Significant Influence of Artificial Intelligence in Current Era
retailciooutlook

Significant Influence of Artificial Intelligence in Current Era

By: Retail CIO Outlook | Thursday, January 17, 2019

Artificial intelligence (AI) is believed to be the technology of future but many don’t realize that it already has found grounds in day-to-day activities.  AI and machine learning enable machines to learn from its previous experiences (data) and act accordingly in the future. AI has powered many industrial and personal processes ranging from data analytics to personal assistance in smartphones and speaker devices. The technology has portrayed immense possibilities gravitating investors to invest heftily in its development.

Cyber Security

Probably the sector which awaits the most for advancements in AI as it is capable to eliminate malicious attacks automatically mitigating the risk of cyber attacks. Learning from its previous incidents the AI framework can self-generate a robust security system against hackers disabling them to gain access to sensitive data. Real-time security is also possible with AI. Cyber industry looks up to the technology to perform the maneuver and reduce burdens of human shoulders.

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Automation at Its Peak

AI is driving automation in every industry and will continue the same. From the assembly line in manufacturing to self-driving cars in the automotive industry, everything relies on AI. The best part is that AI can be easily merged with other cutting-edge technologies like IoT, machine learning, and blockchain to result in new breakthroughs and lay the path for new innovations. Automation is essential for industries to establish new milestones in productivity and efficiency and the road to it goes through AI.

Behavior and Data Analytics

AI mainly is about analyzing huge volumes of data, making decisions based on it, and predictive analytics. Marketers around the globe strive to utilize the ubiquitous data accumulated from social media, campaigns, feedbacks, and surveys but the huge volume obstructs complete dataset analysis. Small dataset analysis is not efficient enough to understand market demands, in contrast, AI analyses the huge datasets and provides the output data necessary to grasp customer needs. Data-driven strategies are more powerful and effective to result in better sales growth.

Advancements in Education

The stagnant education sector has started to experience waves of technological advancements. AI enabled learning tools have broken down complex theories into simpler forms leveraging learners to understand them easily and efficiently. Together with IoT, machine learning, augmented reality, and virtual reality, AI has led to the cradle of K-12 culture in education. A great influx of technology is being observed in teaching and learning methodologies.

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