AI Tech Trends Disrupting Various Industries To The Core – 2020
Artificial Intelligence, a decade ago, was like a light coruscating from the cracks of advanced technology which has finally shown its grandeur. Packed with potential, AI has immersed our lives more than we actually realize. Shocked? I was too when I learned that only 33% of people are aware of using AI technology in one form or the other, while the majority is still in the dark. The evidence of the exponential growth that the AI market will reach the milestone of $60billion in worth by 2025 is mind-boggling. This slow and then all-at-once popularity of AI technology has been proved salutary to industries such as Manufacturing, Healthcare, Transport, Banking & Finance, etc. So, let’s talk about some of these trends that are finally disrupting these industries for good in 2019 and will continue to do so in 2020 as well. Healthcare and Medical A long list of trends awaits us for the medical and healthcare industry. We have discovered ways to use AI to our optimal benefit. One such example is medical imaging and diagnostics. This is the process by which images of the internal organs of the body are acquired in a non-threatening and non-invasive manner. It may in the future become a sole method to analyze, diagnose, and treat numerous diseases. In fact, a rise in clinical trial enrollment trend has been witnessed recently. Enrolling and selecting candidates for such trials is not as easy as shelling peas. This is where AI technology comes into play. It can extract data from medical records and suggest just the relevant candidates for a particular trial. Retail and E-Commerce Search technology is something that has proved to be incredibly helpful for retail and e-Commerce. However, it is still far from global adoption. Another emerging Artificial Intelligence tech trend is, can you guess it? – Checkout-free retail! Pioneers such as AmazonGo and Standard Cognition have taken the first steps towards this amazing initiative. Now, customers do not have to stand in queues to make payments at the cash counter or even scan the products themselves. Logistics is a part of AI that is still in the category of emerging technologies. However, this can be the answer to most of the warehouse problems. The future shapes to be the one where warehouses will be handled by efficient robots, without the need of even basic facilities such as lighting. Public and Government Sector Biometric is a renowned branch of AI that has been in use for years now. One of its sub-categories is Facial Recognition. Though many app development companies have based their applications on this technology and has been using it, this was rather a long coming for governments around the world. With this technology, it would become possible to recognize the rogue elements in the security process. Cyber threat hunting is something that is now possible with the help of machine learning technology, which is a branch of AI, and a rather emerging one. We are still in the process of figuring out its implications and ways to optimize this technology to the maximum, there are still many innovative ways we are employing. Detecting attackers and hackers spreading malicious elements on the internet can now be detected single-handedly. And yes, how we forget about effective surveillance via computer vision. Transportation If you feel like conventional number plates are a thing of the past, then digital number plates are made for you. Though, still at the ideation stage, for the most part, we could see the test models in 2020. China has come up with a revolutionary idea that could change the face of trains for good. Smart tracks, as they call them are tracks that are digitally implanted in the train system itself, controlled by AI. This way, the trains of the future will not need actual tracks, but just some painted dash lines to create their own virtual track. Another interesting trend and one of the most talked-about is self-driving cars. Companies like Uber have started the trial of these self-driving cars. Their popularity is increasing so much so that the self-driving technology is going to increase from $54 billion to $556 billion market by 2026. Manufacturing Predictive Maintenance is the present and the future of the manufacturing industry for sure. Along with minimizing the need for human resources, predictive maintenance algorithm technology will also provide more efficiency in terms of results. This will reduce the chances of errors and will also provide forecasts on equipment failures. In fact, for a more efficacious defect detection process, companies are using computer vision technology. With its help, even the minutest defects can be detected which evade the human eye, something that is a boon for those companies producing intricate and complex products with no scope for defects. So, this was just a sneak peek into the world of Artificial Intelligence, which with amalgamating with other technologies is transforming the world as we know it.