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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

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

Healthcare

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.

Retail

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

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.

Logistics

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.

Gaming

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.

Manufacturing

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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100 DOS AND DON'TS FOR CORPORATE INNOVATION

To help you avoid stepping into these all too common pitfalls, we’ve reflected on our five years as an organization working on corporate innovation programs across the globe, and have prepared 100 DOs and DON’Ts.

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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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