Eight Industries That AI Will Change Forever

(courtesy of Forbes)

Companies handle a great deal of information every day, which can make it difficult to tease out trends or watch for sales opportunities. Artificial intelligence (AI) improvements are reducing that strain by automating data analysis, which can reduce costs as well as the time required to make decisions.

Recent AI technology developments mean that firms now have a chance to take advantage of stronger analysis automation in fields like shipping, travel, health care and even transportation. Below, executives from Forbes Technology Council highlight eight industries that will benefit most from artificial intelligence.

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  1. Internet Of Things

Consumer behavior can be studied and learned by artificial intelligence, thereby improving upon the production of consumer products for the internet of things industry. When deployed in homes and cars, this intelligence can learn more about humans and how they think and act, thereby helping the IoT devices’ response. – Chalmers Brown, Due

  1. Sales Automation Services

Rarely a day goes by where I don’t get an offer for lead-generation services. Sales automation companies like InsideSales.com are red hot now, and for good reason. There is definitely a need to improve the sales process, and if artificial intelligence can examine online behavior or profiles accurately to identify potential opportunities, then companies like mine would sign up for such services immediately. – Tim Maliyil, AlertBoot

  1. Virtual Assistants Artificial intelligence isn’t yet ready to replace the human element, which powers virtual assistant apps. However, AIs process mounds of data in seconds, helping to expedite and personalize the decisions that assistants make on behalf of their clients. The resulting efficiency and cost reduction would help such apps break out of the Silicon Valley bubble and enter the mainstream of average users. – Gurpreet Singh, TalkLocal
  2. SMB Tools

Firms with fewer than 500 employees make up 99.7% of all businesses in the U.S. When I look at the SMB landscape across all industries, I see a lot of opportunities for tech companies to put the very best tools in the hands of small-business owners. Artificial intelligence is no exception. Small-business owners don’t care how their software works, just that it works. – Timothy Chaves, ZipBooks

  1. Autonomous Transportation

The National Safety Council estimates 38,300 people were killed and 4.4 million injured on U.S. roads in 2015, which saw the largest one-year percentage increase in 50 years. With car accidents and car-related deaths on the rise in the U.S., the single most promising application of artificial intelligence is autonomous transportation. Computer-engineered driving will decrease accidents and deaths. – Scott Stiner, UM Technologies, LLC

  1. Shipping And Logistics

Aside from the obvious current conversation around artificial intelligence enabling self-driving cars, I would expect to see similar technologies employed to help solve challenges in shipping and logistics, such as space allocation in trucks/shipping containers, and the dynamic management of route systems to improve delivery times on the fly. – Robert Calise, CommunityCo

  1. Security Analysts While companies are leveraging AI for everything from fraud detection to self-driving cars, the security industry is especially primed for an AI-driven paradigm shift. In security, we need deep visibility into what is happening in the enterprise. This creates a vast amount of data – too much to be readable by humans in finite time. AI can help security analysts make better decisions faster. – Jamie Butler, Endgame
  2. Health Care

Health care will be the primary beneficiary of artificial intelligence. Good health is in everyone’s interests and, however they are funded, health-care costs are significant and unavoidable. The efficacy and efficiency that AI will bring to health care will enable us to trim costs, as well as improve outcomes, with all of us gaining better understanding and management of our personal health. – Matthew Russell, Digital Reasoning

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