What Impact Will Artificial Intelligence Have In The Future On Our Lives?

Artificial Intelligence

What Impact Will Artificial Intelligence Have In The Future On Our Lives?

After reading about the buzzwords of the twenty-first century, Artificial Intelligence App Development and machine learning, and as a tech fan, we found it utterly fascinating how these technologies are developing and are going to affect the future of human life on earth. To explore the prospects of a new era with machine learning and artificial intelligence, we have decided to dedicate this post to Artificial Intelligence Future.

Less Artificial, More Intelligent Artificial Intelligence In The Future

Artificial intelligence has advanced quickly and is no longer simply an idea from sci-fi movies and books, with driverless automobiles and voice automation in houses. The 2054 forecasts 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 artificial intelligence 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 creating popular books. In the coming years, artificial intelligence (AI) will permeate every aspect of our life and eventually surpass human intellectual capacity.

  • Think about using facial recognition technology instead of a key to enter your hotel room. Your face will serve as your identity, making daily transactions more straightforward and effective.
  • Prepare for smaller drones to bring your purchases right to your door within minutes of placing an order.
  • Artificial intelligence-based virtual assistants will make human-like phone calls to schedule an appointment at, say, your local hairdresser while taking into account the context and subtlety of the conversation.
  • Get ready to undergo surgery with a robot surgeon. In a few years, a physical surgeon won’t be involved in the procedure at all; instead, a robot will do it and assist patients in better understanding their treatment options.

These are only a few instances of the future changes that artificial intelligence will bring about. Machine intelligence Future developments may seem far off, but they will arrive faster than we can imagine. Leading technological companies are competing to integrate artificial intelligence into our daily lives, which will pave the way for an amazing and thrilling artificial intelligence future.

What Future Changes Can AI Expect?

AI purpose

Here are some ways that artificial intelligence will alter the future, based on recent technological developments in the field.

The Role of Artificial Intelligence in Healthcare

 Role of Artificial Intelligence in Healthcare

AI will be essential in helping to prevent about 86% of errors in the healthcare sector. The use of AI in healthcare will help democratise the industry for the good of both patients and healthcare professionals, while also reducing costs and improving accuracy through predictive treatment. Artificial intelligence and predictive analytics can be used to better understand the different elements (birthplace, dietary habits, local air pollution levels, etc.) that affect a person’s health. Future healthcare systems powered by AI should be able to predict when a person is most likely to develop a chronic illness and offer 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 sorts of research, and this technology will undoubtedly revolutionise how patients receive better medical treatment. As robots communicate 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 new future for healthcare. Doctors, nurses, scientists, and the list goes on will always be needed. However, AI will make our life easier by improving the actionability of the clinical and healthcare data we produce.

Future of Artificial Intelligence in Retail

  • By 2022, it is anticipated that the global market for artificial intelligence in retail would increase by over $5 million.
  • Retailers might save over $340 billion by 2022 if they implementAI throughout all of their business operations, according to a Capgemini study on the impact of AI in retail.
  • According to Accenture, by the end of 2002, investments in AI will increase retail revenues by 38%.

These figures show unequivocally that AI holds significant promise for retailers, offering a variety of applications for smarter business decisions. Future drones driven by AI could be able to carry packages weighing up to five pounds in less than 30 minutes. Although there isn’t a firm deadline for the usage of these drones for commercial purposes just yet, Amazon is already working on determining the proper safety and dependability of operations for delivering items. However, you might expect the autonomous delivery 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 individualised, with plausible scenarios including connected dressing rooms with screens, virtual racks customised according to data-defined personas, and a great deal more personalization based on past behaviour and trends to make consumer decisions less stressful and chaotic.

Future of Artificial Intelligence in Banking

The global business value of AI in Banking is forecast to reach $300 billion by the end of 2030, according to IHS Markit’s AI in Banking research. With lower costs, higher productivity, and better customer experiences, artificial intelligence is poised to dominate sectors like business intelligence and security in the coming ten years. Robo advisors in wealth management will spread like wildfire and revolutionise the banking industry, saving both consumers and wealth managers a great deal of time. The banks of the future will employ AI to personalise consumer experiences in addition to personalising their services and goods.

AI Will Create Millions of New Job Possibilities

AI in job sector

Future fears about artificial intelligence are most frequently expressed as “Artificial Intelligence will replace us!” We may see a more comfortable future for ourselves with artificial intelligence automating all types of work, one that will create new jobs rather than eliminate existing ones. A World Economic Forum research on the Future of Jobs predicts that by 2022, artificial intelligence will generate 58 million new jobs. By 2030, there is a very good probability that AI will perform better than humans on the majority of mental tasks, but that does not mean that jobs will be eliminated.

Conclusion

The future of artificial intelligence is quickly approaching! The moment to invest in education and training in order to be ready for the AI era is now. You still have the option of improving your abilities to keep current with the market, or you can choose to stand still and stagnate. Do you want to participate in this fourth industrial revolution? Do you want to know how Artificial Intelligence Strategies work, get in touch with Sky Potential.

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