Top 6 Industries where Artificial Intelligence Can Make a Big Difference

02 Jan

There are certain technologies that have the potential to completely disrupt the way we live and work. Artificial Intelligence is definitely one of them, and it is all set for global domination across a wide range of industry domains, having already started the process to a fair extent.

Whether it’s improving efficiency, solving difficult challenges, exploring new capabilities, speeding up growth, or fostering new innovation, artificial intelligence has been making its presence known in practically every aspect. Here we take a look at the top industries where artificial intelligence solutions can make a huge positive impact.

Finance

There are many operations in finance that have been entirely dependent on human intelligence until now. With artificial intelligence entering the scene, the scenario is gradually changing. AI is now being used in the financial sector for gathering finance related information, reducing instances of fraud, managing investments, forecasting market changes with the help of predictive analytics, etc. AI taking over these manual tasks has been manifesting benefits in the form of valuable time and cost savings for the industry. Artificial Intelligence has also helped people working in the finance industry become more productive by allowing them to devote their time to other important tasks.

Read the Article- What is the latest in Artificial Intelligence Solutions

Agriculture

The job of artificial intelligence is not simply restricted to using machine intelligence for tasks that usually humans perform, its job can also be to take over tasks for which there isn’t enough manpower currently available. Agriculture is one industry domain that usually experiences shortage in manpower considering the domain’s vast scope. The use of artificial intelligence solutions and associated technologies for automation in this industry can help make up for this manpower shortage. Not only can AI make the agriculture industry more productive, but it can also give the industry a significant boost which could ultimately result in more job opportunities for people.

Human Resources

AI software development for human resources industry can simplify many of the tasks that HR professionals normally do, one of the most significant of which is candidate recruitment. Hiring new candidates requires reading and analyzing a huge number of applications. Even then one can’t be 100% sure that the candidate hired would indeed be right for the job role. Through candidates’ data processing, AI can greatly help in making the recruitment process a lot smoother. By making the process more data-oriented, AI can also ensure more accurate decision-making.

Healthcare

Artificial Intelligence has the ability to improve the way healthcare sector works in numerous ways. Healthcare is, in fact, one of the key industries where AI application has already been gaining a lot of ground and will continue to do so in the future as well. The idea is to help doctors and other healthcare professionals perform their duties with much more accuracy and efficiency. Think about the extensive amounts of medical data that exists in the healthcare sector, most of which is unstructured. With artificial intelligence solutions it’s possible to structure this unorganized data and tap into its power.

Some of the areas within healthcare sector where AI can do wonders include prediction of diseases, preparation of custom patient treatment plans, discovery of cutting-edge drugs, robotic surgery, medical imaging, predictive care, diagnosis and prognosis, and more. AI can not only assist in improving patient care, but it can also be useful for the administrative and management side of the healthcare industry which usually consists of many manual tasks that take up a lot of time of the healthcare professionals. With AI taking over these manual tasks and automating them, one can expect to see a major improvement in the productivity of healthcare professionals.

Manufacturing

Whether it’s optimizing the ground-level operations in real time or streamlining the entire scale of supply chain, AI software development for manufacturing industry can have a transformative effect on the industry’s crucial operations. Automation is the key benefit that AI can deliver when it comes to manufacturing. With the use of robotic workers in manufacturing, the presence of AI is already being felt strongly in the sector.

AI web development services can be used for the automation of the monotonous physical and mental manual jobs. The physical jobs that are too dangerous for humans to perform can be well taken care of by the AI-powered robots. Additionally, artificial intelligence can also help with ensuring better materials management, handling research and development, and processing and analyzing the immense amount of data. Predictive analytics and predictive maintenance are other interesting applications of AI in manufacturing.

Education

Providing better learning experience for students has always been the goal of educational systems around the world. It is through better learning experience that students can be better prepared for the real-world challenges. Artificial Intelligence solutions can help in providing a customized learning experience for each student. Through data processing and analysis, AI can detect specific past learning patterns that exist for different students and accordingly tailor custom learning programs that’s most likely to work for each of the students. Imagine how effectively a student would be able to learn when he is taught things in the way that has proved to be the most effective for him in the past. With the help of AI, education system can progress from one-size-fits-all approach and take into account the individual learning needs of students. Now that’s a whole new outlook that AI can present education industry with.

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