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Artificial intelligence is one of many powerful emerging technologies that has penetrated several areas of human endeavor. The benefits of AI technology cuts across every mainstream sector imaginable: from healthcare to business and automobiles.
You may not know, but we interact with one form of artificial intelligence or another in our everyday lives. Artificial intelligence touches many aspects of our day-to-day activities for obvious reasons.
Machine learning, one of the most successful AI development methods, allows programmers to teach computers how to mimic human intelligence, solve complex problems, and perform repetitive tasks without human error.
But automation is just one of the benefits of artificial intelligence. Keep going to see the incredible things AI technology makes possible in over 15 different sectors.
Artificial Intelligence Advantages Across Different Sectors
Whether you are aware of it or not, AI technology entangles itself with our everyday lives on many levels. Get up to speed with how AI affects the world with these artificial intelligence facts.
Sometimes the application of artificial intelligence might be inconspicuous, merely used to touch up the accuracy of traditional systems such as the predictive features of Netflix movies recommendation.
In other cases, we have machines fully powered by artificial intelligence that give them advanced computing capabilities. Here, you can easily see the footprints of AI technology, like the automation of self-driving cars.
While the advantages of Artificial Intelligence are numerous, let us consider a few for the sake of this article.
Getting Rid of Human Error
Although a computer is more accurate than a human being, it can not always solve complex problems. However, an AI system programmed properly using deep learning can imitate simple human functions and carry out the same task at a higher level of accuracy.
In the best cases, such AI systems have a spot on precision with zero data processing mistakes.
Reducing Risks
Reducing risk is probably one of the most glaring benefits of AI.
Artificial Intelligence in robotics allows mechanical computers to perform dangerous and repetitive tasks in place of humans.
AI technology enables us to leverage the invulnerability of metal-bodied robots. An AI robot can bear the burden of undertaking life-threatening tasks without putting human lives at stake.
Freeing Up Human Beings
Since AI-powered tools can do repetitive tasks tirelessly with better precision, they save human resources for more complex tasks. This field has seen rapid development over the last few years.
AI software designers have created automated workplaces that allow people to interact with enterprising entities over a digital platform.
A prime example of such tools is chatbots. They are digital assistants capable of performing the tasks of typical human customer service.
Chatbots are automated tools based on natural language processing, a branch of computer science and artificial technology that uses deep learning to instruct computers to understand human language.
Chatbots address customer concerns and queries expeditiously, significantly skyrocketing conversion rates and overall business efficiency.
Benefits of Artificial Intelligence
Let’s get right into the list of benefits of artificial intelligence in various industries and sectors.
Agriculture
1. Smart Agricultural Farming
Artificial intelligence enriches the agricultural sector with IoT-based farms. These tools give real-time data on a farm, allowing farmers to monitor and remotely take care of their plantation.
2. Boost Farm Produce
AI provides insightful data analysis on soil fertility, weather forecasting, fertilizer recommendations, and harvest timing. They help farmers develop optimal agricultural practices like crop cultivation strategies and ways to improve yield.
3. Smart Decision-Making
Predictive AI systems analyze data to help farmers make smarter business decisions by accessing market demand and speculating future prices.
Arts & Entertainment
4. Deepfakes
The film industry can resurrect legendary actors by rendering realistically-looking manipulated videos using deepfakes. Deepfakes use deep learning to replace a human face and play with its image.
5. Personalized content
Streaming services use predictive AI algorithms to determine user preferences. Streaming platforms like Netflix integrate artificial intelligence that uses historical data to guess your favorite TV shows.
6. Movie project manager
Film production assembles a diverse range of professionals on one set. As a result, filmmakers spend a lot of time and effort coordinating everyone. They can use artificial intelligence to create tools that automatically moderate a movie set to maximize efficiency.
7. Automated subtitle generator
Movie producers can use AI to generate subtitles automatically. Usually, producers targeting a large market must transcribe their content into several languages in different regions.
8. Search Optimization
Typically, search engines pull information from the internet using keywords. Artificial intelligence allows users to make queries with images and fetch other related pictures as results.
Criminal Justice
9. Predictive Profiling and Risk Assessment
Artificial Intelligence also creates tools that can predict and fight crime.
Law enforcers use AI systems to profile and speculate the likelihood of a target committing a crime in the future.
10. Fraud Detection
Fraud detection AI systems use machine learning to identify and flag suspicious or fraudulent activity. Such AI systems are trained with data from known scams in the past to spot sketchy-looking transactions.
11. Facial Recognition
Law Enforcement agencies enjoy the benefits of artificial intelligence in crime investigation. In policing, officers run surveillance footage through facial recognition software powered by artificial intelligence to establish the identity of culprits and detect malicious behavior.
12. Vehicle Identification
Vehicle identification is another AI investigative tool to aid criminal justice.
These tools leverage an advanced deep learning algorithm to discover the plate number of vehicles in low-quality pictures or surveillance footage.
13. Justice Department
Through DNA analysis AI tools in forensic labs, legal deliberations reach faster conclusions, and the court can re-visit cases closed due to a lack of substantial evidence.
Education
14. Task Automation
Automotive tools powered by Artificial intelligence can save teaching staff the stress of doing time-consuming, repetitive jobs like data entry, planning research papers, grading assignments, and several other tasks.
15. Personalized Learning
Schools and Higher institutions reap the benefits of AI by offering scholars higher-quality education.
Personalized learning allows students to shape their own learning experience.
16. Visual Learning
Engaging the imagination of learners helps them understand faster and improves retention, especially for abstract subjects.
Graphic AI tools allow educators to generate visual elements and incorporate them into lectures.
17. Examination Monitoring AI Systems
Traditionally, Examiners have no way of monitoring online examinations, giving the participants free roam to cheat.
Artificial Intelligence Online Proctor Software prevents malpractice by keeping an eye on microphones, webcams, and web browsers.
18. Remote Learning
One of the easy-to-notice benefits of AI in education is online learning. If you have an interest in AI, feel free to check out this list of the best online artificial intelligence courses.
Udacity, Coursera, edX, and other online learning platforms, automatically take users through courses and issue globally recognized certificates of completion.
Finance
19. Robo-advisors
Robo-advisors are virtual financial advisors that barely need any human intervention. While interacting with the user via chatbots to exchange information, these AI cognitive automation tools analyze data like spending habits and revenue streams to help people develop successful saving plans and explore investment strategies.
20. Insurance Pricing
Thanks to AI-powered financial tools, insurance companies can digitally access risk assessment and estimate the insurance rate of a client with a few keystrokes. Insurance pricing is another routine, time-consuming task that an AI algorithm can handle.
21. Credit Appraisal Bots
We have AI-enabled credit analysis software that can screen loan applications to access the creditworthiness of the applicant-without human supervision.
22. Quantitative Trading
Financial organizations are always looking into the future, eager to tell where the market is headed and take profitable trades. Some Artificial intelligence tools can do research and perform data analysis on large, complex datasets to predict the outcome of the market many years into the future.
23. Customer Service
AI developers build customer service bots that mimic human communication skills. Progressive firms use these interactive AI-enabled computers to automate customer service.
Healthcare
24. Medical Diagnosis
This implementation of AI in healthcare attracts the most attention. AI diagnostic tools use analyzed data from medical records plus existing symptoms to identify early signs of disease in a patient.
25. Drugs Discovery
The considerable time it takes to research and test new drugs limits pharmaceutical production companies. The ability of Artificial intelligence to handle repetitive tasks like drug testing causes a significant improvement in the performance and efficiency of the drug development industry.
26. Patient Experience
The benefits of AI in healthcare improve the smooth running of medical facilities to give patients a better experience. By augmenting the limited supply of professionals with artificial intelligence trained with expert knowledge, healthcare facilities can handle more data points daily.
27. Medical Data Management
Healthcare providers deal with thousands of patients every day. Since human intelligence is prone to errors, sometimes files go missing. Watson by IBM provides reliable data management by partitioning data points into silos. With this technology, healthcare facilities can effectively manage their database.
28. Surgical AI Robots
Robot-assisted surgeries have taken the precision of invasive procedures to the next level. The lead surgeon uses a computer console to control the robot while receiving 3D, zoom-adjustable visuals of the human body through pre-installed cameras on the robot.
29. Patient Monitoring
With patient monitoring AI systems, healthcare professionals can monitor the vitals of patients that are out of the hospital.
Manufacturing
30. Intelligent Virtual agents
Virtual agents provide a streamlined experience for users. They allow users to request and access information from computers like they would a human. Developers use Natural Language Processing (NLP) to give such systems human-like communication skills.
31. Production Asset Management
AI Equipment inspection tools detect faults in machines that could worsen over time and lead to a complete breakdown if ignored. By delegating preventive maintenance checks to this tool, manufacturers can conserve human workers, boost productivity, and optimize their overall equipment effectiveness (OEE).
32. Plant Surveillance
One benefit of AI in manufacturing is the access to a 360 view of plants, warehouses, and installations. A birds-eye view of the entire operation provides better security and coordination.
33. AI-assisted Project Management
This bleeding-edge technology simplifies the initiation and organization of new projects. AI-enabled project management tools generate a template containing the necessary materials, equipment, and procedures for realizing a predefined goal.
34. Automate Mundane Tasks
During manufacturing, monotonous tasks that cause fatigue and injury to the human body can be assigned to AI-powered robots, saving human resources for less risky, higher-level tasks.
35. Inventory Management
Taking inventory is another repetitive task that artificial intelligence systems perform well. That way, manufacturers save production costs and increase business efficiency by leaving stockpiling and inventory analysis to AI tools.
Marketing & Business
36. Product Personalization
Artificial intelligence can define customers’ behavioral patterns by studying their purchase history, demographics, and location. These findings help brands design more appealing products for their target consumer base.
37. Personalized Marketing
AI algorithms can make striking predictions of the future based on historical data. Marketers can leverage this tool to expose ads to target audiences that are more likely to interact.
38. Automated Marketing
Chatbots, an automotive software with human interaction capabilities, are taking over customer service desks. Marketers use AI to chase down leads and reach prospective customers/clients.
39. Optimising Marketing Strategies
AI can do impressive things with user data. AI developers use training data to teach computers how to make accurate predictions of user preferences, thereby skyrocketing the efficiency of marketing campaigns.
40. Real-time Analytics & Insight
One of the richest benefits of AI in marketing is access to automated analytics and insightful information on consumers in real time. By crunching user data into graphs, metrics, and other visual representations, AI helps brands become more informed on consumer engagement.
Mining
41. Remote Exploration Data Analysis
Streamlining the exploration of valuable raw materials is one benefit of artificial intelligence in the mining industry. Instead of sending out humans to investigate target areas for exploitation, Thanks to research-based AI tools, the mining industry can save resources by carrying out research from the comfort of a computer console.
42. Autonomous Mining Equipment
The mining industry benefits from automotive AI machines. Mining-focused software firms have started exploring the automation of vehicular equipment used for mining operations with artificial intelligence.
43. Safety & Security
Safety is a critical aspect of the mining industry. By combining the sensitivity of sensors to ambient changes with the sensibility of AI algorithms, the mining sector can predict and prevent disasters before they occur.
44. Improved Raw Material Sorting
Experts integrate AI into existing techniques for sorting raw materials to advance the process. This AI-powered sorting technology uses machine learning to optimize the accuracy of sorting techniques over time.
45. Resource Discovery
One of the benefits of AI in the mining industry is aiding the discovery of material resources. Miners can leverage AI to locate gold mines by performing predictive analysis on extensive data.
46. Mineral Processing
Integrating AI with vision technology eases the identification of natural minerals and rock samples. Specifically, deep neural networks are used to analyze more data and automatically derive the nature of materials.
National Security
47. Predicting Weapon Failure
In defense, the automotive capabilities of AI technology come in handy. Instead of manually performing routine checks on weapons to verify their efficacy, the military predicts mechanical failures using artificial intelligence.
48. Analyzing Intelligence
Off the battlefield, AI can improve intelligence analysis by using image recognition to discern people or objects in low-quality footage.
49. Fully-automated Combat Systems
Amongst its defense applications, the military harnesses AI to create self-actuating weapons. Military applications include self-driving tanks, machine guns that can identify targets with facial recognition software, and self-flying drones.
50. Logistics
Through machine learning, a subset of artificial intelligence, computers can analyze tons of data and determine the best routes for transporting military supplies such as fuel, spare parts, weapons, and ammunition.
51. Combat Strategizing
Applying AI algorithms to drones and other warfare weapons enables the military to survey borders, detect threatening areas, and report suspicious activities to a dedicated response team. In doing so, military forces gain a strategic edge during warfare.
52. Combat Simulation
The department of defense uses Military training simulation software to prepare soldiers by testing their reactions in a pseudo-combat situation. AI development in this field combines system engineering, software engineering, and data science.
News & Information
53. Virtual Writing Assistants
Enhanced journalism has become a buzzword in media houses. Writers feel the benefits of artificial intelligence through AI-writing assistants, NLP-powered tools capable of stripping down some of the rigors of composing texts.
54. Documentary Research
Artificial intelligence helps journalists gather information for putting together documentaries. Thanks to machine learning, some algorithms comb through large arrays of data, indexing and improving the quality of their results with each iteration.
55. Content Optimization
Some content optimization tools powered by AI improve the visibility and quality of texts. One of these tools automatically researches hundreds of contents on the internet and derives the best keywords for improving the SEO-friendliness of a piece.
56. Data Processing
Journalists constantly deal with research and data analysis of facts and statistics (especially while creating infographics). Artificial intelligence thrives in big data processing solutions, picking apart masses of data.
57. Fake News Filters
Fake news goes against everything journalism stands for by propagating falsehood instead of truth. Deepfake detectors are capable of differentiating manipulated media from original content.
58. Robo-writers
The tiring aspects of journalism, thumbing through social media feeds to find newsworthy posts, saps the joy out of this line of work. Robo-writers are automotive services that monitor social media content, sparing journalists to focus on the more creative sides of their vocation.
Real Estate
59. Automated Marketing Campaigns
The commercial real estate world benefits from this emerging technology via AI-powered marketing campaigns. Realtors can collect information on their target market and leverage machine learning to find insightful patterns.
60. Virtual Customer Service
Chatbots have penetrated many sectors. And the real estate business is no exception. These virtual assistants handle customer relations, answering questions and ultimately guiding customers further down the sales funnel.
61. Pattern Matching
Artificial intelligence can boost customer satisfaction in this industry by using machine learning to develop unique solutions for investors. Pattern matching allows realtors to match consumers to their preferred property by analyzing customer behavior.
62. Speeding Up Bureaucracy
The power of AI to automate manually removes some of the bureaucratic hassles in the real estate industry. Mixing Computer vision with natural language processing, two branches of AI, allows realtors to scan and identify issues in a document with a computer.
63. Property Management
The combination of AI and IoT creates a hybrid tool that helps business owners better manage their properties. AI project management applications give access to on-demand data on the condition of a building and predict faults.
64. Smart Cities
Smart cities are one of the many benefits of the AI-IoT hybrid. The general goal of a smart city is to boost economic growth, uptick the vibrancy of a city, and improve the quality of life of its citizens.
Retail
65. Personalized Products
In sales, it is essential to satisfy the whims of the consumer. AI predictive tools help brands better understand what makes their target audience tick.
66. Decision-Making
Experienced companies can increase their competitive edge and continue making smarter business decisions by reviewing previous results with AI analytic tools and reinventing their strategies to reach desired outcomes.
67. Optimize Supply Chain Efficiency
AI tools fetch and analyze real-time GPS data to help logistic drivers find the best routes at any given time. Additionally, AI robots can help logistic firms with heavy-lifting tasks like carrying packages set for shipping.
68. Inventory Management
Trained AI algorithms determine the best possible configurations for stockpiling goods based on sales season, consumer preference, and weather conditions.
69. Cost Reduction
Traders can slash the costs of running a business by outsourcing tasks to artificial intelligence that traditionally requires paid manual labor.
70. Security
Advanced technologies powered by artificial intelligence allow organizations to curb the risks of data leakage by detecting and reporting suspicious movements of data.
Science & Technology
71. Aid Scientific Research
Deep neural networks, a type of AI algorithm, help data scientists and researchers integrate the mounting observations from new astronomy and physics experiments into their studies.
72. Forging a New Approach to Scientific Discovery
Developing a theory from observational data by feeding it into a kind of AI algorithm, a generative adversarial network creates an ingenious way of learning about the universe.
73. Advancement in Research Technology
Traditionally, scientists proposed new theories using purely human faculties of observation, eureka, and imagination. We now have more advanced research technology, allowing scientists to reach hypotheses and make simulations using artificial intelligence.
74. Automating Research
Traditionally, scientists have relied on pattern recognition to solve problems and develop new theories about the universe. Advanced AI algorithms can recognize patterns much faster than the human brain.
Transportation
75. Self-Driving Cars
Popularized by Tesla, self-driving cars have become a convenient way to travel in a fully-automated vehicle. Self-driving cars use a combination of neural networks, image recognition, and machine learning to achieve autonomous driving.
76. Route Optimization
If you have ever used Google Maps before, then you are pretty familiar with this application of AI. There are guidance systems that re-route you depending on traffic and other factors.
77. Big Data Analytics
Handling big data is another colossal benefit of Artificial Intelligence. With research and data analysis of package sizes, bus routes, and commuter details transport services can make more informed decisions, cut operation costs, and make transport easy for everybody.
Benefits of AI (Roundup)
In a nutshell, Artificial Intelligence has a far-reaching influence globally across all facets of human endeavor.
Although people tend to fixate on the future possibilities of AI technology and even over-fictionalize it, artificial intelligence has numerous current applications in everyday life, including under-the-hood applications like research.
One thing to catch from all this is that most industries have similar driving forces: data, human labor, research, strategy, and overall business efficiency. Artificial Intelligence somehow makes its way into all these sectors, offering significant improvements and near-flawless solutions to pain points in any of these areas.
As we march forward with the arrow of time, we can expect existing applications of AI to reach widespread adoption in future generations and become fully integrated into the system.
In other words, AI tools would have fully penetrated all works of life, replacing repetitive manual labor with AI robots, automating market analysis, and freeing human workers for more creative processes.
As an active area of research with $93.5 billion of investment funding as of writing, we can expect the complete adoption of artificial intelligence in our day-to-day lives in the near future.
Conclusion
Despite worries that artificial intelligence will wipe out jobs and spike unemployment rates, the opposing argument says that reduced cost of production and heightened productivity will bolster world economics and usher us into a generally better world.
As computer scientists continue to develop AI, the benefits of artificial intelligence far outweigh the potential negative effects.
