From self-driving cars to chess-playing computers, artificial intelligence and machine learning has already come a long way.
What started as research into problem solving that mimicked basic human reasoning has since paved the way for household named voice search assistants such as Siri, Google Home and Alexa.
Fast-forward to present day, deep learning breakthroughs have driven a boom in artificial intelligence adoption amongst many industry sectors…. And with that, comes greater reliance on data.
AI and Healthcare
Artificial intelligence coupled with 5G capabilities could potentially have the biggest impact on the healthcare industry. Lifesaving treatments could be carried out locally within the field rather than in a hospital – remote ‘telesurgery’ will use wireless networking and robotic technology to connect surgeons and patients who are not in the same physical location. AI applications such as personal healthcare assistants can act like life coaches, reminding patients to take medication, exercise or eat healthier.
AI and Manufacturing
The application of artificial intelligence technology is leading the way in the manufacturing industry, with the application of AI-powered analytics data to improve efficiency, product quality and employee safety. From predictive maintenance relating to asset malfunction that drastically reduces costly unplanned downtime to an increase in robotics, freeing up humans to take on more advanced positions in design, maintenance and programming.
AI and Banking
Notoriously resistant to change – banking seems to have embraced advancements in technology in a way that has revolutionised the way we manage our money. The shift to online banking has been made possible through AI-powered biometrics such as smart phone fingerprint sensors, facial and voice recognition to fine-tune authentication.
NatWest became the first major high street bank to harness AI technology by allowing customers to open accounts remotely with a selfie.
There’s no doubt artificial intelligence will dominate large parts of life as we know it, it already has and will continue to do so. Ironically, as we interact more with our devices, we interact less with each other verbally.
Either way, AI is supporting these growing trends in society, allowing us all to access information and perform everyday tasks more quickly and efficiently – ultimately freeing up time and human resource, allowing both to be put to better use.
From a business perspective this allows human brain power to be focused on developing relationships and dreaming up innovative new ideas, rather than just number crunching.
How much longer can your business survive without adopting artificial intelligence applications?