Artificial Intelligence and Machine Learning are fascinating technologies in their own right. The way it is changing, and how it will likely alter the future of human existence on earth. That is why we’ve chosen to write about the future of Artificial Intelligence so that we may consider the potentialities of a new age with machine learning and artificial intelligence.
Artificial Intelligence in future – LESS Artificial, MORE Intelligent
Artificial intelligence has advanced considerably, from driverless automobiles to home voice automation. Artificial Intelligence is no longer a science-fiction fantasy. AI Futures will arrive sooner than the predictions in the long-awaited film “Minority Report,” set in 2054.
Artificial Intelligence will outperform humans in language translation by 2024, school essays by 2026, sales of items by 2031, writing a best-selling book by 2049, and surgical operations by 2053, according to research published at the University of Oxford. With super, AI will become an important part of our daily lives within the next several years.
Imagine having the ability to unlock your hotel room door without a key, but rather via facial recognition technologies. Your face will become your identification, allowing for easier and more efficient day-to-day activities.
- Prepare to have your purchases delivered via miniature drones to your doorstep within minutes of placing an order.
- AI-based virtual assistants will make human-like calls to book an appointment at, say, your local hair salon, recognising the subtleties and circumstances of the talk.
- Prepare for a robotic surgeon to operate on you. A physical surgeon will merely observe as a robot performs the surgery and assists patients in understanding their treatment choices in the future years.
These are only a few ways that artificial intelligence may revolutionise our world in the future. The future promises to be a fascinating time for artificial intelligence. Artificial intelligence is being developed rapidly by some of the world’s most innovative technology companies. They’re all racing to integrate it into our daily lives – which promises to be an incredible and thrilling artificial intelligence future.
How will the future change with AI?
According to recent advancements in AI, here’s how artificial intelligence will change the future.
Artificial Intelligence in Healthcare: Where Are We Heading?
Over 86 percent of errors may be avoided in the healthcare business, and artificial intelligence will play a critical part in this effort. Through the use of AI-powered predictive care, the future of healthcare will be democratised for the benefit of patients and healthcare providers alike while at the same time becoming less expensive and more accurate for everyone involved.
Predictive analytics combined with artificial intelligence can aid in understanding different elements (such as a person’s birthplace, dietary habits, local air pollution levels, and so on) that impact their health.
Eventually, we can expect AI-powered healthcare systems to predict when a person is most likely to acquire a chronic condition and provide preventative treatment to cure the disease before the disease progresses to an advanced stage.
With numerous sorts of research to build artificial intelligence-powered applications to assist doctors in diagnosing and treating patients, AI will undoubtedly be a game-changer in providing improved medical care to patients in the future.
You may expect a very different future for healthcare as robots engage with individuals, assess their health status, and determine whether or not they require additional medical attention. Doctors, nurses, and medical professionals will continue to be in high demand. But artificial intelligence (AI) will make our lives easier by making the clinical and healthcare data we create more actionable.
Take a look at: How To Implement AI In Business?
Artificial Intelligence in Retail: Where Are We Heading?
In retail, the future of artificial intelligence is more autonomous and customised, with realistic possibilities including virtual racks that adapt to customers’ personalities, linked dressing rooms with screens, and a slew of other customisations based on previous history and patterns to make customer selections less stressful.
- The worldwide market for AI in retail is anticipated to expand by more than $5 million over the next eight years.
- According to Capgemini research on the impact of AI in Retail, retail firms may save over $340 billion by 2022 if they use artificial intelligence across their operations.
- According to Accenture, AI investments in retail will contribute $37 billion to revenues by the end of 2002.
These numbers provide compelling evidence that artificial intelligence (AI) has significant promise for retailers, with a wide range of applications for better corporate decision-making.
Drones driven by artificial intelligence will carry items weighing up to 5 pounds in less than 30 minutes in the near future. Although Amazon is already working on it to ascertain the required safety and dependability of operations for delivering items, there is no set timetable for when these drones will be used for commercial purposes.
On the other hand, drones will distribute supplies and food autonomously over the next decade, which will be possible instantly.
Artificial Intelligence in Banking: Where Are We Heading?
According to the AI in Banking study by IHS Markit, the global economic value of AI in Banking will be $300 billion by the end of 2030. With decreased costs, higher productivity, and improved customer experiences, artificial intelligence is poised to take centre stage in the coming decade in areas including business intelligence and security.
Automated wealth management advisors (Robo advisors) will become a regular sight and game-changer in the banking industry, saving large amounts of time for both wealth managers and their clients.
In addition to personalising their services and goods, future banks will employ artificial intelligence to customise their customers’ overall experiences. A wonderful illustration of this type of personalisation would be removing the requirement to provide an ID card when you walk into a bank branch while being greeted by your name and having comprehensive information of your whole bank account history available at your fingertips.
Take a look at: How Artificial Intelligence Can Help Small Business?
AI to create Millions of New Job Opportunities
The most frequent concern regarding artificial intelligence in the future is taking our jobs. We can picture a more pleasant future for ourselves and create new employment rather than eliminating them with the help of artificial intelligence automating all sorts of labour.
According to the World Economic Forum, artificial intelligence will create about 58 million new AI occupations by 2022. There’s a good chance that by 2030, AI will outperform humans in most of the mental activities, yet it won’t eliminate employment.
Artificial Intelligence is rapidly evolving and growing more sophisticated every day. It’s important that we understand the implications of this technology and how it will shape our future. The future of artificial intelligence is going to be very excited, indeed. Stay tuned for future blog posts where we’ll explore different aspects of AI, its impact on business and marketing, and how you can capitalize on this exciting new trend.