It is better for your business to accept on time that “AI is the present and AI will be the future.” Otherwise, you will be among those companies who were forced to close their businesses during COVID-19.
AI effect is just like the ripple effect. It will completely change the world. No industry will survive without it. Many of you would already have experienced it.
So, don’t wait for another day to incorporate AI into your business. Here, we will bring artificial intelligence into the limelight and discuss what AI is, the top benefits of AI, what industries AI will affect the most, and whether it is a safe move to hire an AI software development company or not.
So, let’s start reading without any further ado!
What is Artificial Intelligence?
Artificial Intelligence is a field of computer science that uses programs to perform human-like tasks. AI uses algorithms that act like human intelligence to analyze the data, study it, and solve problems.
AI is more powerful than other technologies because it can learn from past experiences, adapt to new information, and perform tasks in the same way as humans.
The everyday examples of AI include Google, ChatGPT, Amazon, YouTube, self-driving cars, and speech recognition like Siri and Alexa.
Can AI Take Over the World?
People often see in movies that robots will take the place of humans and that humans will lose jobs. It is totally fictional in films and has nothing to do with real life.
So, AI will not take over the world. However, it is accurate to say that AI will dominate the globe. So, individuals and enterprises who want to survive and flourish in the present and the future will have to use AI applications in their daily operations.
How AI is changing the world
A few decades ago, the word ‘AI’ was a buzzword. People used to think that AI would work as robots and they would ease their work.
Today, you all can see how AI is benefiting the world. Whether it is healthcare, transportation, finance, or education, AI has started making contributions in almost every field. Let’s have a brief look at how AI is transforming the world and helping people with its extraordinary benefits.
High Return on Investment
AI helps businesses grow and make more money. About 64% of U.S. companies that used AI applications in the first half of 2023 saw their productivity and ROI increase.
Reduction in Human Error
AI reduces human error, which is the primary goal of artificial intelligence. Robotic surgery is a big example of AI. It lowers the possibility of human error and increases patient safety in healthcare.
Healthcare & Robotics Industry with a Stronger Impact on the Global Economy
According to a PwC report, there will be an additional $15 trillion to the global economy by 2030 due to the use of artificial intelligence. The same report says that healthcare and robotics will be the two fields that will have the maximum use of AI and contribute the most to the global GDP.
E-commerce Personalization Made Easy with AI
Targeting customers with relevant products has never been easier in e-commerce. Thanks to AI, that has made personalization and customization so easy today. According to McKinsey, brands that offer high levels of customization increase revenue by 10% and ROIs by 5 to 8 times.
Instant Solutions to Complex Problems
Another advantage of AI is its complex problem-solving skill. Today, modern concepts of AI like NLP and Deep Learning solve problems instantly. From medical diagnosis to weather forecasting, it is extremely useful in every field.
Personalized Healthcare for Every Patient
Personalized healthcare has always been a dream of a patient. A big thanks to artificial intelligence that helps doctors provide personalized healthcare to patients.
The healthcare industry has changed now. Today, AI algorithms allow hospitals and doctors to better evaluate the data of their patients and customize health care services to each patient according to their genes, the surrounding environment, and lifestyle.
Improved Operations in Banking
A few years ago, banks and insurance companies used to operate in a very traditional and complicated manner. Today, from investment management to processing financial transactions and provision of better customer service, AI assists in all ways.
Bankers can now quickly analyze large volumes of data and predict market trends in no time. Investors take the help of AI to decide where to invest their money. So today, both bankers and investors can benefit from the useful features of AI.
Extraordinary Quality of Life
A few decades ago, people used to expect AI to come in the form of robots. But today, AI has seamlessly become a part of our daily lives, making our lives much better than before.
We now find ourselves completely surrounded by AI. For example, Google Home, Cortana, Siri, Alexa, etc., are AI mobile applications that we all use as our digital assistants. So, there is no doubt in it that AI is a driving force behind our enhanced quality of life.
Why using AI is a Safe and Intelligent Move for your Business Success?
Adding AI to your business apparatus isn’t only a safe move but also the need of the hour. The business landscape of every industry is changing due to the evolution of artificial intelligence. And you understand well that your businesses can’t survive for a longer time without AI.
We at PureLogics have made a commitment to being at the vanguard of this revolution and helping businesses incorporate AI into their operations with maximum ease. With our AI and machine learning services, you can use AI more effectively and get higher ROIs than ever before.
So, don’t miss out on the revolutionary power of AI. Get the services of the award-winning AI software development company and lead your industry with confidence.