in this Article You May Know That Where We See The Future of AI in 2024
All of us are tremendously intrigued by the future. We all want to know how will the planet look like after 50 years.
How would humans work, how will we travel ourselves from one location to another, what all gadgets would we have, and what all things will be left only in our nostalgia? These are some of the queries among a variety of questions that would occur when we think of the future.
The solutions to some of these issues can be connected to the creation of AI.
So let us check Artificial Intelligence Future possibilities.
Artificial Intelligence Future
A PwC analysis projects that AI would contribute $15.7 trillion to the global economy by 2030. So, let us have a look at how this could be feasible with Artificial Intelligence Future:
Healthcare
The healthcare industry is bound to undergo a major upheaval.
Artificially Intelligent robots would be deployed for performing complex surgeries with a great degree of precision. It puts consumers on top of topics like health and well-being.
Additionally, AI boosts the power for healthcare workers to try grasp the day-to-day habits and wishes of the patients they look after.
Thereupon knowing they’re ready to provide better feedback, guidance and assistance for keeping healthy.
AI would also be implemented in wearable devices like watches and wrist bands to monitor the human body and forecast any ailments if any.
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Autonomous Vehicles
Everyone these days is all pumped about “Autonomous Vehicles”. Level 2.0 Autonomy has already been attained by Tesla. Autonomous driving is one among the primary application areas of AI.
Autonomous vehicles (AV) are outfitted with several sensors, like cameras, radars and lidar, which enable them better analyze the environment and in course planning.
These sensors generate a vast amount of knowledge
Once autonomous vehicles would be on road, cab services like Uber and Ola would be driverless. This would affect the way transport industry functions.
The Autonomous Vehicle Market being driven by AI is estimated to have a valuation of $127 billion by 2025.
Security and Defense
The usage applications for AI in defense and security are nearly endless.
AI are commonly implemented into weaponry and surveillance systems to reinforce performance. It is typically to improve target detection, battle simulation and training, and threat monitoring.
Most crucially, the critical and risky jobs of securing the borders of the country can be entrusted to artificially intelligent robots, unmanned aircraft, and drones, UAVs, etc.
This will lower the risk of life for the soldiers on the borders and give better surveillance measures employing advanced Facial Recognition Technologies.
Manufacturing
Manufacturing in the near future would be totally automated. AI also streamlines manufacturing supply networks, helping organizations anticipate market shifts. This information is crucial to manufacturers since it allows them to optimize personnel, internal control , energy consumption and hence the supply of raw materials
The manufacturing processes enabled by Artificially Intelligent Systems will be able to not just complete the essential operations but also be able to inspect, improve, and quality checks the goods without any human participation.
In addition, According to the findings of Marketsandmarkets, Artificial Intelligence in the manufacturing market is predicted to increase from USD 1.0 billion in 2018 to USD 17.2 billion by 2025, at a CAGR of 49.5% during the forecast period.
Education
The future of schools is digital. Already, there are a number of courses on platforms which are highly instructive and can be accessible from anywhere, anytime. AI can automate the expedition of administrative activities for instructors and academic institutions.
Educators spend plenty of their time on grading exams, reviewing homework, and offering relevant comments to their students. AI is facilitating automation of classification and processing of paperwork.
The concept of education will be reimagined from the comfort of the homes, individualized according to every students’ needs with the help of Artificially Intelligent technology.
According to a survey by Market Research Future (MRFR), the AI-enabled Ed-tech sector is anticipated to expand to USD 2 billion, at a CAGR of 38% between 2018-2023.
Entertainment
Already, the OTT’s like Netflix and Amazon Prime are fast increasing their user base. Smart algorithms are going to be ready to come up with the simplest marketing and advertising solutions.
With AI, it’s possible to construct all marketing procedures a couple of times faster by utilizing predictive analytics.
In the future, the AI will be able to predict not just our taste, but also our mood and would display material according to it.
Virtual Reality enabled sci-fi content and games can be a component of sources of entertainment in the future.
By 2021, the U.S. E&M industry is predicted to reach $759 billion in sales, rising at a compound annual growth rate (CAGR) of 3.6 percent.
So Future of AI is Bright in Entertainment Field
Workplace
Businesses are utilizing AI to boost the productivity of their workforce.
The advantage of AI for business is that it performs monotonous activities across an organization in order that individuals can specialize in creative solutions, sophisticated issue solving, and meaningful work.
One example of that is chatbot.
The definition of the workplace will likewise be altered by the arrival of technologies. The future workplace will not simply be global in character but also very flexible.
The concept of Work form Home will be the new norm and internet conferences and meetings will be the accepted practice. This would cause, the commercial real estate spaces to notice a decline in their demands.
Banking and Finance
Artificial Intelligence is the ideal way forward for banking because it brings the facility of advanced data analytics to prevent fraudulent transactions and increase compliance.
AI assistants, like chatbots, employ AI to get individualized financial advise and work on processing to give quick, self-help consumer care. With increasingly efficient and intelligent technologies, it becomes easier to detect and stop fraud in the financial sector.
For Example, Artificially Intelligent Systems can help in high-frequency trading, greater customer service and better decision making due to the faster processing of a vast volume of data.
Summary
Finally, to finish, this was everything about Artificial Intelligence Future. These are some of the sectors which would be in sharp contrast to their present forms in the future.
The manner in which AI might be used in different businesses are left only to one’s imagination, but there is one thing that is for sure, which is that
“The future would be an exciting time to live in”.
So After This Article You can also tell us where you see the Future of AI in 2024 in Comments