We are living in a tech-driven era. We are faced with massive challenges, such as climate change, massive inequality and rising political extremism to name a few, and are increasingly hunting for technology-based solutions.
One of those solutions is artificial intelligence (AI). AI is one of the most impressive advancements in tech this century. While still relatively new, AI has the potential to completely change the way many industries function and how we interact with the world around us.
This article will look at some of the industries that are currently changing thanks to AI developments.
Automotive
Self-driving cars are one of the most exciting applications of AI. Once the AI systems become adept enough to make cars truly autonomous, they will have a huge positive impact on the lives of many people.
Autonomous cars are expected to be safer as there will be less room for driver error. They will also cut down on emissions because they will get lost less often and be programmed to choose the most energy efficient routes. Additionally, they will open up the world to people who are unable to drive due to age or disability.
Education
Students have been trying to find workarounds for dealing with difficult assignments, or poor study habits, since school began. For many years, essay mills were the major issue. These companies provided students with written work for a fee. AI is now providing an alternative for students looking to avoid doing their own work.
ChatGPT is having the biggest impact on the education industry. As an AI chatbot, it’s a great tool for answering basic questions. However, it is also being used to write essays. While most professors seem to be able to identify ChatGPT essays, as it continues to improve, that might change.
While academic dishonesty is a personal choice for students to make, there are wider consequences. The most serious one is that there will be setbacks for accessibility. Moving to online essay writing instead of traditional exams has been a major step forward for students with disabilities. It’s likely that these sorts of provisions will be undone by the use of ChatGPT.
Casinos
Online casinos are hugely popular. They have become such an important part of the industry that even the biggest names in land-based casinos have gotten involved and launched their own online casinos and apps in order to remain competitive.
These casinos are made possible thanks to tech advancements. The software that makes live casinos possible is an amazing step forward. Soon virtual reality (VR), will make them even more like the real thing. It’s AI, however, that has had the biggest impact on the industry.
On the financial side, AI monitors transactions and can catch fraud more reliably. It can also help to verify and process payments more quickly. AI also makes casino games, such as the popular slot Bonanza, more fair. Instead of relying on human intervention and oversight, AI can monitor gameplay for suspicious play patterns or bets. This helps to prevent cheating, which makes games more fair for everyone.
Healthcare
Health systems around the world are struggling with demand and access. In the United States, many people can’t afford to go see a doctor, while in the United Kingdom, the NHS is overwhelmed by demand due to government cutbacks. AI can help to act as a stopgap until a more permanent solution is found.
In healthcare, AI programs and chatbots can serve as a sort of triage service. They can answer patient questions about their health and symptoms and help those patients come up with a treatment plan or refer them to a physician or hospital. Since these AI services have access to huge amounts of patient and general medical data, they can draw informed conclusions and help people get the treatments they need in a timely manner.
Financial advising
The financial sector is a huge part of the modern economy. Investing is a complex process, and the average person usually requires the help of a financial advisor to make smart investing decisions.
AI programmes that act as financial advisors are already being used by some companies and are likely to become widespread in the near future. These AI tools can scan both the market and the client’s financial history in order to determine what type of investments would be the most appropriate.
Another area where AI is going to impact the financial industry is in trading. The market fluctuates incredibly quickly. Human traders can only respond so fast, and it takes a very well-trained expert to be able to predict how the market will change and get ahead of it. AI can analyse all the data and make smart investing decisions before a human trader can.
