The idea that both computers or software programs can learn and make decisions is very important and is important for us to know as their processes grow exponentially over time.
Because of these two skills, AI systems can now accomplish many tasks that were once assigned to humans.Over the past few years, AI technology has been booming.
AI-based systems can now help humans benefit from significant improvements and increased efficiency in every area of life.As the development of AI continues to grow, it will change our way of life and work more and more.Now, let’s look at which areas of AI will have a huge impact in 2020.Also Read: Top 46 Artificial Intelligence Companies You Must Know in 2020AI in RetailIn recent years, technology has played a key role in the retail business, as e-commerce solutions have been developed and small, local stores that lack effective online strategies have been forced out of business.In fact, the U.S.
In 2015, the bankruptcy of retail stores increased significantly from 2015 to 2019, 81 large retail companies filed for bankruptcy.Amazon is a strong player in the online retail market, but it has begun to enter physical retail stores using new models that incorporate artificial intelligence technologies.Over the next few years, we will see grocery stores offering a blend of automated technology, and a few human helpers to make sure everything runs smoothly for shoppers.Along with automated payment systems and robots, biometrics is another way that AI can change the retail store management process.
Currently, biometric technologies are mainly used to scan fingerprints on mobile phones and airports.However, facial recognition tools are gaining momentum in the market and will be implemented in stores in the future, when you examine different products you will analyze your facial expressions and create personalized promotions based on sensor observations.Also Read: What Artificial Intelligence Can Do For Retail Industry?Robotic Process AutomationAutomation, Employment, and Productivity Report, based on some expert's study, predicts that by 2055 half of our work will be done by a robot.
This includes jobs in the health care and financial industries, both of which rely on analytics and trends.In finance, the American investment bank Goldman Sachs Group, which once hired 600 merchants in its New York office, now performs the same tasks with only two human traders and a range of AI tools.Also Read: Do You Know The Difference Between Data Analytics & Machine Learning?AI will make healthcare more accurateThe contributions that artificial intelligence brings to the health care industry will change how the medical profession works in groundbreaking ways, enabling people around the world to find safe and effective care and make it easier to prevent and cure diseases.Traditionally, the analysis of health records, medical literature, and historical trends is very time consuming, but these types of tasks are perfectly suited to AI tools.In 2014, Google acquired DeepMind, an AI lab based in the UK, another AI-based assistant used in health care.