AI and robots are infiltrating nearly every industry and will become increasingly common in the coming years. The roles of these technologies in consumer and corporate space have always fluctuated between fear and fascination.
Today, robots are fast becoming a fixture in our lives – they are in our homes monitoring all the things; they are in our smart phones in the form of voice assistants and soon they will also be driving our cars. So, with robotic and artificial intelligence revolution impending, it is interesting to know which industries will leverage the maximum success.
Healthcare is arguably one of the industries where AI is already gaining a lot of ground – the reason being the availability of an abundance of DATA. From clinical research, diagnose diseases, drug development, deliver anaesthesia and even perform surgery, AI applications are revolutionizing the healthcare landscape with more accurate tasks and results than human doctors.
Some of the AI-driven robots like the Robear – designed by Japanese Scientist can even help patients in walking or getting out of bed. You also have the standard Intuitive Surgical’s da Vinci robots used by the US doctors to perform some minimally invasive surgeries. Yet, another brilliant example of AI-driven robots is iROBOT’s iPad mounted robot which allows offsite specialists to interact and administrate the patients.
As per a report by Accenture, AI applications could help address nearly 20% of unmet clinical demands of the healthcare sector in the next few years. The statistics also indicate that over the past couple of years, healthcare AI startups have been successful in raising over billions of profits topping all other industries in AI deal activity.
Considering the groundbreaking ability of AI healthcare applications to save both money and lives – the FDA has cleared a total of 70 healthcare algorithms on fast-tracked basis over the last 5 years.
We have been occasionally hearing about Tesla and Elon Musk’s strategies to release fully autonomous vehicles – technically called as self-driving cars within the next couple of years. Uber – one of the leading transportation network company is working on AI based technologies that could accurately predict a user’s state of sobriety and alert the driver with this information.
In summary, with marketing leaders like Google, Tesla, Uber and other major companies investing heavily into the industry – AI will profoundly revolutionise the automotive industry. According to a report, the installation rate of AI-based tools in new vehicles was just 8% way back in 2015 but has seamlessly augmented to 40% in 2018 and is expected to increase to 109% in 2025. This massive surge in the usage of AI based applications will definitely change the dynamics of the automotive industry to a better future.
From Google’s RankBrain to personalized Netflix and YouTube recommendations, AI has redefined the metrics of today’s digital marketing domain. The ability to quickly adapt to the inputs of the customer and with deep data analysis – AI based applications have helped brands and marketers save a lot of resources and time.
YouTube and Netflix recommendation algorithms gather a huge amount of data by vigorously scanning through the user’s view history, the videos they have liked and the videos added in their wish list to ensure that the users have a better experience when they login next time. Chatbots, Amazon’s Alexa and Macbook’s Siri are some of other biggest examples that have been using the AI technology to engage with the audience in a better way.
AI is the driving force behind making the concept of a smart packaging warehouse a reality in the coming years. AI is growing rapidly today enabling warehouse industries to operate with greater effectiveness through automated tasks, the accuracy of inventory records, speech recognition, equipment utilization and quick decision-making techniques.
With a predefined set of advanced computational techniques simple tasks such as loading and unloading of heavy goods have been made simpler. A majority of competitive logistic and supply management companies including Amazon have started implementing AI driven machinery to perform simpler tasks and even interact with humans on the warehouse floor.
While industries may have myriad of technologies to analyse and leverage – the importance of artificial intelligence should not be ignored. Most importantly, AI should not be viewed as a magic wand that can transform the industries. Instead, the technology should be considered as an effective tool capable of improving the KPIs (Key Performance Indicators) that are critical to the success of your organization.