AI
,  
10 minute read

How Artificial Intelligence will Change the Future 2021

How Artificial Intelligence will Change the Future 2021

How Artificial Intelligence will Change the Future

Artificial intelligence is the intelligence exhibited by machines, in contrast to that of humans. Its the theory and development of computer systems able to perform tasks that would require intelligence if done by a human. It has been described as a simukation of human intelligence by machines.

The term Artificial intelligence was coined by John McCarthy, who defined it as the science and engineering of making intelligent machines, especially intelligent computer programs.

Artificial intelligence was developed to make computers act more like humans. Ai can be used to teach a computer how to understand language and context in text, identify objects or faces in images, translate text or speech from one language to another, make predictions about future events based on past events and analyze complex data.

How Artificial Intelligence will change the future

How Artificial Intelligence works

Machines can learn from their experiences, adapt to new inputs, and execute human-like jobs, all thanks to A.I. Computers are trained to perform certain jobs by processing massive volumes of data and recognizing patterns in the data.

Some of the types of Artificial Intelligence are

- Machine Learning

- Deep Learning

- Computer Vision

- Natural Language Processing (NLP)

Machine learning helps in finding hidden insights in data using approaches from neural networks, statistics, and operations research without being explicitly programmed for where to look or what to conclude.

Deep learning makes use of massive neural networks with several layers of processing units to learn patterns in enormous volumes of data, making use of increases in computing power and improved training procedures. Two common examples that make use of deep learning include image and speech recognition.

Computer vision is another subfield of A.I. It uses deep learning and pattern recognition to

recognize whats in a photo or video.

Natural Language Processing (NLP) is the ability of computers to analyze, understand, and

produce human language.

How Artificial Intelligence is Revolutionizing the Way we Live

Artificial intelligence is revolutionizing the way we live by making our life easier. By merging the power of the machine and human intelligence, AI has become a vital tool for our society. AI is transforming social care and health care, business management, transportation, agriculture and manufacturing. Here's how;

Health

The life-saving potential of AI is based on its ability to understand and interpret data that is too big for humans to comprehend. It can also process information at a much faster rate than a human can. AI is being used just as much in health care to improve the quality of life of patients by helping them manage their illnesses. Doctors are using AI in medical imaging analysis and research as well as in healthcare systems administration. To put it simply, AI can help reduce the number of fatalities and use data to provide personalized care.

Transportation

Transportation businesses have seen large changes due to Artificial intelligence. For example, Some Taxi-hailing services have been able to optimize their systems so their drivers don;t have to drive around the same places they have been driving before. This allows them to use the drivers time more efficiently and it makes them more productive because they are not wasting their time driving in areas where they already went before. Also, Self-driving cars will make it easier for people to travel from one place to another without worrying about traffic congestion or accidents.

Agriculture

Agriculture has changed a lot over the years with inventions like tractors and greenhouses. Now, AI is changing it drastically as well. There are two main ways in which AI is transforming agriculture: through data prediction and precision farming. AI is able to predict what will happen and future patterns better than any human ever could. It can also use the collected data in better ways than humans can, such as predicting crop yields. This helps farmers know when to plant more or less so that they can be more precise with their planting plans and harvest yields are maximized at all times of the year.

Media

Artificial intelligence is already transforming the way we live, work and interact with each other. It is slowly infiltrating our lives and the future of AI is more than just a sci-fi dream. The way we consume media has been changed by AI as well. We now have algorithms that are able to analyze all our interests, and then serve us the content which they think will be most relevant to us. This means that not only do we get the content we want but also that we get very targeted advertising for specific products and services - so it's a win-win situation for both companies and consumers.

How Artificial Intelligence is Changing the Future of Business

Businesses are now able to use AI to improve their market research, customer experience, and lead generation capabilities.

Artificial intelligence is changing the future of business by making some tasks easier and more efficient. AI has the potential to be a great tool for businesses since it can automate numerous tasks, while also being a cheaper and faster alternative for completing said tasks. AI will be able to complete repetitive tasks that humans would have done in the past. This includes data entry, scheduling, product recommendations, customer service requests, etc. AI is also transforming business management by optimizing time, automating processes, and analyzing data.

One of the most obvious impacts of Ai on businesses is in customer service area. Customer service representatives already spend a lot of their day answering basic questions and looking up information for customers. With the help of AI, they no longer need to spend time doing this.

Companies can use AI assistants to answer simple customer questions in less than 10 seconds or redirect them to a human agent if they need more help.

Ai Jobs
Ai is becoming a big thing in the workplace and the use of Artificial Intelligence is the workplace is growing. Job Listing chart in the Ai secotor by Monster.com.

Artificial Intelligence Growth 2019-2024

Research and Market released their 5 Year Artificial Intelligence Market Report. To summarize the comprehensive report, substantial growth is expected for AI. The market is expected to reach $71 billion with a CAGR of 26% by 2024. Specifically, the opportunities are plentiful for the healthcare, security, retail, automotive, manufacturing, and financial technology (fintech) sectors.

Some of the emerging trends include the growing adoption of artificial intelligence in IoT (Internet of Things) applications and increasing demand for AI-enabled processors. As a reminder, IoT is the interconnection of the internet with everyday objects, enabling objects to send data, receive data, communicate via the internet, and be controlled remotely. Given growing consumer preference for IoT enabled devices (ex. Alexa, Smart TV’s, etc.) and increasing use of autonomous applications, machine learning technology is projected to stay the largest segment, and increase its margin, by experiencing the most growth over the next 5 years.

Within the artificial intelligence market, media and advertising will remain the largest application due to increasing adoption of customer-centric marketing strategies and increasing use of the social platform for advertisements. Additionally, due to advancements in clinical research and growing demand for electronics-based medical equipment and sensors in the healthcare applications, we expect the healthcare segment to witness the highest growth over the forecast period .

Conclusion

We have seen how AI has changed in the past and can predict how it will change in the future. This is because of its ability to learn from mistakes and improve over time. The potential of AI in the future is limitless, it could very well be solving world hunger, curing cancer or even saving human lives from disaster - that;s how vast AI is.

How Artificial Intelligence will Change the Future 2021
David Fitzpatrick
Director
David, the founder of Clear Strategy, is a leading business and technology professional with over 20 years' experience in Data and Analytics.
Why Machine Learning is Important for Business 2021
Why Machine Learning is Important for Business 2021
Machine Learning consists of algorithms that learn from data without being explicitly programmed as well as without human intervention. Heres why machine learning is so important for business.
AI
10 minute read
5 Great Reasons to Pursue a Career in Data Analytics 2021
5 Great Reasons to Pursue a Career in Data Analytics 2021
Data analytics and the analysis of data are rapidly growing industries. Data is growing exponentially and the demand for data analysts and data scientists is ever increasing
Analytics
15 minute read

Big Data Moves Fast.
Don't Wait.

We work with large organisations and businesses to unlock their potential through Data, Analytics and AI.
Get Started