How Is AI is Changing The World?

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April 29, 2020

AI has now affected most major industries, disrupting the way they function to improve efficiency and productivity throughout their operations. This has been the case particularly in recent years with thanks to the Internet of Things (IoT), increasingly speedy computer processing, and the rapid growth of connected devices.

As some areas are only just starting along their journey into AI solutions, whilst others have had it integrated for quite some time, it’s hard not to see the multitude of different ways the technology has impacted our everyday lives.

Below is a list with just some of the many areas AI is disrupting for the better:

  • Transport
  • Healthcare
  • Education
  • Business

Whilst some of these sectors are only in their infancy of AI, the impacts its technology could have area colossal, some industries already seeing the major benefits of this.

Transport

One of the first things people think of when it comes to AI and transport is self-driving vehicles. Autonomous cars have seen major developments in recent years, whole businesses being created for the very purpose of building these cars and implementing AI technology so they can operate safely.

Whilst still in its very early stages, autonomous vehicles could transform the world of transport for good, having the potential to make road travel a safer, more efficient mode of getting from A to B.

Healthcare

Whilst AI in healthcare is fairly new when compared to other industries, its technology is helping to diagnose diseases with more accuracy. It has also helped to create virtual nursing assistants, speed up processes in drug discovery, and overall streamline various different areas throughout the industry.

Improving the productivity and efficiency to such an essential sector could considerably transform the quality of our lives. However, only time will tell precisely how.

Education

Education is another vital sector within society that could be majorly disrupted through AI. There are already several different AI companies focused on using this technology to create a more personalised learning experience for a range of different ages; picking up gaps in their knowledge, whilst adapting techniques to better identify who’s struggling in class and how to improve their experience.

Through AI, education could increase the learning productivity, and revolutionize the way younger generations are taught.

Business  

There are a variety of different ways AI has been used to transform how a business operates, helping many to better understand their customers through data analysis and sophisticated models.

Tech companies have been created specifically with the focus of helping businesses to improve their operations with AI. This includes increasing the number of customers they have whilst retaining existing ones, further increasing sales and boosting productivity.

AI can also help a company to predict future transactional activity accurately, and help them to plan for this, essentially “future-proofing” the business.

Overall, AI has and will continue to change the world we live in for the better, streamlining a whole host of different processes integral to the function and survival of our society.

Dani Katz
Dani Katz
Founder Director

Dani’s actuarial experience and passion are key. He is a strong advocate of innovation, optimism and communication, both within the team and for the clients. Dani’s ability and experience with data ensure that we always maximise value and efficiency for every project, enabling us to unlock hidden value for the clients business.

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