Artificial intelligence (AI) is one of the fastest-growing industries in the world. The use of artificial intelligence is being embraced in every industry as it automates the work and leads to a better outcome with greater accuracy and efficiency. It is not a new thing you need to know about. The arrival of AI-powered tools dates back to a decade. From robotic surgeries to chatbots, artificial intelligence has exceptionally contributed to every industry.
Over time, you must have witnessed the dynamic changes caused to each industry by artificial intelligence. Hardly will be any field in which artificial intelligence has proved to be a game-changer. Whether it is autonomous vehicles or software that detects any criminal activity likely to happen, AI-integrated solutions are leaving no stone unturned to make life better, faster and smoother.
The use of artificial intelligence has increased a lot recently that many European countries are investing millions of dollars in this. However, there are still industries that are resisting accepting AI-powered solutions due to the fear that it will replace the role of human beings, causing an alarming rise in the unemployment rate.
However, artificial intelligence is not supposed to swallow the vacancies. Though it has automated most of the tasks, reducing the role of human beings, it also has opened thousands of new vacancies. However, most of them are technical. People need to learn new skills to be suitable for such jobs. Artificial intelligence demonstrated that it achieved a lot last year, for instance, deepfake technology. Seeing the rise in the growth of artificial intelligence, the following trends are expected to happen in 2020:
Fraud detection efficiently
When it comes to fraud detection, artificial intelligence has contributed at a significant level. You all know that some people use fake identities to defame others. Deepfakes are the best example to define it. It is a type of technology that helps to replace the person in a video with someone who looks like.
This technology is usually common to slander celebrities and political leaders. Fake news can spread terror and affect the reputation of people. If people believe this news, the target can be the victim of brickbats. Fictitious videos are flooding the internet, and this is a hot topic to be discussed by technical experts. Knowing that this can endanger the reputation of people, technical experts are trying to develop AI-integrated software that can detect such videos.
Machine learning is also helping financial institutions, including banks, in detecting fraudulent transactions. It can explicitly distinguish between legitimate and fraudulent behaviours by interpreting the patterns in data. It is quite complex to understand the data to analyse fraudulent activities. Technical experts will develop AI software with advanced features to get this process done immediately.
Healthcare will be affordable and more accurate
If artificial intelligence makes a tremendous change to any industry, that will be a healthcare sector. This will not only help patients but doctors too. AI software with advanced features will be able to collect data from multiple hospitals to interpret and analyse it in a meaningful way. This year you will notice such software performing with greater efficiency, optimising scheduling, automating reporting and automatic initialisation of equipment settings. Medical staff will be able to work effectively.
Artificial intelligence will also help the healthcare industry with administrative tasks. It involves repetitive tasks. Since artificial intelligence automates the tasks, medical staff can take care of the complex data. Another benefit you will see is it will help to diagnose medical conditions with greater efficiency. Various mild symptoms go unnoticed with the manual examination. Still, AI-integrated software can deeply analyse the condition of a patient and recommend treatments immediately to prevent the disease from growing further.
AI-powered software will prognosticate, track and evaluate the availability of medical staff, ICU beds, treatments, beds and diagnostic machines.
It will figure out effective treatment ways at affordable costs. Robotic assistance will increase in surgeries. The more hospitals will look forward to using AI-tools to operate the entire medical facility.
It will lead to better results by accelerated training
There is no denying that machine learning can produce amazing results, but at the same time, it is crucial to train such models. The transfer learning approach will continue to develop in 2020. This process will help you adapt the model with the massive amount of data.
In addition to transfer learning, artificial intelligence will also focus on reinforcement learning. This area of learning is associated with self-learning from its own mistakes. It enables the system to take the right action to deliver the correct output by not repeating the mistakes done previously. Data management could be more relaxed with deep learning in 2020. Artificial intelligence is producing synthetic data generation techniques called generative teaching networks that are equipped with learning algorithms that have the potential to generate training data and learning environments automatically.
Facial recognition technology will grow
One of the fastest-growing technologies is facial recognition. There will be a quantum leap in AI-integrated software dedicated to facial recognition in 2020. The use of this technology will tremendously rise due to maintaining law and order and boosting security in organisations. However, facial recognition technology is not only dedicated to organisations maintaining law and order. You will see its use in other industries too.
For instance, the healthcare industry will use this technology to detect genetic diseases. This can be used for tracking the use of medication. In stores, it can be used to identify shoplifters. Some countries are using the facial recognition technology at financial institutions, including ATM vestibules to make sure that the person using the card is the real owner of it. Some airlines are using this technology for ensuring the safe journey to employees. Most of the airlines will expand this practice this year.
The sporting world will also use facial recognition technology this year. Both security and privacy are essential, and they cannot be compromised at any cost. Olympics will use this technology to verify the identity of athletes and officials. Facial recognition technology is crucial to prevent any terroristic activity. There is always a risk of such events in a large congregation. This can be minimised with the use of this technology. The use of this technology will also increase in financial sectors to prevent fraudulent activities.
The bottom line
Artificial intelligence will continue to contribute to all industries. Technical experts are introducing new and efficient software to make humans’ life safer, better, faster and smoother. The best example to understand the pace of artificial technology is that screening kits are being used to detect COVID19 patients. Soon these kits will be applied at a global level everywhere at hospitals, metros, airlines, and other public transports. The role of artificial intelligence will continue to rise with each passing year. People are gradually accepting it. Of course, investment in AI-integrated solutions is expensive, but some people are taking out personal loans to fund it.
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