If there is one thing you can bet on, it’s that the future is digital.
Companies sticking to outdated business models keep going out of business, while digital tools such as mobile apps, social networks and instant messaging are taking off. Suffice it to say that six out of ten of the world’s most valuable brands are digital brands, leading the digital revolution.
Firms wanting to stay into business must consider taking some steps to update their business models, systems and operations to the new digital era.
For instance, every day companies collect an invaluable amount of data from their customers, suppliers and partners, and then fail to properly decode and analyse it. In the era of Big Data, it is paramount to implement specific technologies to obtain quality information, in order to improve the customer experience.
Though a Matrix scenario is still a long way off, technology has already overcome human capabilities; so much so that AI-based machines are able to perform tasks requiring human intelligence and interaction. Artificial intelligence does not only entail the repetition of automated tasks. Instead, AI-powered machines work and react like human beings, helping companies create devices that better meet their customers' needs and expectations.
With technology and digital transformation making the real difference between shutting down and standing out of the crowd, here are 3 industries which can no longer afford to ignore the benefits of Artificial Intelligence.
· AGRICULTURE AND FARMING
The application of AI to agriculture helps predict the outbreak of specific plant diseases, based on careful monitoring of water, soil and plant conditions. Data collected from the environment is analysed so as to identify conditions favouring critical outcomes and to warn farmers against unexpected events.
Meanwhile, water scarcity and draughts present serious problems, which AI can help solve through specific voice-activated devices enabling irrigation or dyke management at a distance.
Several applications of AI in farm already exist and are actively contributing to improve environmental conditions. For example, Precision Farming uses robots, smart tractors and satellites to reduce the amount of inputs required, while extracting the maximum amount of outputs. Satellites scan fields and identify plants that need more water and fertilizers; Smart Tractors can differentiate between plants and weeds and spray pesticides on the latter; Robots walk kilometers and go around fields to determine plant and water conditions.
All these technologies can be combined with environmental sensors, which can sense and monitor weather and water conditions, helping farmers identify critical issues.
· AUTOMOTIVE AND TRASPORTATION
With an estimated 250 billion connected vehicles in 2020, AI and Internet of Things are revolutionising the way we drive and travel around the world.
On the one hand, the Internet of Things enables vehicle to vehicle communications (V2V), allowing cars to communicate with one another and making the whole driving experience a lot safer.
On the other hand, a fully AI-powered driving experience is still a dream with the driverless car (the most popular example of AI application in automotive) still a few years off.
Nonetheless, assisted driving is on the readmap of many manufacturers who plan to introduce features supporting the driver without actually taking the wheel. These include automatic braking, collision avoidance systems, pedestrian and cyclists alerts, cross-traffic alerts, and intelligent cruise controls.
Voice recognition-based systems allow drivers to send emails, make phone calls or update their social media profiles while driving. AI-powered park assistants support drivers while parking and help avoid collision, whereas environmental sensors detect environment conditions, thus adapting headlights levels or adapting windscreen wipers to them.
In healthcare, AI-based speech recognition can support the elderly in their daily activities by opening the gate, answering the door or even doing the shopping for them. What is more, AI voice assistants play a key role in supporting the blind and making them more self-sufficient. At same time, they provide company to elderly people living alone and are able to perform mood recognition to detect signs of depression or Alzheimer.
Again, virtual assistants may replace physicians in assisting patients during treatments, while AI-powered data analysis will collate all patients’ information and provide it to the practitioner before the patient arrives at the hospital.
These are just a few examples of the impact Artificial Intelligence is having and will continue to have on our life.