How is Artificial Intelligence and Machine Learning Shaping the Industries of Today?

How is Artificial Intelligence and Machine Learning Shaping the Industries of Today?

November 2, 2020

The advent of technology and the ongoing advancements under it have been the driving force behind modernization. It is the latest machines and methods that have revolutionized our ways of working and living. And among these innovative approaches, Artificial Intelligence and Machine Learning have been on the upfront.

The applications of Artificial Intelligence and Machine Learning have changed the lifestyles of the industries altogether. Today, almost every business and industry are dependent on qualified professionals from this discipline. It has also evolved certain procedures and systems which have made the workings much faster.

These are the top industries that are being assisted by the Artificial Intelligence:

  • Agriculture
  • Healthcare
  • Information Technology
  • Banking
  • E-commerce

How are these industries being affected?

Agriculture:Those who have either completed a diploma or a degree in Artificial Intelligence and Machine Learning from one of the Best Computer Application Colleges in India might already know how agriculture is being positively affected by this domain as it has helped to enhance crop production, real-time monitoring, harvest processes as well as the marketing techniques. AI gets employed include:

  • Disease detection
  • Analyzing plant nutrition
  • Crop and soil monitoring
  • Predictive analytics

Healthcare: Today, we are living in an era where machines and software can easily detect various diseases. Even without the physical presence of a doctor, one can easily assess what the real problem is. Artificial Intelligence has played an active role in the detection of diseases such as cancer. Earlier it was impossible to detect cancer in the earlier stages but today, timely diagnosis can help a lot.

Other areas related to healthcare where AI proved it’s worth include Biotechnology and Pharmaceutical industries. These two industries have been steadily working to find cures and drugs for various maladies. Even during the time of the Coronavirus pandemic, many companies used Artificial intelligence to find solutions and come up with an effective medicine or a vaccine. Some other important sectors that have been tapped by AI include:

  • Radiology
  • Antibiotic Resistance
  • Medical Devices and machines
  • Immunotherapy

Information Technology: With AI, computers are transformed into intelligent machines by which a lot of time and effort can be saved. In addition to that, AI can also help in making information more secure and accurate. So, the major ways in which Artificial Intelligence is shaping the Information Technology Industry include the following:

  • Building secure systems
  • Automating all the processes
  • Application development
  • Quality Assurance
  • Server Optimization

Data Management is another part of information technology and since data is crucial for security, it needs to be stored and managed properly. Earlier it used to be a little difficult but now with the advent of Artificial intelligence and steady improvements, it can be done by machines and that too very easily.

Banking: According to research conducted by the National Business Research Institute and Narrative Science, about 32% of the operators in the banking industry are already using Artificial Intelligence. AI has been helping banks and financial institutes in various ways. Some of these benefits include:

  • Customer services
  • Financial market predictions
  • Realistic Interactive interfaces
  • Automation of Processes
  • Risk Calculation
  • Market Research

All of the above areas demand diligent work and long working hours if done manually. So, switching to AI has saved a lot of time, money, and efforts.

E-Commerce: Have you ever wondered how you are always being suggested by e-com sites to buy things that you are interested in? All these things happen because of Artificial Intelligence only. It is with the help of Artificial Intelligence and Machine Learning that the e-commerce sites provide you with the appropriate recommendations.

With the help of Artificial Intelligence and Machine Learning, the information related to your mobile applications, e-mails, websites you visit, etc are studied and examined to provide a personalized user experience. This has in return helped e-commerce in:

  • Building a better user base
  • More returning customers
  • Inventory Management
  • Smart Solutions
  • Better Problem solving

Directly or indirectly, today there is hardly any sphere of our daily life that is untouched by Artificial Intelligence and Machine Learning. There are so many sectors that this field has helped and is only going to expand in the times to come. Owing to the potential of this field, many candidates wish to pursue a B.Sc. in Artificial Intelligence and Machine Learning. Consequently, it has become one of the most sought after degrees in the contemporary world.

If you are among those who wish to complete a degree in this field and play a greater role in shaping the modern world, you need to join a premier college that would assist you. Chandigarh Group of Colleges Landran is one such college that offers a degree in AI & ML along with pre-placement programs. All those interested can apply online and start sailing towards a brighter future.