are using AI, with Japan (30%) and the United States (28%) coming in second and third, respectively.

Manufacturing data is a good match for AI/machine learning, which explains its popularity. Manufacturing generates a lot of analytical data that computers can easily process. 

Hundreds of variables influence the manufacturing process, and while humans find it difficult to interpret these, machine learning models can accurately predict the effect of individual variables in such complex situations. 

Machines also operate below human capabilities in other industries involving language or emotions, delaying their acceptance, cementing the role of AI in the future of this industry.

Wrapping Up

With so many applications, the future of AI is nothing but full of brightness. Almost every thriving field has started to incorporate AI into itself and those that are yet to do so are looking for ways to achieve it. 

Another point that is noteworthy is that the rise of AI will create a demand for those that know how to use it. Hence, those working in any of the above industries will benefit by learning and working with AI as it is one of the most promising fields of the time ahead.

Fields such as the medical industry, which are essential for human survival, are turning to AI to find groundbreaking methods of saving lives. 

Space exploration is involving AI to reduce the risk to human life and propel our civilization beyond anything we can imagine. 

The behaviour of humans is studied and utilized to improve our understanding of the human mind and guide the coming generations to be better than us.

Keep in mind that the world is constantly changing and evolving in the matrix of evolution. It is important to see where the trends of demand and supply are heading so that opportunities can be utilized to the fullest. AI is the trend of the future. It points to a better tomorrow where humans will be able to live comfortably surrounded by the warm blanket of technology, woven by the threads of Artificial Intelligence.

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