- April 3, 2023
- Posted by: Aelius Venture
- Categories: Artificial Intelligence, Coding, Development, Information Technology, Innovation, International, IOT
AI has made great strides and is now more than just a fiction-based idea. The 2054 predictions made in the acclaimed movie “Minority Report” are coming true faster than expected. In a study conducted by researchers at the University of Oxford, it was found that AI will surpass humans in a variety of tasks by the years 2024, 2026, 2031, 2049, 2053, and 2031 in terms of writing essays for school, selling products, and writing bestselling books.
Future AI: More Intelligent, Less Artificial
These are just a few instances of the possible developments that ai will offer about. Machine intelligence Future developments may seem far off, but they will arrive faster than we can imagine. Leading technology companies are competing to integrate artificial intelligence into our daily lives, which will pave the way for an amazing and thrilling future.
- Imagine that instead of a key, you could open the door to your hotel with your face. Your facial expression will be your ID, making it easier and faster to do everyday things.
- Get ready for smaller drones to bring your goods right to your door just minutes after you place an order.
- AI-powered virtual assistants will make calls that sound like they are coming from a real person. For example, if you want to make an appointment at your local salon, the virtual assistant will understand the nuances and context of what is being discussed.
What Future Changes Can AI Expect?
Here are some ways that AI will change the future, based on recent technological advances.
1. The Future of AI in Healthcare
AI will be essential in helping to prevent nearly 86% of errors in the healthcare sector. The use of AI in healthcare will help democratize the industry for the good of both patients and healthcare professionals, while also reducing costs and improving accuracy through forecasting care. Artificial intelligence as well as predictive analytics can be used to better comprehend the different factors (birthplace, eating habits, native levels of air pollution, etc.) that affect a person’s health. Future healthcare systems powered by AI should be able to predict when a person would be most susceptible to getting a chronic illness and suggest preemptive treatment to stop it before it gets worse.
The development of applications powered by AI to assist doctors in diagnosing and treating patients is the subject of numerous types of research, and this technology will undoubtedly revolutionize how patients receive better medical care. As robots interact with patients, monitor their health, and assess whether or not a doctor’s appointment is still necessary in the future, you can anticipate a completely different future for healthcare. Doctors, nurses, scientists, as the list goes on will always be needed. However, AI will make our lives easier by improving the actionability of the clinical as well as healthcare data we produce.
2. Future of AI in Retail
These figures show unequivocally that AI holds great promise for retailers, offering a variety of applications for smarter business decisions. Future drones powered by AI should be able to deliver packages weighing up to five pounds in much less than 30 minutes. Although there isn’t a firm deadline for the use of these drones for commercial purposes just yet, Amazon already is working on determining the proper safety and dependability of processes for delivering packages. However, you can expect the autonomous shipment of products and food using drones within the next ten years.
In addition to autonomous delivery, the future of AI in retail will be more autonomous and individualized, with plausible scenarios including connected dressing rooms to screens, virtual shelves customized according to data-defined personas, and a great deal more personalization based on past behavior and trends to make consumer decisions less stressful and chaotic.
3. The Future of Ai in Banking
AI in banking is expected to be worth $300 billion to businesses around the world by the end of 2030. In the next ten years, AI will be at the center of industries like business intelligence and security, helping to cut costs, boost productivity, and improve the customer experience. Robo Advisors will become common in wealth management. They will change the way banks work and save a lot of time for both wealth managers and their clients. In the future, banks will not only customize their services and products, but they will also use AI to customize their customers’ experiences. A great example of this would be if you didn’t have to show your ID card when you went to the bank, but you were still greeted by your name and they knew everything about your account history.
4. AI Will Create countless New Job Possibilities
With all kinds of work being done automatically by AI, we can imagine a more pleasant future that will generate fresh employment opportunities instead of taking them away. A report by the World Economic Forum called “The Future of Jobs” says that AI would then create 58 million fresh employment opportunities by 2022. There’s a good chance that by 2030, AI will be better at most mental tasks than humans, but that doesn’t mean it will take jobs away.
In fact, the Indian AI industry has grown by twice as much in 2019 as it did in 2018. In just one year, three times as many companies have been working on projects that use AI, and this trend is likely to keep going. India almost doubled the number of AI engineers it had in 2019 (from 40,000 in 2018 to 72,000 in 2019), but it still has trouble finding people with the right skills. The Indian AI industry is growing because professionals are learning new skills and moving into jobs as artificial intelligence engineers. They do this by taking different mentored AI courses.
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