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How Artificial Intelligence is Reshaping Industries and Redefining Possibilities?
How Artificial Intelligence is Reshaping Industries and Redefining Possibilities?

September 13, 2023

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Artificial intelligence is evolving at an exponential rate because every business, no matter to which industry it belongs, is actively contributing to exploring the potential of artificial intelligence. If you compare our lives with 5 years ago, we have advanced in terms of technology, whether it is ease of access in mobile applications or electric vehicle deployments. 

Standford is working on a report, One Hundred-Year Study on Artificial Intelligence," that will update itself within the 5-year time frame for the next 100 years. The main question in the report was about how artificial intelligence has changed over the last few years and how it will continue evolving in the coming years.

In this article, we will analyze diverse industries, considering how AI is reshaping them and redefining new possibilities, bringing better opportunities.

Artificial Intelligence in Software as a Service (SaaS) 

Price Intelligently performed a SaaS economics study and presented some important facts. The report identified that businesses that started 5 years ago faced less competition due to their advanced hold on AI as compared to businesses that had just started. Mature markets like the USA, UK, and Northern Europe are the most competitive markets in the SaaS industry. Artificial intelligence is reimagining the SaaS industry.

Personalized marketing brings leads for SaaS companies. B2B customers, through AI, can receive relevant advertisements through personalized marketing algorithms. According to Salesforce, 75% of businesses expect that their suppliers should already know them before they start any form of communication.

Further, for businesses that build solutions, the development time is reduced with the power of automation. Artificial Intelligence assists developers to keep the code error-free too, letting SaaS owners leverage it and build, maintain, and deploy products faster.

Artificial Intelligence in Aviation Industry

Do you know that Airbus is testing out autonomous flying tech in some of its planes? This exploration of artificial intelligence is called Dragon Fly, and its futuristic capabilities are being explored in the aviation industry.

Although ample AI technologies are actively contributing to the aviation industry, like the identification of passengers using biometric authentication, baggage screening, customer assistance, and more,

The aviation industry is using data analytic platforms to achieve decision-making analysis, hybrid modeling, compute vision time, and more. Predictive maintenance and air traffic control are two of the AI innovations we might see very soon.

Artificial Intelligence in the Agriculture Industry

Artificial intelligence in the agriculture industry is opening new doors of innovation. How to use the land for the maximum output is the goal of every farmer. And using artificial intelligence to improve efficiency can help farmers achieve it. If we look 20 years back, we have come a long way in terms of mechanical innovations.

However, AI unlocks data-based decisions where the collection of soil health data, temperature, recommendations about fertilizer applications, and more yielding fruitful results for the farmers. Further, irrigation system optimization combined with the power of the Internet of Things is promoting sustainable practices.

Artificial Intelligence in the Writing Industry

The capabilities of artificial intelligence are highly visible in the media and publication industries. Since writers are the main resources in this industry, intelligent tools are helping them achieve efficiency in the shortest time frame. For example, tools like Grammarly can learn the writing patterns of writers and suggest the best grammar suggestions to deeply enhance their writing. Artificial Intelligence here has reached a place where if you do not know grammar, you can still write.

According to Doshi Velez, Professor of Computer Science at Harvard, everyday uses of AI such as grammar checks and autocomplete, automatic personal photo organization and search, and speech recognition have become commonplace for large numbers of people."

Artificial Intelligence in the Gaming Industry

The gaming industry has yet to explore the powerful capabilities of artificial intelligence. The reasons behind this are that the industry demands a high level of creativity, which is not yet possible through artificial intelligence. However, things like enhancing image effects and creating lifelike situational developments are possible through AI.

Artificial Intelligence in the Railway Industry

The worldwide increase in population has always demanded urbanization with great railway infrastructure. However, the pressure of decision-making is always present in the railway industry. However, artificial intelligence is innovating and addressing this issue very efficiently.

In the railway industry, trespassing is one of the most important elements of surveillance. Intelligent sensors can do it very efficiently, generating alerts if there is any trespassing on the railway track. Further tunnel security will be enhanced with artificial intelligence, where the systems will recognize the location and movement of trains to recommend the right speed or detect any suspicious weather-related hazards.

The Metaverse

The metaverse is all about artificial intelligence. Meta Platforms Inc. (earlier Facebook) has invested $36 billion in building Metaverse, which can give us an idea of how important Metaverse is for the upcoming future. Through Metaverse, users will enter a virtual reality space where they can live just like they do in real life. Although this technology is still in development, we still have to see what Meta or any other company brings to the Metaverse.

Conclusion

Artificial intelligence is undoubtedly transforming industries, and it is not possible to measure where the AI capabilities will end because they look endless. Software as a service, the aviation industry, the agriculture industry, the writing industry, the gaming industry, the railway industry, and more—all of them are registering leverage with the help of artificial intelligence. And, not to mention, the concept of the metaverse further adds curiosity and expectation for mankind.


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Ishan Gupta
CEO & Founder

Ishan Gupta is the CEO and Co-founder of RipenApps, a leading web and mobile app development company specializing in Android and iOS app development. Deploying feature-loaded mobile & web app solutions to SMBs globally transforms business all around.

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