Techstory
Photo by Tara Winstead
The 21st century has seen remarkable advancements in the field of artificial intelligence (AI). AI technologies are now being used in a wide range of industries and applications, from autonomous vehicles and robots to predictive analytics and gaming.
As of 2022, the world’s AI market has been valued at $136 billion, and it is predicted to increase at least 13 times by 2026.
An Oberlo report states that since 2018, the number of businesses using AI has grown by 270%. Today, at least 90% of leading businesses worldwide are investing in AI.
1. Healthcare
In the past, AI has been used in healthcare to develop expert systems for diagnosis and decision support. More recently, AI is being used for a range of tasks such as image recognition, natural language processing, and predictive analytics.
In the future, AI will become even more important in healthcare as the industry moves towards personalised medicine and precision health. AI will be used to develop individualised treatment plans, predict disease risk, and monitor patients for early signs of disease.
2. Retail
AI is revolutionising the retail industry. With the help of AI, retailers are able to gain insights into customer behaviour, preferences, and trends. AI is also helping retailers to create more personalised shopping experiences and to optimise their operations.
AI is expected to have a major impact on the retail industry in the years to come. It will play a big role in improving customer service in the retail industry. Retailers will be able to use AI to provide their customers with more personalised service. For example, a retailer might use AI to recommend products to a customer based on their previous purchases.
3. Gaming
The arrival of artificial intelligence in gaming has been nothing short of revolutionary. With the help of AI, developers are now able to create games that are more realistic and immersive than ever before.
From classics like Satta Matka to advanced Battle Royale like Fortnite, AI is everywhere.
One of the most impressive examples of AI in gaming is the way it is used to create believable non-player characters (NPCs). In the past, NPCs were little more than cardboard cut-outs, with very basic programming that meant they repeated the same actions and dialogue over and over again.
4. Manufacturing
In the last few years, we have seen a tremendous change in the way manufacturing industries operate. Thanks to the advent of new technologies and the ever-growing need for efficiency and productivity, many manufacturing companies are turning to artificial intelligence (AI) to help them stay ahead of the curve.
From predictive maintenance to quality control, AI is being used in a variety of ways to improve the manufacturing process.
5. Finance
Artificial intelligence is becoming an increasingly commonplace tool in the finance sector. In fact, some experts believe that AI will eventually become essential in order for financial institutions to stay competitive.
It is used to detect fraud in financial transactions, assess and manage risk, provide better customer service, manage personal finances, etc.
Also, AI is being used to help financial institutions assess creditworthiness. By analysing data, AI can identify patterns that may indicate a high or low risk of default.
In the End – Future of AI
As we move ever closer to the future, AI is becoming more and more a part of our everyday lives. From the smartphone in our pocket to the computer in our home, AI is starting to change the way we live and work.
Some experts believe that AI will eventually surpass human intelligence, leading to a future where machines can think and act for themselves. Other experts are more cautious, believing that AI will always remain a tool for humans to use, rather than becoming a true intelligence in its own right.