Artificial intelligence (AI) has changed how we do business and live our lives. One of the hottest, most debated technological breakthroughs in modern times, AI has a lot to offer in the future as well. So, what will the future of AI look like?
Today, we have more power in our pockets than we had in our homes a decade or two ago and one of the technologies enabling this is artificial intelligence (AI). Data today is evolving at an increased rate and several areas of technology are benefiting from this data onslaught including virtual reality, augmented reality and artificial intelligence (AI). Due to the rate at which these technologies are being developed and used to perform sophisticated functions, many companies have started to wonder what the future of AI will look like. This will be answered here.
How Artificial Intelligence is Transforming Our Lives
Artificial intelligence (AI) has already transformed our lives to a certain degree. In our homes and daily lives, AI is evident in smart thermostats, robotic vacuums and self-parking cars. The technology is also helping bring significant changes to health, security, education, entertainment and many other fields.
Over the years, people have had to adapt to technology. Want to find a file on a computer? Input a command on a keyboard attached to a machine. Want to make a phone call? Tap on an assortment of numbers on a keypad. Want a piece of information? Type a specific set of keywords into a search engine. This is how things typically work.
By creating technologies that adapt to us rather than the other way around, Artificial intelligence (AI) is turning the dynamic on its head. This is the new way of interacting with computers, which doesn’t seem like computing at all. For decades, computer scientists have been working on AI technologies and we’re finally starting to bear fruit from it.
We’ve already listed some ways AI is helping is in our daily lives but what about AI’s role in business? AI software programs—especially computer algorithms, can analyze massive amounts of data to identify patterns and predict outcomes. Then there is AI software that can potentially save lives by detecting cancer early and AI software that can help thwart a cyberattack.
Some sectors pushing into AI with pilot projects include banking, retail and health. On many company websites, conversational ‘chat bots’ pop up to answer questions and improve customer service. To optimize inventories and supply chains, Walmart stores predict future demand and reordering stock by harnessing AI. Similarly, Monsanto—an multinational agro-chemical and agricultural biotechnology company, uses AI to identify the most promising molecules in bioengineering, while shale oil producer Devon Energy (DVN) uses AI to guide drilling gear.
The use cases of AI do not end there. Banks see the future of AI in detecting money laundering and fraud, manufacturers see AI as helpful in scheduling equipment maintenance and in healthcare, AI may be useful in predicting diabetes and heart disease before they develop in an individual.
E-commerce is also expected to benefit from the technology as marketers could use AI tools to personalize website content to highlight products or services that each shopper is most likely to buy and to target ads more effectively.
The Future of Artificial Intelligence (AI)
It is predicted that by 2030, there will be widespread availability of specialized AI technologies. However, there are some concerns about the design, policy and ethical challenges that AI will raise in the future. It is feared that the challenges of AI will be a significant problem in the future if they are not tackled now. However, the future of AI will be a great one if the design issues are solved and the policy and ethics aspects are streamlined. Following are some of the potential applications of AI in the future:
Though they are yet to fully commercialize, we are already witnessing self-driving cars wielding a change in the transportation industry. The technology enabling these cars is artificial intelligence (AI). The technology isn’t perfect yet, and it will take a few years before there is widespread use of automated cars. However, other modes of transportation such as buses and trains may be closer to full automation.
Automation of ‘Dangerous Jobs’
One of the biggest concerns of governments and private companies is the safety of people in the dangerous or hazardous jobs. Examples of these are people involved in mining jobs and bomb defusing. Today, drones are being employed to defuse bomb and perform other dangerous jobs to minimize the risk of human injury. This is partly enabled by artificial intelligence. As the technology improves, expect more AI integration to help these machines function.
From design to distribution and services, AI can make the entire manufacturing process more efficient and hence, save big costs over time. Rather than spending time making walkthroughs of entire manufacturing facilities, an operational supervisor can sit behind a computer to identify in real-time a floor based problem that arises in workflow.
Smart Shopping and Payment
Amazon Go—a partially automated grocery store operated by online retailer Amazon, allows customers to shop and leave without having to check out and make physical payments. Customers use the Amazon Go app to check in, but thereafter the entire shopping experience is designed to be automated. Sensors track which objects customers pick up and put in their basket, and Amazon accounts of customers are automatically charged after exiting the store. As the AI technology develops, such customer experiences are expected to become a commonplace.
As seen above, artificial intelligence (AI) will change how we do business and live our lives. To know more about the future of AI, get in touch with us today!
by Bobby J Davidson
We love our company and we love what we do. Check out the ‘Why Percento‘ page to learn more: Love of Technology and Business! As the President of Percento Technologies International, I provide day-to-day leadership to the company’s senior management and I am personally involved in the strategy, business development and sales activities of the firm.
The company was founded in 1999 with the purpose of providing a one call source for organizations in need of Enterprise IT Consulting and Management. We also provide a line of products in the boutique Cloud Server space with a touch of high-end website strategy consulting and design services. We personalizes the IT Service experience with a team approach, working with clients from diverse sectors of industry, including energy services, financial, legal, entertainment, healthcare, hospitality, retail and general and/or corporate business.
Our Mission: “Creating innovative IT solutions for business leaders worldwide through cutting edge technologies.”