7 Industries Using Artificial Intelligence (AI) in 2020

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Artificial Intelligence and Machine Learning have a rapidly growing presence across the globe today, with applications ranging from heavy industry to education. From streamlining operations to informing better decision making, it becomes clear that this technology has the potential to truly revolutionize the way the world works each and every day!

While AI and ML can be applied to almost each and every sector, once the technology is sufficiently advanced, there are many other fields that can reap the benefits of AI now or what will happen soon. According to a panel of members of the Forbes Technology Board, here are the seven industries that are revolutionizing by AI.

  • Cybersecurity

The surface of the company attack was very large. There are countless permutations and combinations where the enemies can attackers. It is very difficult for organizations to analyze and improve their security posture. With its power to bring complex reasoning and self-learning by automated means on a large scale, AI will be a game-changer in the way we increase the resilience of our virtual world.

  • Manufacturing

AI in the world of manufacturing has unlimited potential. From preventive maintenance to human tasks automation. AI will enable more efficient jobs that are more prone to errors and have higher quality. Some of the new initiatives from technology giants such as Microsoft AI and leading small companies such as AtBot will revolutionize AI for all the information workers.

  • Health Care

Health services just started their AI journey. The computer vision against the X-rays shows promise to help show disease; neuro-linguistic programming shows promise in drug safety. Machine Learning shows promise to find patterns in a population. After we reach the point of true information interoperability, supporting the safe exchange of health data, all these promises will join forces to become a breakthrough for patients.

 

  • Construction

The construction industry has long served by the software and technology sector. Many new startups use AI in a big way to take the construction industry tomorrow. Bringing AI and Machine Learning into this industry will make the construction process faster, cost-effective, and safer by better reducing human errors and utilizing big data.

  • DevOps and Cloud Hosting

AI started making a sign at the DevOps. At present, Amazon has launched machine learning for its Elastic Compute Cloud machines, which applies to auto-scaling predictive instances. Other cloud vendors are following some of the similar technologies.

In the coming ten years, we can see the same thing being applied to bigger things such as infrastructure provision and code dissemination.

  • Business Intelligence

Companies are overwhelmed by the volume of data which is being generated by their customer, processes, and tools. They found some of the traditional business intelligence tools failed. Spreadsheets and dashboards will be replaced by the AI-powered tools that explore data, make recommendations, and find insights automatically. These tools will change the way companies use data and make decisions.

 

  • Logistics and Supply Chain

According to the report, AI will account for around $15.7 trillion to the global economy by 2030, and this has serious implications for the supply and logistics sector.

The sector is embracing AI in its processes because the tool promises to solve the inherent complexities of global logistics. If implemented correctly, AI can enable companies to make agile and smart decisions while foreseeing problems in advance.

AI can streamline day to day procurement jobs via automation and augmentation. For routine tasks, chatbots can speak with suppliers, place purchasing orders and answer internal questions and file documents as well.

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