5 Industries Being Improved by Artificial Intelligence

There’s been a lot of talk about artificial intelligence seeping into everyday life. Some people are firmly for it, some are against it, and some aren’t sure what to think. One of the biggest areas that AI is going to have a direct impact on humanity is through the workplace. Many tasks – and even complex processes – will be optimized by AI in the very near future.

What does that mean for your business? Well, here are five industries that will see some of the biggest benefits from the proliferation of this technology.

Healthcare

The world of healthcare is complicated for myriad reasons. For starters, the paperwork and documentation are too complex for many people. It’s also an industry full of inefficiencies both due to billing and insurance—as well as misdiagnosis. All of these factors can be improved upon through artificial intelligence.

First, the Internet of Things will connect many healthcare devices into one smart network. These machines can then communicate with one another, thereby improving patient experiences and outcomes. AI will also be able to take a lot of the complicating aspects out of navigating the healthcare system. There will be a movement toward simplification, as AI can condense complex concepts into easy-to-understand formats or allow for easier transfer of data between healthcare providers.

Retail

Of all industries, retail has probably had the bumpiest roller coaster over the past few years. The term “retail apocalypse” has been thrown around a few too many times in regards to the decline of physical stores. Artificial intelligence will do big things to help retailers regain some of their mojo. AI can aid with inventory decisions, pricing choices, and even help decide if it makes sense to expand or not.

Of course, AI will help e-commerce as well. Delving deeper into online marketing best practices, branding strategies, A/B website design, and other variables will be massively beneficial to retailers. And the efficacy of these strategies can be assessed through artificial intelligence and data analytics.

Manufacturing

The manufacturing world is full of repeated processes. Artificial intelligence is already showing us how to drastically optimize these systems. Image the possible improvements available to an assembly line through artificial intelligence. It will be able to quickly identify places along the production chain that are holding back the operation. Refining these elements will eventually lead to the least wasteful manufacturing facilities ever created. In fact, AI will be able to completely redesign full assembly procedures to maximize efficiency.

Logistics

There’s nothing simple about logistics. As much as well like to complain about packages or mail arriving late (which is rare in today’s age), the fact that they arrive at all is incredible. Consider how many moving parts are involved in this process. Now, think about how well-suited AI is for improving logistical systems. Every step of the way is an opportunity for improvement. Vehicle efficiency can be monitored in real-time and improved based on insights gained from AI. Depots can be totally redesigned for greater efficiency—saving time and money in the long run. Even the logistic equation itself will be improved by the unparalleled depth of AI.

Grocery

The grocery world runs on razor-thin margins. It’s extremely difficult to balance the intake of food to make the store always seem totally full, while not having so much that it will go bad. It’s also a challenge to provide realistic prices when consumers are usually drawn to the cheapest option. Of course, AI will rescue us from this conundrum. Intelligent, predictive models will show a clear picture of how much of certain goods need to be ordered at certain times. It will even be possible for AI to make the order on its own.

Artificial intelligence is going to completely change our world. These industries are going to be some of the biggest beneficiaries of its improvement.