The timeline of artificial intelligence begins in the 1950s. Technology has brought a lot of changes into our lives, and it’s still evolving. Science fiction movies have always shown AI as robots that can do everything humans can, sometimes even better. However, in reality, AI is used for a lot more mundane tasks, such as identifying faces in pictures, translating languages, or helping doctors diagnose diseases. We’ll discuss the different benefits of Artificial Intelligence and the areas where AI is being used to create an impact in many people’s lives. 

The Benefits of AI: How AI Impacts the New Generation

Most of the companies use digital marketing tools to improve sales, drive traffic, and promote a product or a service, and nowadays many of them include AI technology. According to research, the global AI market is expected to rise to $60 billion by 2025. Here are some of the main benefits of artificial intelligence in the workflow:

• Helps get more accurate results faster: AI-enabled tools can analyze large amounts of data more accurately and faster than humans.
• Saves time and money: with AI you can automate repetitive tasks that would otherwise need to be done manually.
• Helps to make better decisions: AI-based tools can help you spot patterns and correlations that you might not be able to see and find better solutions to the problems.
• Personalizes the user experience: AI helps you personalize the user experience by providing relevant content and recommendations. 
• Improves customer engagement: AI can help you engage with your customers more effectively by providing them with the right information at the right time.

Major Industries That Use AI Technology

Now that we know some of the benefits of artificial intelligence let’s take a look at major industries that use this technology to improve their products and services.

AI in Transportation

Image from Pexels

Transportation sector has seen great development thanks to the use of artificial intelligence. First, it’s about self-driving cars. While this technology is still in development, there are already a number of companies that are testing it out and achieving some advances, including Tesla and Google. Self-driving cars use artificial intelligence to navigate the roads, avoid obstacles, and detect when a driver is getting tired to take over the driving duties.

Ride-sharing apps like Uber use artificial intelligence to match riders with drivers and to route the driver to the rider’s location. The app will also take into account traffic conditions and find the best route for the driver.

Finally, drones perform a variety of tasks such as delivering packages, taking pictures, and even delivering food. 

AI in Manufacturing

Image from Pexels

Artificial intelligence helps develop products and improve production efficiency. For example, Canon uses it to identify defects in products and to automate the inspection process. With the help of AI technology, companies can design new products by analyzing customer data and trends. AI-powered robots can work faster and more accurately than human workers, and they never get tired. Its application in manufacturing helps to achieve mass customization by creating products according to customer specifications.

AI in Healthcare

Image from Pexels

Artificial intelligence is bringing more innovations to the healthcare industry. It can be trained to recognize patterns in medical images that aren’t easily visible to the human eye. This means that with the help of AI doctors can diagnose diseases much earlier. 

AI is also being used to develop new drugs and personalized treatment plans for patients. By analyzing a patient’s medical history, lifestyle, and genetics, it can come up with a treatment plan that’s much more likely to be effective than a traditional one-size-fits-all approach.

IBM Watson Health is a division of IBM that’s working on developing AI applications for healthcare. Watson is a computer system that can process and analyze large amounts of data to provide recommendations.

AI in Education

Image from Pexels

AI-powered tutoring systems have a huge impact on providing students with personalized help that adapts to their individual needs. These systems can track a student’s progress and adjust the difficulty of material accordingly. There are now many online courses that use AI to personalize the learning experience for each student.  

In addition, AI is also being used to develop new educational materials, and create digital assistants that can help students with research, taking notes, and organizing their schedules. Knewton is an AI-powered platform that uses AI technology to help students learn more effectively. 

AI in Finance

Image from Pexels

Finance is one of the most important industries where AI is being used.  It can help identify fraudulent activities such as money laundering and credit card fraud, assess a person’s creditworthiness by analyzing their financial history, manage investment portfolios and make recommendations for investments, and more. For example, Zest AI is software that uses advanced scale data analytics which helps underwrite loans and make recommendations for financial products to increase revenue and reduce risks.

AI in Marketing and Sales

Image from Pexels

Companies are using AI to create more personalized and targeted marketing campaigns. By analyzing a customer’s purchase history, demographics, and location, AI can target them with ads for products that they are more likely to be interested in. AI in marketing is also being used for developing new products and services. For example, Netflix uses AI to create teasers and highlights and recommend movies and TV shows that users might like based on their watching history. 

AI in Customer Service

Image from Pexels

AI is of great importance in customer service. This is because it helps to automate repetitive tasks such as answering customer queries and improving the customer experience by providing personalized recommendations. For example, if you’re looking for a new book to read, an AI-powered customer service agent could recommend a book based on your previous reading history. A great tool that provides automated customer service is Chatfuel. It allows you to create a chatbot for your business which can answer customer queries 24 / 7 and provide analytics to help you automate more conversations.

AI in Photo / Video Editing

Image from Pexels

AI-powered tools are making it easier for people to edit photos and videos without any prior experience. Features of such software often include automatic color correction, object recognition, and face detection. For example, Removal.AI helps enhance image quality, add effects, and change the background of a photo. 

On the other hand, Movavi uses AI to create videos from scratch using ready-made intros and various backgrounds, add realistic special effects and filters, and more. Some distinctive features also include AI Upscaling, chroma key, sound autocorrect, beat detection, and scene detection.

Wrap Up

AI has already changed our lives in many ways, and the list of ways is growing every day. These are just some examples of how AI technology is used today to improve efficiency, productivity, and quality of life. In the future, we can expect AI to become even more ubiquitous, with more amazing applications that we can’t even imagine today.