TOP INDUSTRIES THAT WILL BE DISRUPTED BY AI IN 2020
Artificial Intelligence is in to many fields like, in growing technology, IT sector, Health care, Banking industry, etc… So in future with the AI advance facilities will obviously improve the technology, but to some extent it might have a diverse effect in few of the fields. Let’s discuss them in detail…
McKinsey published in his research, companies invested $39 billion in AI in 2016. AI continues to produce diverse possibilities for numerous industries, including, education, manufacturing, healthcare and more.
In Fashion industry is the largest industry in the world has a huge investment around 3trillion dollars in 2018. They have been transformed by AI and ML in every element of its value chain. It has also involved in the services like, technology to create greater awareness, augment users’ shopping experiences and enhance sales using intelligent automation and predictive analytics.
AI technologies like computer vision improve efficiency during manufacturing by spotting fabric defects and identifying counterfeit products, thereby allowing quality assurance processes to be more streamlined.
In Real Estate is a beginning to adopt AI tool. It enhances to buy, rent or sell properties; agents are constantly looking for ways to determine their customers’ interests to create a more comprehensive experience for them. With the help of AI-powered chatbots, helps customers streamline their options by inputting their interests and coming up with the most relevant recommendations based on those.
AI eases the whole process of Real Estate like meeting legal requirements to getting all the filings verified and it can even detect fake documents, making this process more safe and secure. A customer regardless, will be able to get a look and feel of the property using AI.
Agriculture was managed by using traditional means, now industry is turning to AI to improve yield, monitor soil conditions and control pests. The technology helping farmers optimise planning, by giving them easier access to information around weather patterns, temperature, precipitation, wind speed, water usage and best hybrid seed choices.
AI system has improved harvest quality and helps to detect weeds and also decides which herbicides to apply where.