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You are here: Home / Biz Opportunities / How AI Is Revolutionizing 5 Major Industries – Business Ideas

How AI Is Revolutionizing 5 Major Industries – Business Ideas

August 9, 2019 by Asif Nazeer Leave a Comment

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Artificial intelligence (AI) can be applied in many forms. These can include robotics, education technology, and chatbots. Therefore, it is applicable to virtually any industry.

In fact, several industries are undergoing major transformations due to the use and optimization of AI. These changes are affecting their operations right now, and they will only escalate in the future. From efficiency to user experience, here’s how AI is revolutionizing these five industries.

RELATED ARTICLE: HOW AI WILL AFFECT FUTURE BUSINESSES IN A VARIETY OF INDUSTRIES

AI in Healthcare

One of the most obvious ways robotic AI is being used in the medical field is through artificial limbs. These intelligent prosthetics have allowed many recipients to recover full use of their limbs. Additionally, robotics is being used to help perform procedures and aid in diagnostics that were never possible before, as they are impossible for humans to perform. 

A less public but equally important use of AI in healthcare is the
implementation of digital programs that provide access to medical care to those
in underserved regions. These smartphone programs allow healthcare
professionals to perform digital imaging on patients without needing a
radiologist or other technicians present. 

Due to these and many other advancements, AI in the healthcare industry is one of the most important applications.

AI in medicine

Cybersecurity

In terms of AI business solutions, cybersecurity is at the top of the list. As cyber-attacks have become more commonplace, data protection laws have become stricter in response. Accordingly, it is critical that businesses of all sizes and in all industries have a firm handle on their cybersecurity. Otherwise, they will face costly consequences. Investing in cybersecurity has become a primary business initiative for small businesses as well as major financial institutions.

RELATED ARTICLE: 3 PROACTIVE STEPS FINANCIAL INSTITUTIONS ARE TAKING TO INCREASE SECURITY

AI is invaluable to identify threats, detect data breaches, and
block attacks. As such, the cybersecurity industry has seen a need to grow and
innovate to best serve their clientele. In order to meet these needs, AI is
constantly being improved to enhance prediction and response capabilities. 

AI in the Automotive Industry

With advancements in manufacturing, driver features, cloud services, and driver monitoring, AI is changing the very nature of driving.

For example, one fundamental way AI has revolutionized the automobile industry is through advanced safety features. Driver behavior applications like Eyesight are monitoring and reducing distracted driving habits. Additionally, they improve how drivers interact with their cars by adjusting settings to fit their needs.

With driver assist, AI analyzes driving conditions. It also alerts the driver to danger, and even helps them avoid accidents. Of course, there is also the race to release self-driving cars. 

Robotics has also been essential to increasing the efficiency and
quality of automobile manufacturing. From welding robots to wearable suits that
help prevent worker injuries, AI has become essential in nearly every aspect of
the manufacturing process.

Marketing

Both B2B and B2C marketing have already taken leaps and bounds toward better use of data with the help of AI. For example, advanced software has the ability to constantly analyze consumer behavior and adjust marketing tactics. This provides a better user experience and consequently improves sales.

AI product recommendations are responsible for many online sales. This is because advertisements are tailored to user behavior and demographics.

RELATED ARTICLE: HOW WILL BIG DATA AND AI TRANSFORM THE B2B WORLD?

Additionally, social listening is a powerful marketing tool. By monitoring what consumers are saying about them, companies can target consumers with carefully tailored ads. What’s more, they can present these ads at the most opportunistic times.

Sentiment analysis helps brands understand how consumers are talking about a brand or a product on social networks. This information can help them identify issues and learn what their consumers want. This can influence how they advertise in the future.

In short, with AI, digital marketing has become smarter and more cost-effective. 

Education

The human element is necessary for many forms of education. But there are also substantial opportunities for AI to enhance processes and overall learning.

For example, grading assignments is one of the most time-consuming aspects of being a teacher. Fortunately, it can now be automated. By automating tasks, teachers will be able to dedicate more time to working with students. AI is also making its way into the classroom, with robotic tutors who are assisting students. This has been especially beneficial for those with disabilities that prevent them from being present in the classroom. 

It’s no surprise that different ways of learning work for different types of people. Now, educators use AI to optimize learning by creating personalized programs for students. This allows teachers to cater to students at different levels.

In other words, they can teach to multiple students in a single classroom, all of whom have very different needs. With the help of AI, the quality of learning will only improve. This factor alone will lead to a larger beneficial effect on society as a whole. 

Conclusion

It’s understandable that employers and employees alike might fear the increased use of AI. But many of these changes will actually benefit both parties as well as the end consumer. 

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Filed Under: Biz Opportunities

About Asif Nazeer

My current sphere of interest is Internet Marketing - Worked for many years in finance and banking. I now consult for small businesses and starts ups. Also involved in venture capital for new companies.

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