Simply put, it translates into the ability of a computer or computer-controlled robot to perform tasks that are usually associated with intelligent creatures, usually humans. As a result, it exhibits the ability to reason, find meaning, generalize, or learn from experience..

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AI Applications across Major
Simply put, it translates into the ability of a computer or computer-controlled
robot to perform tasks that are usually associated with intelligent creatures,
usually humans. As a result, it exhibits the ability to reason, find meaning,
generalize, or learn from experience..
Related To know about: Top 15 Emerging Technology
Stats That You Must Know in 2020
Now, let’s consider the applications of AI in some major industries, rather
than merit order.
Important AI applications that disrupt major industries
1. Health care
The entry of technology giants such as Microsoft, Google, Apple, and IBM
is of considerable importance to the healthcare industry. AI is currently being
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applied to health care needs, including data mining and medical imagination
management, drug discovery and robotic surgery to identify patterns and
perform more accurate diagnosis and treatment.
To know more about How AI and Robots are Shaping Healthcare
One case in point is the application of the IBM Watson (AI tool) to obtain
the meaning and context of a structured and structured data set that is critical
to selecting a treatment plan and then analyzing the patient’s medical record
for identification. Potential treatment plan. In other words, IBM Watson
works as a human therapist.
2. Retail and E-Commerce
Retail and e-commerce is probably the only place where the app of AI can be
found for most of the end-users. Being a competitive space, companies are
always looking for ways to find patterns in consumer behavior and thereby
leverage their strategy to outperform their competitors.
AI has found a sweet spot in the scheme of things. Product recommendations
on your Amazon account are nothing but a real-time application of complex
AI algorithms to determine which products you can buy the most.
3. Food Tech
AI has found applications in unpredictable areas. Have you ever thought of a
robot making your cup of tea? Well Most importantly, customers place an
order for their cup of tea using a web interface, machine or mobile app. As
soon as a customer places an order, the machine starts making tea and the
user can enjoy the live-feed feature to see how their tea is made.
4. Banking and Financial Services
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The banking and financial services industry is undergoing a
major transformation due to the launch of AI applications. There are
plenty of AI use cases in this space (Top Use Cases of Artificial Intelligence
in Banking Sector). In many cases, human applications are being used by
intelligent software robots to process loan applications in fractions of a
second. Similarly, Robo-financial advisors are sifting through multiple levels
of data in split seconds to recommend optimal investment decisions for
customers.
These Robo-advisors can also analyze your social media activity, emails, and
other personal data to identify areas and organizations that meet your long-
term needs and goals.
5. Logistics and Transportation
The logistics and transportation industry is on the brink of an AI-inspired
revolution. Machine learning and the use of predictive analytics have already
transformed supply chain management, making it a seamless process. Many
warehouses use AI-powered robots to sort and packaging products in
warehouses. Furthermore, AI algorithms are also increasingly being used to
support faster route discovery and last-mile delivery.
AI In Transportation: Artificial Intelligence in the
Transportation Industry
In the transportation industry, self-driving vehicles are undoubtedly the next
big thing. Despite the research and trial phase, AI-based self-driving replaces
manual driving and makes driving on the road safer. Tesla, Uber, Volvo, and
Volkswagen are at the forefront of this research.
6. Travel
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The travel industry is ready to reap significant benefits from AI riding on the
widespread use of chatbots. Chatbots are proven tools to improve customer
service and engagement because of their 24 * 7 presence and instant
resolution of queries.
AI in Travel: How Artificial Intelligence is Reforming
The Travel Industry?
Advanced AI algorithms enable chatbots with increased capabilities,
enabling more accurate responses to customer queries. Many large travel
companies are turning to AI companies to build their AI-based mobile
apps and chatbots to improve customer experience.
Furthermore, machine learning and predictive analytics can help travel
companies increase their conversion rates by tracking customers’ behavior
and buying patterns.
7. Real estate
The application of AI in the real estate industry is opening up new
possibilities for agents, brokers, and clients. As agents become more efficient
and effective, brokers are becoming more strategic and customers are
becoming empowered. AI-powered bots can help brokers and agents find the
right fit for people looking to buy, rent, or sell their assets.
Similarly, AI-based chatbots operate 24 * 7 and help real estate website
visitors find answers to their queries even in odd hours.
Here is what we expertise in using AI Realtor
Connect App
8. Entertainment and Gaming
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By entering the entertainment industry, AI can help program producers and
broadcasters determine which shows or programs are recommended to
individual users based on their activity.
This helps Netflix and Amazon users to have a more personalized
experience.
AI is also experimenting with developing creative content. For example,
IBM used Watson to create the Morgan movie trailer released in 2016.
The gaming industry is one of the earliest adopters of AI and its impact on
consumer experience is profound. In many applications in gaming, AI is
used to control the actions of non-player characters (NPC), which play a role
in moving the game’s storyline in a specific direction. AI-driven behavior
modeling of such characters greatly enhances the gamer’s experience
throughout the entire storyline.
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Conclusion
As AI evolves to the next level, it is at the forefront of technological
transformation. We are part of an era where machines begin to understand
and articulate what the machines want or do in the future. This has enabled
endless possibilities, and what we have seen so far for the future constitutes a
small part of the broader capabilities of AI.
Healthcare, pharmaceutical research, retail, marketing, finance, and
Intelligent Process Automation are some of the areas where AI investment is
expected to grow rapidly over the next five years.
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