AI has a wide range of applications in almost every field. We will discuss the future for AI by examining the following major fields.
1. Health Care Industries
India has 17.7% of world’s population, which is second only to China in terms of population. All residents of the country do not have access to health care. The lack of good doctors and infrastructure are the main reasons. There are still people who cannot reach doctors or hospitals. AI can detect diseases based on the symptoms. Even if the patient doesn’t visit the doctor, Artificial Intelligence will analyze the data of the fitness band and medical history to suggest the right medication.
2. AI in Education
The quality of the education that youth receives will determine how a country develops. We can see that there are many courses available about AI. In the future, Artificial Intelligence will transform traditional education. Robots and automation are replacing skilled workers in manufacturing industries. Education could be a very effective system and tailored to each individual’s personality. It gives brighter students a chance to shine, and imbeciles a way to better cop up.
The right education can increase the power of an individual/nation; however, misuse of it could have devastating effects.
3. AI in Finance
The economic and financial conditions of a country are directly related to the quantification of its growth. AI is a powerful tool that can boost the economic health of individuals and nations. The AI algorithm is used to manage equity funds today.
A system that uses AI could consider a number of factors when determining the best method to manage money. It would be more efficient than a human manager. AI-driven strategies will change the traditional way of investing and trading in finance. This could be disastrous for fund management firms that cannot afford to use such technology. It could also affect the business in a big way, since decisions are made quickly and without warning. Competition would be fierce and intense.
4. Artificial Intelligence in Cybersecurity and Military Applications
AI-assisted military technologies have created autonomous weapon systems that don’t require humans, thus building the safest method to increase the security of a country. In the future, we could see robot Military that is as intelligent and capable as a soldier or commando.
AI-assisted strategy will enhance mission effectiveness, and provide the safest method to execute them. AI-assisted systems are not fully explainable in terms of how they perform their algorithms. Deep neural networks are able to learn more quickly and continue learning. The main issue here is explainable AI. It can have devastating effects when it falls into the wrong hands, or makes bad decisions.
Artificial Intelligence assisted systems could improve the quality of our lives to a great extent, as we have discussed in the article the wide opportunity available for Artificial intelligence-assisted systems. The use of AI in society can be either a boon or a curse, depending on how it is used. We have talked about the future of AI and its potential in the fields of Finances, Health Cares, Education, and Military Applications.