Artificial intelligence has always been the Holy Grail of technology. Many have been dreaming of it for decades, and after a lot of work, it’s finally here. And it’s not everything many have been hoping for. Progress has been hampered by many ethical and regulatory obstacles, so despite the positives, there are drawbacks too.
However, the good news is that there’s endless potential for this technology. Even more than some experts thought. AI models so far have been impressive and are already being used to automate services in many industries.
Only the sky is the ceiling for AI, and if we let it—not without rules, of course—it can reshape society for the better. Let’s take a look at where AI can truly be useful for everyday life in India and all over the world.
One of the areas which AI is already improving is customer satisfaction. That’s mostly done via chatbots which are largely overtaking human customer support teams. One notable example is the online gambling industry.
The most prominent online casinos are all for answering their customers’ questions quickly, politely, and accurately, and AI models are the perfect choice for it. Online casinos already have chatbots that can process who knows how many questions per second, improving customer satisfaction with a brand. Casino sites are all about taking their services to the next level, and as they’re closely linked to technological progress, AI will be one of the vehicles to take them to the top.
While some believe it’s scary to hand over the reins to AI in healthcare, the truth is that in the future, AI can improve healthcare in general. It will do this by optimizing healthcare delivery and improving the efficiency of the system.
This will lead to more efficient patient care, which is a big problem in some hospitals right now. Imagine this – AI in charge of administering medication depending on the patient’s current condition. It’s a far-fetched idea, but one that we might well see in the future. Of course, AI won’t replace all doctors, but with the right approach, it can improve the healthcare system a lot.
This is especially helpful in countries such as India where healthcare has a lot of challenges. Once again, there would be numerous regulatory changes before we see such a thing live, but in the near future, it’s not out of the question.
AI will have numerous applications in the financial sector in the future. It’s already being implemented as a powerful tool in fraud detection, automated trading, and even in streamlining processes in finance. Its efficiency and decision-making are second to none, and it’ll get better in the future.
In short, AI will free up time and leave professionals to focus on more important tasks. Of course, this also means that it’ll replace some jobs in the future, especially data clerks and roles in risk management. It’s the price society will pay to improve this crucial sector in many ways.
Even before AI entered the picture, online shopping was a lucrative business. But, artificial intelligence will lead it into a new era, one that personalizes suggestions accurately. Chatbots are already part of the largest online shopping platforms, so the revolution might arrive faster than you think.
With the help of AI tools, systems can analyse user data to predict any patterns or their behaviour when shopping online. After that, it can bombard them with suggestions and recommendations. And yes, some of you may think of this as boring and something that gets in the way of a proper online shopping experience. However, results so far have shown that it works and that people buy recommended products, which are displayed and sent to the right target group all thanks to AI.
On the other hand, chatbots are live 24/7 and provide accurate and quick answers to any question. They’re the perfect tool for online shopping businesses. Smart AI tools can also help with inventory management, which will cut back on time and spending. Yes, the number of retail workers might be reduced because of it, but at the same time, it will open up new jobs in AI system management and data analysis.
Transportation is a highly important factor in today’s society. It thrives on optimized routes and predictive maintenance. While many countries including India are struggling with it, the future of the transportation industry might lie in AI technology.
Ever heard of self-driving cars? So far, this feature has been implemented in a handful of cards, and not in the best possible way. However, with extra work in the future, they can potentially improve road safety and reduce accidents.
Imagine a future where AI-powered self-driving cars improve traffic flow by optimizing routes and speeds. AI can also improve public transportation systems by analysing data fed from the public to avoid delays by choosing the most effective schedules and routes.
Of course, there are some ethical considerations such as leaving machines to decide about safety. But, as it stands, the public transportation system is not ideal right now, and we may need help from the machines to make it work.
Despite the fact that many are scared of AI, with the right regulations and restrictions, it can improve our lives. Artificial intelligence has a lot of potential if we use its capabilities to the max. India can see its effects in smaller industries over the next couple of years, then run tests with AI models in larger industries to see how efficient it is.
Right now, we have no answers to numerous problems in society, including clogged-up transportation, educational challenges, and inefficient and costly healthcare. All those problems can be solved by AI. Of course, there’s the need for a change in the regulatory landscape, but if any tests prove positive, that’s the simplest problem to take care of.
The age of AI is coming fast, and we need to be prepared for it. It’s an exciting technology for sure, and one that the world might need to solve some of the biggest problems.
