5 Ways AI Can Live Up To Its Promise In 2018

by Moumita Deb Choudhury    Dec 15, 2017

AI

Artificial Intelligence is seeing more prominence than ever in not just business landscape but in our day-to-day lives as well. What’s most pertinent about this tech is that it has the potential to eliminate much of the drudgery out of our routine work and personal lives.

Here are five ways AI will live up to our promise in 2018

The relevance of Data-Driven Machines:

Companies will put more emphasis on Data-driven machines this coming year. With the rise of data churned by the Internet of Things (IoT), businesses will resort to machine learning to process and analyze the information. Machine learning AI is most feasible way companies can utilize and make a value of the flow of data for both structured and unstructured ones. According to Forrester, A quarter of firms will supplement point-and-click analytics with conversational user interfaces, and AI will make decisions and provide real-time instructions at 20% of firms.

AI Automation Will See More Usage:

AI will bring smart automation to a wide range of industries spanning from retail product delivery to machine maintenance, energy conservation and more.

Taking a cue from Amazon’s subscription order services, which auto-populates your order to schedule regular delivery, understanding you purchasing pattern when you place your day-to-day order, we can understand how future will shape up. Right from your grocery to laundry, it can access and make a weekly or monthly schedule.

Also, tech such as Siri and Alexa will allow more seamless communication avoiding the pain of editing the text when they fail to get it.

AI’s app Chatbots will be Top Consumer Assistant:

To a large extent, customer interaction will be managed without humans by soon as chatbots will be deployed by businesses as most preferred consumer applications of AI.

As machines do not suffer from physical or learning fatigue, the evolution of a chatbot could be best described as more exponential than linear. So, in 2018, we could expect more chatbots to be deployed with improved quality of interactions, the speed of responses, and accuracy in decision making.

Artificial Intelligence in Education:

Right from automating routine tasks like grading and resource management, to identifying improvement areas in existing curriculums, AI has been contributing to the learning landscape in more ways than one. The technology will enable organizations to provide an environment that is more conducive to learning while ensuring optimum utilization of resources. While humanoid teachers may not be seen walking down the corridors of educational institutes anytime soon, you can already get your hands on AI robots that can search the web to help your kids with studies.

Artificial Intelligence in Healthcare:

The use of artificial intelligence in the medical and healthcare sector has revolutionized the industry with artificial intelligence being used in several practices such as diagnostics, personalized medicine, the development of drugs, and continuous monitoring and care of the patients.

Numerous companies have invested in the application of artificial intelligence in healthcare. IBM’s Watson is being used for oncology and cancer treatment in the hospitals.

Google’s DeepMind is providing healthcare solutions to the patients via a mobile app.  General Electric’s subsidiary, GE Healthcare, provides a wide range of services including medical imaging, medical diagnostics and patient monitoring system using artificial intelligence.