Artificial Intelligence as a service contributes widely to the dissemination of the benefits of artificial intelligence.
According to recent forecasts from McKinsey & Co., artificial intelligence is expected to generate $13 trillion in new global economic activity by 2030 and increase the annual GDP growth rate by an additional 1.2%.
This growth is significantly more than the 0.3% increase attributed to the steam engine or the 0.6% annual growth from the internet in the early 21st century. However, as with previous technological revolutions, the benefits are not evenly distributed.
Specifically, every company will need sufficient data scientists to create AI algorithms or enough data to train these new AI systems. Additionally, companies will need to develop software infrastructure to harness AI insights, address implementation challenges, and understand how to integrate these new tools into their business processes.
These challenges may seem insurmountable for any company that isn’t Google or Facebook.
Artificial intelligence as a platform is evolving to have a significant impact across various platforms and industries in the future. Some of the platforms and sectors where AI is expected to have a major impact include:
- Healthcare and Medicine: AI can be used for medical data analysis, disease prediction, personalized healthcare, and drug development.
- Autonomous Vehicles: AI will be utilized for developing autonomous vehicles capable of driving without human intervention, thereby improving safety and transportation efficiency.
- Education: AI can offer personalized education through adaptive learning platforms and academic performance assessment.
- Energy Management: AI can optimize energy management, saving energy in buildings, energy networks, and transportation systems.
- Digital Platforms and Marketing: AI can enhance user experience on digital platforms by offering personalized recommendations, customer service, and predictions of consumer behavior.
- Industry and Manufacturing: AI can improve automation in manufacturing processes, equipment maintenance, and supply chain management.
- Environment: AI can be used for monitoring and managing environmental aspects such as greenhouse gas monitoring, waste management, and prediction of natural disasters.
- Financial Services: AI can automate financial analysis, risk assessment, and seismic risk calculation.
At Xdiginet, we leverage and create artificial intelligence tools that can activate a new dimension in the way your business operates.