Artificial Intelligence (AI) in Next 5 Years — How Will It Work?

By | August 27, 2020

Perhaps, you have recently interacted with a chatbot that was able to offer you the assistance you needed. This is one area of AI application that is being developed to improve automation. Artificial Intelligence aims to bring improvement and exponential growth in various sectors, even such as robotics.

Of course, there are laws for robots, which were previously a fiction from the world of fantasy, the so-called Book of Ra of robotics is already being created, which, it seems, is still impossible, but with the participation of experts and the best engineers, a robotic workforce in the army and even in any workplace will become reality…

In light of these fascinating developments, you’ll agree that it’s important to know how artificial intelligence works. Artificial intelligence meaning is defined as a machine’s ability to mimic intelligent behavior. When conducting a voice search, navigation, or voice assistance, your interactions with your phone are all applications of AI that we currently enjoy. Like we’ve witnessed in the growth of software, computing power, and smart devices in the last decade, the AI field will rapidly increase and have a larger impact. We’re going to discuss the visible effect of AI in the next few years. Without further ado, let’s dive in.

Healthcare Improvement 

AI’s application will significantly change the health sector. Given the current health predicament, the development in this field will allow for quick and accurate diagnoses. For instance, it’s interesting that applying artificial intelligence COVID 19 can also aid in speeding up drug trials through deep learning and the use of analytics tools. AI will greatly benefit healthcare in the coming years by having virtual nursing assistants provide personalized experiences to patients.

Revamping the Transportation Sector

The internet is abuzz with self-driving cars. The development has progressed rapidly, with companies such as Tesla, GM Cruise, and Waymo actually testing their autonomous vehicles on public roads. The current advancement in artificial intelligence technology has made room for innovations. The introduction of self-driving cars in the transport sector will reduce accidents that lead to massive loss of lives every year. 

Impact of Artificial Intelligence in Curbing Crime

Law enforcement faces a myriad of challenges, such as detection and prevention of criminal activities. One of the artificial intelligence benefits is governments and companies can use AI systems to detect, predict, and reduce illegal activities. AI algorithms can sort huge volumes of data to identify patterns useful to law enforcement. This will lead to low crime rates in the future. Research on some of the biggest challenges that law enforcement will face can also be effectively done with AI. 

Delivery of Legal Services

AI can be used to help lawyers perform research and due diligence, offer additional insights through analytics, and generate results that predict litigation outcomes. Moreover, using AI data points from previous cases, a judge’s history, and loss-win rates, lawyers can see the patterns and trends.

Analysis in the Financial Sector

What if employing AI in the financial sector can prevent the next recession? Economic recession is one of the crippling events that could ever happen to any government. Through deep learning and analytics, a modern approach to artificial intelligence can spot the next bubble burst and assist in mitigating a potential recession. In addition, analysis of financial data can aid in improved decision-making ability in the stock markets. 

Artificial Assistance

This one shows how artificial intelligence is transforming the world. From Siri to Alexa, there are new ways of interacting today. These voice assistants that are on phones or in homes enable users to ask for help. For instance, you can request Alexa to play a particular song or search for specific information online. You can even tell Siri to make a phone call. And that is only the beginning; this area has room for exponential growth as AI applications continue to increase. 

Improvements in Education

In the wake of COVID crippling most activities, the education sector has not been left behind. That calls for a need to reimagine the way learning takes place. The good news is that applying AI in education in the next few years will most likely ensure a seamless process. Artificial intelligence’s future in education will entail digitizing textbooks to allow for easy accessibility anytime, anywhere, and having virtual tutors. The technology will also assess students’ facial expressions to determine whether they’re engaged or bored and disengaged. This information will aid in tailoring learning to the individual needs of students. 

Manufacturing

Whenever technological development occurs, the manufacturing industry is rarely left behind. According to artificial intelligence news, there will be AI-powered robots that will work alongside employees performing a limited range of jobs, such as stacking and assembly.  

That brings us to the next point of a safer operational environment, thanks to AI. A step towards AI means there will be fewer human resources performing overly laborious and risky work. This will make the number of workplace accidents decrease.

As for the supply chain, AI algorithms will be used to perceive demand patterns for products across socio-economic segments, time, and geographic markets. The output can be a forecast of market demand, which could drive financial decisions, source raw materials, and maintain equipment and inventory.

The Concerns

When it comes to AI, we cannot ignore the concerns it raises. That said, it’s important to note that most artificial intelligence facts point to an impossible AI-wrought apocalypse. Human-level AI, also referred to as artificial general intelligence (AGI), is not an option at this time. Scientists state that a lot of breakthroughs must happen for such a level of artificial intelligence to exist.

Apart from AGI fears, there are concerns about privacy that still have to be considered. It’s already evident that the quest for huge volumes of data has impacted privacy greatly. There will be an increased demand for AI to observe human values, such as privacy. 

Conclusion

The current growth in computing power, smart devices, and solid cloud power continues to spur artificial intelligence language growth. This will make it possible to prevent looming financial crises, experience a revamped healthcare system, autonomous cars, and reduce crime rates, among a host of other benefits. Current voice assistants will also undergo massive changes and advances as technology continues to evolve. Artificial intelligence will also play an important role in the education sector and manufacturing industries. Leave a comment and let us know what you are most excited to see. 

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About Ellen Royce

Ellen Royce is an experienced marketer, copywriter, and entrepreneur. Having started several small businesses online, she knows the importance of effective content marketing in building companies. Ellen loves writing articles on the newest online marketing and technology trends to share on her blog

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