Artificial Intelligence has changed business across industries and has shown the businesses ways to leave their traditional methods and improvise for their expansion. It is the reason why today every company wants a piece of this technology — the market of Artificial intelligence expected to reach the mark of $60 billion by the year 2025.
The rate of cyberattacks is on the rise as no proper measures are taken to tackle them. Artificial Intelligence will power cybersecurity with more proactive systems so that it can counter all the threats with precision. With Cyber Threat hunting, AI will have an authentic method to safeguard the systems from any malwares or the threat thrown by the attackers.
AI-powered systems will also play a prominent role in preventing these attacks and allow the organizations to work in a very smooth manner. Moreover, the organizations, too, can use Machine Learning to detect any malpractices in a very effective way.
Blockchain has been prolific in its performance since the beginning, and industries are implementing it on a large scale with the help of blockchain development companies.. It would be no overstatement to say that AI with Blockchain forms a very formidable alliance. Artificial Intelligence with Blockchain will provide a plethora of benefits to organizations such as high-quality data, greater transparency, decentralized intelligence, and many more.
Blockchain technology will be the driving force behind the innovative methods that are revolutionizing various industries such as healthcare, banking and finance, real estate, and many more. The market of Blockchain technology will reach up to $1.5 billion by 2020, and it is expected to rise to $11.7 billion by the year 2022. The growth of BaaS (Blockchain as a Service) and implementation of hybrid Blockchain can help companies to use both cloud-based services and public, private partnerships for better and faster operations.
Bringing a change in the traditional Industries
With time, it became more and more evident to the companies at Artificial Intelligence is a much-needed survival tool. Artificial Intelligence will give a chance to the companies to be updated with the recent updates and stay relevant in the market. The changes have brought transparency in the manner in which the giants used to do business, as now they too are open to collaborate with smaller AI startups and make a prudent alliance.
The success of the organization during the AI era will depend solely on the fact that how they prepare their human resources for the changes caused by Artificial Intelligence. Because understanding and implementing the changes will be the deciding factor between an average and a great company. The changes in the businesses will increase the level of customer satisfaction and thus provide you a better chance of expansion at a rapid pace.The major industries where the use of AI technology will impact a wider section of mankind upgrading them to a better quality of living.
New, improved Automation
The biggest myth about Artificial Intelligence as the prime enemy of jobs, is not at all true. According to the research done by Garter, AI will completely eradicate 1.8 million jobs, but it will replace it with 2.3 million new posts. The trick here is to educate oneself of AI so that you can work with the technology with greater efficiency and precision.
Artificial Intelligence will create new job opportunities in sectors such as banking, retail, insurance, manufacturing, and much more. The vendors have to adjust their strategies accordingly. Increased efficiency in work will enable the organizations to focus on the things that will take their business to place and remain relevant in the market.
Improved connectivity and smarter machines along with Artificial intelligence is the prime reason through which we have come into the age of hyper-automation. Hyper Automation will reduce not only human work but also the amount of error that is caused by human negligence and with the advancement of artificial intelligence that’s in full swing and AI chatbots that are taking a technological leap forward.. The companies have to identify the areas where they would need Automation as a process without knowledge could become disastrous for their business.
Through hyper Automation, the co-ordinance between the various teams working on the project is very high. Thus, it eliminates all the tedious and tiring paperwork. Market leaders such as Amazon and FedEx are implementing the Hyper automation process armed with Artificial intelligence, and their success at the world market speaks for itself.
Reinforcement of Machine Learning
Machine learning can perform various tasks. Machine learning will enable developers to do significant complicated tasks with ease. The assistance from machine learning will also play a big part in productivity and decreasing the time taken to develop a product.
Machine learning will also help in the filtration of the data at a significant level and make the organizations understand which data is essential for them in the long run. Data is and will be the main thing for the business going into the future, and Machine Learning will be your best ally in eradicating all the unwanted data.
Also Read: The Barely Known Differences between Artificial Intelligence and Machine Learning
Quantum Computing with AI
On average, around 2.5 exabytes of data is produced around the world every day. As the amount of information is humungous, it would need machines that manage the data. Quantum computing, along with Artificial Intelligence, can solve various complex problems with ease and precision so that the work is done at a faster rate without any hassle. It will become easy for the organizations to monitor, regulate, and control all the systems that are working on a specific purpose and thus increase their productivity.
Quantum computing can operate similarly to human knowledge as it will be able to simulate reasoning as the human mind does.
Artificial Intelligence will be the guiding force for the organizations in the year 2020 and even beyond that. Companies that will include AI in their process will benefit a great deal from its qualities and will have an edge over their competitors. AI will have massive impacts on sectors such as education, health care, security, human resource and science & research, to name a few.