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7 Industries Making Use of Artificial Intelligence

7 Industries Making Use of Artificial Intelligence
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ArtificialIntelligence is a broad computing term used to describe any non-human code,program, or machine that can intelligently learn in a way that follows orexceeds human, logistical traits. We are in the midst of a vast, unseenArtificial Intelligence revolution – with more and more industries making useof this emerging technology. Here are a few of the industries making the mostout of AI.


Insurance is a perfect industrial environment for the implementation of AI. This is due to the historical reliance on data analysis to calculate risk and generate quotes in the field. AI is being used by modern firms like KBD car insurance to analyze huge evolving datasets so they can offer customers better prices and lose less money through claims in the process. In An industry based on risk calculation, the use of AI makes perfect sense.

Another example of how AI is transforming this industry is in the truck insurance sector. It is your responsibility to obtain insurance if you are a commercial driver compensated for operating a truck. Otherwise, you may find yourself in a very challenging situation if you are in an accident and your customers' goods get destroyed or stolen. You may avoid that by getting CoverWallet’s truck driver insurance. By offering insurers the possibility to increase efficiency, reduce costs, and provide their customers with better and safer services, AI has the potential to completely transform the insurance sector. Insurance providers have saved a significant amount of time and money by using AI to automate and streamline the processing of claims. This can ultimately benefit both insurers and their customers in terms of improved underwriting, risk management, and customer experience.


ArtificialIntelligence is being used in the diagnostics and early detection areas ofmodern healthcare. IBM’s Watson For Health and Google’s DeepMind Health bothhelp medical professionals diagnose illnesses by intelligently searching through a huge database of contextually sorted information. Intelligent algorithms are beingused to help doctors analyze mammogram data in order to prevent false resultsfrom being reported to patients – something that is alarmingly common when onlyhuman analysis is used.


Retailcompanies are constantly looking at ways of understanding their core targetaudiences. Artificial Intelligence is being utilized for just such a task.Retail companies are using AI to create an accurate predictive analysis ofmarket trends and consumer desires.


Banking hasundergone something of an AI revolution. Artificial Intelligence is beingutilized to calculate investment risk, appropriate interest, and all sorts ofother complex figures that benefit from being based on diverse and evolvingdatasets. In the public-facing financial services world, AI is used to createresponsive quotes and provide customer services.


Machinelearning and predictive analytics are extremely useful in the logistics industry.They enable for the optimal stock replenishment, transport, and fuel economynecessary for running a successful operation. In the near future, logisticscompanies may turn to self-driving vehicles made possible by ArtificialIntelligence.


Although theterm Artificial Intelligence has a long history in gaming – being usedto describe the codes determining the actions of Non-Playable Characters – trueAI is only just being implemented in the field. Responsive and adaptive worldsand characters are now being included in video games. Sometimes ArtificialIntelligence completely determines the way a game is played. This is true ofthe procedurally generated space game No Man’s Sky.


Manufacturersare leading the way in the application of AI technologies. In factories,Artificial Intelligence is being used to predict maintenance needs by examiningconstantly changing sets of telemetric data. This allows smart factories tooperate far more efficiently. In the quality control area of a manufacturingconcern, AI is being used to intelligentlynotice trends in quality so that plans can be implemented in order to quickly fix issues.

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Steve Glaveski

Steve Glaveski is the co-founder of Collective Campus, author of Time Rich, Employee to Entrepreneur and host of the Future Squared podcast. He’s a chronic autodidact, and he’s into everything from 80s metal and high-intensity workouts to attempting to surf and do standup comedy.

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