Five Industries Set to Experience an AI Revolution

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    When people in the job market hear the word artificial intelligence (AI), they usually associate this with negative connotations. People expect AI to be accompanied by a revolution of robots ready to take over the jobs of humans.

    However, artificial intelligence across several industries is typically designed to make jobs easier and safer for humans – not to replace them at all. Plus, the implementation of artificial intelligence also helps create new jobs for people.

    Finance

    AI and Machine Learning algorithms will be very prevalent in the upcoming decade. For example, there are some algorithms that can make data-based decisions about when stocks should be bought or sold. These highly intelligent machines can analyse big data and use advanced mathematics to develop and implement trading strategies.

    Construction

    AI in construction will allow for more efficient projects in which the safety of human workers is not compromised. It will be used in a range of different ways. More notably, AI can help prevent projects from going over budget and reduce the time it takes to complete them. Through AI-powered generative design, construction firms will also be able to explore a variety of architecture, mechanical, plumping, and engineering plans.

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    Healthcare

    The recent coronavirus pandemic accelerated the shift towards digitisation and automation in the healthcare industry. More specifically, hospitals began adopting practices such as online symptom checkers and virtual agents. Artificial Intelligence can also be used to reduce the amount of mundane tasks health workers use, freeing up their time that can be better spent in other areas of the hospital. Not only this, but it can also reduce the likelihood of human errors, which in some cases could even mark the difference between the life and death of a patient.

    Lifestyle

    We’ve already noticed the impact that Artificial Intelligence poses on our lifestyle through the advent of smart home devices like Amazon’s Alexa. These chatbots have provided greater convenience to our lives and this is only just the beginning. For example, we may see fridges in the future use predictive algorithms to reorder any items that are low on stock.

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    Education

    Although a human touch is essential in the field of education, teachers and professors will be able to employ AI technology to help improve their day-to-day tasks. For example, technology can be used to personalise educational content and offer an individual learning experience. Similarly, it can be used to help school administration by monitoring inventory, traffic flow in hallways, and even building temperatures.

    At the end of the day, it’s important that present day workforces brace themselves for the changes and disruptions AI will bring to their chosen career sectors. Whether people like it or not, there are billions of dollars being invested into the research and development of artificial intelligence tools and software. It’s nothing to be afraid of, on the contrary, it’s something to welcome with open arms. Thanks to AI, you’ll be able to perform your job with greater speed, security, and accuracy.