6 industries with massive potential for AI integration

6 industries with massive potential for AI integration

Artificial intelligence represents a new way of interfacing with data. With the cost of sensors, data storage, and analytics plunging, nearly every industry can now produce exabytes of data concerning its daily operations, from the temperature of a computer processor to the vibration in a bearing.

AI can work with human data too. Our social media footprints, buying habits, entertainment preferences, and our daily routines offer a wealth of psychological data. AI technology is already being employed to investigate how we think and act, and the media you’re consuming right now may be a product of those algorithms.

Artificial intelligence promises to simplify the analysis of all this data by optimizing the analytic process. By shifting data optimization from humans to computer programs, useful insights into patterns, trends, and applications can be rapidly developed and executed. The broad applications for AI integration, coupled with the massive benefits it can provide, have led many experts to consider AI as the fourth industrial revolution. It’s a brave new world, and industry leaders are betting big on their new robot overlords. Here’s a look at six industries that have massive potential for AI integration.

Shipping and logistics is a global enterprise, with a combined revenue estimated at about $8 trillion. Responding to plummeting costs for sensors and data storage, industry leaders are now looking to artificial intelligence and machine learning for even greater improvements to efficiency.

Coordinating billions of individual products and commodities through the global shipping network is a task already well beyond human management capabilities, and AI systems are sifting through the supply chain. The applications for AI in logistics are broad, covering supply and demand, inventory, coordinated shipping networks, vehicle maintenance scheduling, and more. With AI, distribution could experience “unimaginable levels of optimization in manufacturing, logistics, warehousing and last mile delivery,” said German shipping giant DHL in its 2016 Logistics Trend Radar report.

Artificial intelligence could redesign the health care industry from the bottom up. Researchers predict a potential market of $6.7 billion for artificial intelligence systems in the industry by 2021, prompting investment by tech giants like Google, IBM, and a small army of startups. Artificial intelligence also has exciting implications for the design of treatments themselves.

Bleeding-edge medical innovations like CRISPR-Cas9 gene-editing technology could take a massive leap forward as AI algorithms predict the outcomes of gene manipulation. AI tech is also being utilized in the operating room with AI-powered surgical tools — more than three million robot-assisted surgeries have already been performed since the technology was first developed almost twenty years ago.

Artificial intelligence is finding another home in retail and advertising. Through the use of machine learning algorithms and automated sales associates, robots are taking over the advertising industry, and your personal data is the engine driving the global-scale integration.

Posted on 7wData.be.