“Narrow AI” performs objective functions using data-trained models, and often comes under the categories of deep learning or machine learning. This form of Artificial Intelligence will extend to virtually every major industry. And we’ve seen it happening in the last few years where data collection and analysis has increased considerably due to stronger IoT connectivity, the expansion of connected devices, and faster computer processing
It’s hard not to notice the impact artificial intelligence is having on our everyday lives. Here are some industries that are using or will use AI in the future:
It might take more than ten years to get it right, but in the future, self-driving cars will take us from point A to point B.
Manufacturing currently uses robots powered by AI to work with people, performing a limited variety of tasks such as assembly and stacking. Predictive analysis sensors also help keep equipment running properly.
Healthcare is rather new to using AI which benefits the industry in improving diagnostics and streamline the creation of new drugs, with virtual nursing assistants aiding in patient care.
Thanks to AI, we get digital textbooks digital, with virtual tutors helping human instructors. AI-based facial analysis helps understand students’ emotions to better tailor the lessons to the individual needs of each student.
Journalism largely benefits from AI. For example, Bloomberg employs Cyborg technology to help make sense of complex financial reports promptly. Associated Press uses the natural language abilities of Automated Insights to generate 3,700 earning reports stories annually, which is almost four times more than in the past.
Customer Service will benefit from AI, with Google's upcoming AI assistant that will sound just like humans to help make appointments or answer basic questions about a business. Google is making sure this system will understand the context and nuance of the person on the other end.
These are just some of the advantages. David Vandegrift, the CTO and co-founder of the customer relationship management firm 4Degrees said, “I think anybody making assumptions about the capabilities of intelligent software capping out at some point are mistaken.”
Every year companies spend close to $20 billion collective on AI products and services. Tech conglomerates such as Google, Apple, Microsoft, and Amazon spend billions on developing these products and services, and universities are making AI a more significant part of their curriculum. For example, MIT is spending $1 billion on a new college to study computing, with a focus on AI. What’s more, the U.S. Department of Defense is working on their AI game, so big things are in the works.
Some of these inventions are well on their way to becoming a reality while some are still only theoretical and might remain so. However, all of them are disruptive, and there’s no slow down in sight.