The rapidly growing implementation of AI across numerous industries will drive momentous growth in the coming years, AI software revenue set to reach approximately $90 billion by 2025. This astonishing technology, companies can achieve new levels of efficiency in data analysis that impact their whole business.
There are various key AI trends that we can expect in 2020.
I’ll look at the impact of AI mainly on two rapidly progressing industries: the Automotive Industry and the Healthcare Industry.
Impact of AI on the Healthcare Industry
Artificial Intelligence in healthcare is truly mind-blowing. This outstanding technology is revolutionizing the health sectors in numerous ways. Whether it’s about drug development or clinical research,
Artificial Intelligence is playing a key role in improving patient’s outcomes in terms of better treatment methods, speed of care and more at reduced costs also allows doctors and hospitals to access huge data sets of potentially life-saving information.
The latest computing power helps in discovering and analyzing various large and small trends from data and even makes predictions by means of machine learning, which is designed to identify potential health outcomes.
Cost-effectiveness and high-efficiency are attracting huge investments from both private and public sectors in the healthcare industry.
As per a study, the investment rate will touch $6.6 billion by 2021. Another report by Accenture shows that AI applications can create annual savings of $150 billion by 2026 for US healthcare.
Key examples of AI tech innovations in the health care industry include:
Visually Expressive Robot: visually expressive robot was launched by Dell Technologies. This robot was used to teach autistic kids between 5 to 17 years regarding how to identify signs of emotion. In the present time, this robot is used in educational facilities in 27 U.S. states.
Connecting ALS patients: ALS is a deadly also known as Lou Gehrig’s disease, neurodegenerative disease that leads to the death of motor. It further leads to difficulty in speaking, swallowing and breathing issues, weakness, and paralysis.
Use AI technology known as a brain-computer interface (BCI) facilitates people who have lost their ability to speak or move, to communicate again.
This technology helps patients to type with their eyes onto a monitor that vocalizes their thoughts through computerized decoding. It also allows patients to read books, emails and stay connected to the world.
Impact of AI on Automotive Industry
the automotive industry is not only about self-driving cars but also about keeping ourselves safe, on schedule and connected while driving. Due to the growing use of AI applications in the automotive industry, it is estimated that the value of AI in automotive manufacturing and cloud services will exceed $10.73 billion by 2024.
Key Applications of AI in the Automotive Industry
Now let’s look at the various applications of AI in the automotive industry that is impacting automakers, vehicle owners, and service providers:
The AI Driving Features
There are basically two kinds of functionalities when talking about driving cars with AI. These functionalities can be categorized asAI Trends in Human Resources in 2020 and Beyond a) Driver assistant and b) Driverless automobiles.
Driver Assistant: AI offers safety features like emergency braking, cross-traffic detectors, blind-spot monitoring, and driver-assist steering for connected vehicles to help avoid accidents.
AI can identify dangerous situations and alert the driver about the same or even take emergency control of the vehicle to avoid an accident.
Driverless Automobiles: that were part of science fiction movies in the past have become a reality today with the help of artificial intelligence.
Also, know as an autonomous vehicle (AV), robotic car, or connected and autonomous vehicle (CAV), the driverless car is a vehicle that is designed to sense its environment and move safely with little or no human participation.
Some leaders of the driverless automobile are Google and Tesla they are spending millions of dollars on research and development to bring out better technology and to make autonomous cars hit the road.
AI Cloud Services
AI cloud platforms ensure that data is available as and when required. Cloud services provide an ideal platform for staging and deploying AI technology in the automotive field, which includes analytics, big data access, and centralized connectivity. AI cloud services can help in:
Predicting Maintenance: by monitoring hundreds of sensors and detecting any issues before they affect vehicle operation.
Individualized Marketing: platforms provide an ideal solution to precisely target a captive audience of qualified prospects.
AI Automotive Insurance
AI helps to make the whole process of filing claims in case of accidents, fast and reliable. The help of deep learning technology, AI automotive insurance helps in:
AI-Powered Driver Risk Assessment: Al can give any required details about a driver can be found easily that may affect his/her ability to drive safely.
DIY Auto Claims: AI can give all the essential information to the drivers regarding repairing their vehicle and what all will be covered under insurance.
AI in Automobile Manufacturing
AI also plays a key role in building automobiles. AI also can play a role in empowers robots to identify defects or irregularities in materials and alert quality control personnel.
There is no doubt that AI we transforming industries. AI technologies support assorted environments and scale to meet the changing needs of industries, choosing the best AI software development services can help businesses in their digital transformation.