The sudden pandemic outbreak has impacted our lives and has also strained the global healthcare system. The healthcare hospitals and the facilities got overwhelmed by the overall volume of the patients that needed help. The enterprises and companies also had to face hurdles. Several people lost their jobs, and other companies are using the challenges to do away with the redundant talent by recruiting new talent while making use of new technology-based strategies.
Artificial Intelligence (AI) got projected as the probable solution to such issues. It’s a modality with which one can leverage the adjacent technologies and reshape the way a company functions.
Benjamin Gordon Palm Beach throws light on the impact of AI on the pandemic
1. Development in aviation and agriculture
Today, AI is getting used for resolving some of the world's biggest economic and social challenges and other mundane functions. The Aircraft Operations Divisions in NASA are using the AI as its proxy operators for training and combat simulators. Also, in agriculture, AI advancements show developments in crop growth.
2. Impact of AI in Banking and Insurance
AI is also impacting the banking and insurance sector. For instance, the technology developed for facial recognition in the images is getting customized for insurance applications. The image analysis algorithms can identify the car models, recognize and quantify the earlier damage, identify the vehicle parts, assess documents, read the license plate, and more from the photos and videos.
Along with the assistance of AI, Benjamin Gordon Palm Beach says thatthe banks are constantly presenting advance offers and are introducing new products for targeting specific customers. AI has also helped in the better and correct analysis of the probable customers with added advantages of reduced cost and faster turnaround times.
3. AI in the gas and oil industry
The oil and gas domain had used advanced technological innovations as well as big data before the term came into existence. But the developments in analytics, comprising machine learning and artificial intelligence, provide new ways to interpret the data while coming up with incomprehensible insights. Check out TechnoBurst.
4. Online transformation
The online transformation got concentrated on the digitization of the services and products. However, in 2021 it got predicted that there will be an increased focus on making the most of AI for optimizing and automating the business process decision making.
Last but not least, Benjamin Gordon Palm Beach says that there have been ample improvements taking place in the field of research related to AI. It comprises all the diverse algorithms brought in to discover the challenging data patterns, to the game-playing programs that have proved to perform better compared to human champs and self-driving cars. Along with the advancements in computing capacity and storage and the consumption models, for instance, the cloud, the real-world applications of artificial intelligence have moved from the academic domains to the mainstream domain. Furthermore, with data now available at the desirable charges, depth, and scales, AI applications are all set to transform the world.
