“I visualize a time when we will be to robots what dogs are to humans, and I’m rooting for the machines.”
Machines will come to run our lives!!
AI, Here, There, Everywhere…
Computers are now embedded into almost every aspect of our lives. Nowadays everyone is talking about Artificial Intelligence. AI offers more computing power. Artificial intelligence is shaping the future of every industry in the world and transform them into a better one. Artificial intelligence will greatly impact critical facets of our economy and society in future.
As of 2022, the global AI market is valued at over $136 billion. AI industry value is projected to increase by over 13x over the next 8 years.
Major Fields of Artificial Intelligence in Future….
1. AI in Education
Artificial Intelligence in Education has become a hot topic because it changes how we learn quickly. The potential of using artificial intelligence in education is getting access to the relevant courses, enhancing contact with teachers, and allocating more time to work on other aspects of life. AI can adjust to each student’s level of expertise and learning speed. It also helps to produce smarter content.
2. AI in Healthcare
The global artificial intelligence in healthcare market size was valued at USD 10.4 billion in 2021 is expected to expand at a compound annual growth rate (CAGR) of 38.4% from 2022 to 2030. AI can be used in healthcare with NLP applications that can understand and classify clinical documentation. You can easily detect ailments using AI. Using data generated from previous patients treated for a disease, Artificial Intelligence can identify future patients who may benefit from a specific treatment. Examples of such personalized medicine include using targeted therapies to cure specific types of cancer cells.
3. AI in Finance
According to Forbes, 70% of financial firms are using machine learning to predict cash flow events and adjust credit scores. Loan risks can be assessed through Artificial Intelligence, so it is helpful in corporate finance. According to a study by Accenture, banks can leverage AI banking tools to increase their transactions by two and half times using the same headcount. AI provides a faster, more accurate assessment of a potential borrower. Artificial Intelligence can make predictions, create rules and automate processes.
The world is now facing major revolution i.e., Artificial Intelligence or AI. The Future of AI holds more inventions that will bring us closer to an unimaginable better future. AI is a revolutionary field of computer science, which is ready to become the main component of various emerging technologies like big data, robotics, and IoT. In just a few years, AI has become a reality from fantasy. So lets embrace that fantasy for the future.
“AI is going to change the world more than anything in the history of mankind. More than electricity.”— AI oracle and venture capitalist Dr. Kai-Fu Lee