Top 5 Industries to be Affected by AI In The Upcoming Years.
Artificial Intelligence (AI) development is the way of introducing features in your software that allow one to perform functions and make decisions similar to how a human brain would. This is something that has immense potential for problem-solving, automation, decision taking and more.
This technology is applicable to various industries, and is useful by allowing the system to learn, analyze, and make decisions or provide expert advice. This is a popular technology in 2022 with immense potential in various industries. This article provides more information on the industries that are expected to benefit from AI technology.
What is the Future of AI?
AI is one of the most popular technology trends in 2022 and is expected to have a bright future in the coming years. There are several applications of AI in fields like gaming, NLP, expert systems, speech recognition, business intelligence tools and more. There has been immense growth for AI in the recent years, here are a few statistics that suggest the same:
- The AI industry is expected to be as big as $62 Billion in 2022.
- Growth rate of AI in 2022 increased by 21.3% compared to 2021.
- Annual growth rate between 2020 and 2027 is expected to be 33.2%.
- Global market size in 2021 was $327.5 Billion while the AI market value for the USA in 2025 is expected to be $190.61.
Top 5 Industries Affected By AI
AI has created a big impact on many industries like the gaming, finance, travel, etc. This is already a very popular technology as the statistics suggest and is expected to remain so in the future as well. Here are the top 5 industries where the AI implementation is at its peak:
- Information Technology: The fact that AI introduces capabilities that allows computers to mimic human behaviour and make important decisions on the fly as per your parameters is invaluable to every firm. It opens the door to several possibilities like speech recognition, image processing, deep learning, NLP, machine learning, quality assurance and data security. AI is also the ideal tool for securing private data of an organization, that of the government as well as public. One of the biggest advantages of AI is automation; this can make businesses more productive, effective and increase ROI.
- Finance: The finance industry is a vast field that involves high volumes of data, analysis and reporting. Implementing AI technology for the process of machine learning (ML) and NLP is the ideal way to analyze customer behaviour. AI alone is a useful tool for a business intelligence tool. It is also the ideal technology to use in combination with human input to create the ultimate system for better results. Finance is a vast field that has many elements like trading, market analysis, decisions for buy and sell, crunching data rapidly, generating smart reports of market patterns for smarter decisions.
- Défense: When artificial intelligence technology and defence or weapons come together one of the first thoughts that might come to mind is robotic warriors or dreadful futuristic scenes from movies like Terminator. The truth is that there are consequences of creating autonomous weapons however, there is tremendous potential in AI technology which can be integrated with a wide range of weapons as well as warcrafts. In fact, AI now plays a crucial role in the weapons race where there is limitless potential.
- Healthcare: AI brings self-diagnosis to the medical field; besides which it is also the ideal tool for doctors to use to get to the bottom of the problem in a quick time. This is the ideal technology to help speed up the decision process in this field. It can help reduce human error and effectively save lives. It also makes many other things possible like telemedicine, consulting a doctor remotely and obtaining reports and using video and chat tools.
- Transport: AI plays a critical role in improving and optimizing transportation. It plays a big role in the travel and tourism industry as well.
Tips To Implement AI Development
There are endless possibilities with AI, however, it is vital you hire the right App development company to build your application. Here are a few tips for AI:
- Make an effort to detect the key areas with issues.
- Establish the project objectives and business goals.
- Plan the ideal solution and explore implementing it with AI technology as well as without.
- Consult an expert IT firm for the purpose of developing your website and mobile application.
Gandhi Technoweb Solutions is one such company offering a wide range of cutting-edge solutions. We are a well-established firm with highly skilled developers who have the necessary resources at their disposal to come up with the ideal solution. You can trust us for the artificial intelligence app development.
AI is a popular technology with far-reaching applications in various industries. The popularity and applications of this technology is only likely to grow. It is a good idea to seek help from the experts to implement a decent AI solution for your business. Gandhi Technoweb Solutions is the best company for artificial intelligence solutions.