The Big 5 Business Industries That Are Ready To Use Artificial Intelligence

Introduction

Artificial intelligence (AI) has long been a subject of anticipation among both famous and scientific culture. It has great potential to transform the business industry as well as the relationship between people and technologies. Why does AI matter and what are the business industries related to it?

1. Search Engine Optimization Industry

Have you ever been curious when you search for something online and it suggests some other words that are equivalent to what you search and then it directs you straight away to certain websites? This process does not come from the sky, it’s called SEO.

SEO is a process to rank your website higher with relevant and specific keywords and drive more users to your website. The search engine knows that providing quality and applicable keywords can bring more customers. With AI-based, the system works in a shorter time to scan the data which is a significant part of designing an effective SEO strategy.

TIPS: You need to have a powerful meta title and meta description in order to make your website in the top place.

2. Banking & Finance

Not to miss, finance is also one of the industries that empower AI in its function. In finance, everything is risky, especially in trading. Trading is mainly about how good you are at predicting the future accurately. Making an exact decision can reduce the risk of losing profit.

It is the fact that machines can process countless data in a short time compared to human beings as well as learn to observe patterns in past data and predict how these patterns might repeat in the future. So, it can give better recommendations when it comes to making decisions.

Similar to finance, it is always a risky step in the industry and there will always be fraud cases. Even so, it is hard to stop the fraud, we still can control and reduce it. By using AI, it can replace manual auditing that is vulnerable to error and incapacity to audit all data sets. Here, we can detect if there are some files and data are missing.

Additionally, we are aware of the rise of cybercrimes as time goes by. Wanting the crime to be reduced, AI is used to detect fraudulent transactions and dubious activity in customer’s transactions from history. If there is any suspicious activity then it can be stopped early.

3. Automotive Industry

Automotive! What was on your mind when you read this word? Cars? self-driving car?

It’s actually bigger than what you had on your mind. Artificial Intelligence is fixedly developed in the automotive industry. The AI system collects data from the vehicle’s radar, cameras, GPS, and cloud services to produce control signals that operate the vehicle.

For example, Tesla consists of two AI chips that help it to control the car for better protection.

4. Education Industry

Nowadays, education is easier and more interesting. With AI, it provides various options based on the students’ needs.

Let’s say, a student completed a task before using the app, and the app examines it and provides suitable tasks and courses conditional to the student’s ability. AI also provides opportunities for students who speak different languages or have visual or hearing problems.

For example, Presentation Translator is an AI-based solution that creates subtitles in real-time mode. Using AI Speech Recognition, students can hear or read in their native language. Moreover, teenagers are always with heir gadgets and it will be an interesting learning process for them using AI.

5. Healthcare Industry

AI has the benefits to impact both facilities and patients. Some implementations include diagnostic capabilities and predicting disease, customized treatment plans, enhanced electronic health records and many more.

The market for AI has the potential to improve healthcare outcomes by 30%-40%. When talking about saving lives, we always wanted the best way. Therefore, AI in healthcare can improve the quality of treatment, with better care and greater speed.

Next, AI can organize patients’ profiles neatly in contrast to last time methods where they need to fill in the paper and put it in boxes and whenever they need to see the information, they need to go through so many boxes. Now, AI is in data documentation, sorting and storing in digital form.

Conclusion

In more years to come, artificial intelligence is estimated to expand and grow twice from today! NexMind AI is already on the road to artificial intelligence. Have you?

Bryan Kon

Bryan Kon

Content creator & copywriter @NexMind

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