Artificial Intelligence is developing at a staggering rate and infiltrating into all industries across our society, with the market expected to contribute an astounding $14 trillion across 16 industries in 12 economies by 2035.
No matter the outlook, the future is clear: artificial intelligence is performing jobs and tasks all around us and will continue to play a growing role in all industries on the future.
RS Components have created an interactive graphic that reveals how AI is set to transform different industries in the future.
The pace of artificial intelligence development is staggering. Question is, are you ready for the human and technological world to interact like you’ve never seen before?
Growth in the AI health market is expected to reach $6.6 billion by 2021—that’s a compound annual growth rate of 40 percent.
Healthcare is a constant talking point, not only in the news, but in everyday conversations, and it mostly boils down to why it takes so long to get an appointment, as research reveals one million patients a week cannot get consultations with GPs.
If only there was some extra help… AI in the near future will see the waiting time for an appointment reduce significantly, as the introduction of virtual assistants will soon be able to have conversations with patients, answer routine questions and suggest treatment options.
In addition, huge amounts of time and money is spent each year trying to cure some of the world’s deadliest diseases and now AI is expected to have a huge impact in helping us get one step closer to finding a solution. With the ability to analyse huge data sets of medical records and genetic technology, AI technology will be able to spot patterns that humans may not have picked up on. Impressive, isn’t it?
Traffic. We all hate it. The average amount of traffic drivers in London experienced in 2017 was an astonishing 74 hours. That’s just under three days of your life! But what if traffic wasn’t a thing anymore? By 2050 it might not be, as it has been predicted that self-driving cars can zoom past interstate highways at 120mph with absolutely zero congestion. How brilliant does that sound?
Self driving planes are also on the horizon. Reducing the intervention of human pilots on aircraft could not only bring economic benefits, but improve safety too. Pilotless planes carrying passengers and cargo could appear by as soon as 2025, saving airlines an estimated huge $35 billion.
Whilst farmers have tractors and big machinery to aid them in their work, the industry remains one of the toughest and most strenuous when it comes to manual labour.
AI is set to reduce this and make farms smarter and more efficient. In a new initiative called FarmView, research has been carried out to create a fleet of mobile field robots that will be able to help with plant breeding and crop management. These machines will not only reduce manual labour in this industry, but it should also see farms able to utilise their crops far more.
Currently known for spying on celebrities and taking epic photos, drones are set to be immensely beneficial to the farming industry. Many farmers have acres upon acres of land, which can be hard to manage. Drones will be seriously useful in helping farmers monitor their lands, as they will be able to survey crops and also carry out long-distance crop spraying.
It’s fair to say we are set to see some big changes in the coming years. The future of industry lies in artificial intelligence.