AI to bring a huge shift to the global Industries with the power of 5G
From driverless cars to virtual doctors, artificial intelligence (AI) is transforming the way we live, work, travel, and do business in the 21st century. PwC estimates that AI could add as much as $15.7 trillion to the global economy by 2030. It seems these are ELEVEN industries to catch Eleven , where we will see a big shift by using AI to create a truly global impact. Automotive ,Agriculture, Bioscience , Creative Services, Data , Education , Entertainment, Finance , Gaming , Healthcare and finally Internet of Things .
Autonomous vehicles have the potential to save time, limit energy consumption, and dramatically reduce the more than 1.25 million deaths that are attributed to road traffic accidents each year. Agriculture is both a major industry and foundation of the economy. Factors such as climate change, population growth and food security concerns have propelled the industry into seeking more innovative approaches to protecting and improving crop yield. As a result, AI is steadily emerging as part of the industry’s technological evolution. AI is taking bioscience to the next level by empowering researchers to conduct experiments more efficiently and helping them find patterns they never knew existed. With every single online ad, artificial intelligence algorithms help brands learn a little bit more about what is actually relevant to their customers. This allows savvy marketers to stand out in a crowded advertising landscape.
When we speak on the Data, most of the modern companies have access to large quantities of online data, but many of them lack the necessary tools to unlock the value this information can deliver. AI can help uncover data insights that allow them to manage their resources more efficiently and better serve their customers.
AI is also being used across the educational landscape to develop new tactics for helping people learn. Education can be defined as a process where teachers and students give and receive systematic instructions, respectively. AI systems are defined by the use of computers to accomplish tasks that had previously required human intellect. AI utilizes algorithms that collect, classify, organize, and analyze information to conclude it, which is also called machine learning.
Secondly talking about the Entertainment sector, the global artificial intelligence software market is predicted to rise from roughly 10 billion U.S dollars to 118.6 billion by 2025. The revenue shows the rapid growth and popularity of AI. With the rise of artificial intelligence in this era, and its integration with different industries like banking, healthcare, e-commerce cannot be overlooked. To add on, this technology has been exploding in the media and entertainment industry as well. At the same time, Financial institutions are using AI to make better recommendations to customers and more thoughtful decisions company-wide. New technologies like pathfinding, function-based movements, and a lot more. Things like augmented reality and virtual reality has really shown that AI has incredible ability to improve our gaming experiences.
Talking about the healthcare sector, AI is revolutionizing healthcare by empowering doctors and hospitals to deliver better care, to more patients, and with greater speed. Now talking about the Internet of Things is a network of internet-connected sensors that communicate with one another, allowing us to understand and optimize the physical world. This produces an incredible amount of data, AI is what allows us to leverage this information to actually create superior products and make the world a better place.
With this I can say Artificial Intelligence to be the next digital frontier to evolve in the digital economy.
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