The global pandemic has halted the flow for many industries, but artificial intelligence continues to grow. Innovations have helped develop AI into one of the most useful tools in your arsenal.
Many people may not be aware of how AI has been making a difference in various industries. With how much it has influenced our world, it wouldn’t be surprising to see it as a part of our everyday life.
The Uses Of Artificial Intelligence Today
AI is versatile, capable of handling many tasks from design to physical function and even recognition. Its momentum has been parabolic in the last few years. Here are some of the ways people have been using AI in their industries.
Finance
The world of finance is now heavily influenced by AI. At one point, people built systems and theories around human psychology. Now, they all have changed in consideration of how AI works and makes its decisions.
In 2001, a trading robot beat humans in a competition, kickstarting machine learning and algorithmic trading AI.
Here are some other ways AI has been helping the sector:
- Bookkeeping
- Investing
- Property management
- Operation management
AI can process information much faster, creating unbiased results based on its programming. It won’t be long before it becomes a dominant force in auditing and underwriting.
Agriculture
Food continues to increase in demand, and AI helps sustain the agriculture industry.
Today, AI can use crop monitoring and predictive analysis to make farming efficient. They can predict the time a crop becomes ripe and is ready for picking. It can also monitor the health of crops, making it easy to spot areas that need nurturing.
Cybersecurity
Every day, small and large scale attacks happen in different parts of the internet. To keep up, security companies utilize AI for assessing potential threats. This speed allows companies to focus on threats that could cause irreversible damage. They can easily remove threatening malware or prevent Denial of Service (DoS) attacks.
Service
Many people have encountered AI customer service agents and online assistants. Their programming allows them to respond dynamically, putting them close to human communication. Companies are investing in AI as tools as they require less upkeep compared to human staff.
AI is also present in advertising. Using machine learning, AI can use your search history and recent activities. It can then make decisions on what ads are most suitable for you. If you ever see ads that seem to be tailor-made for you, AI is the reason for it. Other service-oriented AI tasks include:
- Marketing: AI can automatically handle marketing campaigns based on its programming.
- Job Search: AI assists with sorting through jobs based on your skillset and recommends work. It also helps sort through potential candidates for recruiters.
Other Industries
Many other industries utilize AI to make work easier. They are:
- Economy: AI analyzes and compiles data to help tackle problems such as poverty.
- Education: there have been experiments with AI tutors, though they are still a topic of debate.
- Military: AI can handle a range of military functions. Some of its tasks include intelligence gathering, vehicle control, and logistics.
- Healthcare: AI prevents the spread of false information. It also identifies sickness and can track the spread of disease. It has been useful during this global pandemic.
- Law: the legal industry is one that is still on the fence about using AI. Some tests show that AI can now do entry-level work.
- Media: in video games, AI has helped create dynamic behavior patterns for non-player characters (NPCs). AI has also been used in developing deep fake technology. This technology can alter facial expressions, alter audio, and restore media.
- Manufacturing: most mass production processes now involve AI. Factories can work extra time, producing even without human supervision. Some toys also use AI, giving them some intelligent features.
Artificial Intelligence Is The Future
There is no doubt that artificial intelligence is making the world a better place. It has made many tasks efficient, helping us interpret data at a much faster pace. As long as there is proper use, it will help make life easier whether you are aware of it or not.
There are concerns about the potential loss of humanity as people hand off tasks to robots. Of course, many experts and developers are also aware of this issue.
While artificial intelligence has lessened the need for human input in some areas, it is in a state where it cannot function without us. It is a beneficial relationship, and as long as you nurture it, your future will continue to burn bright.
