Artificial intelligence as a service contributes to the widespread dissemination of the benefits of artificial intelligence. According to recent predictions by McKinsey & Co., artificial intelligence will generate $13 trillion in new global economic activity by 2030 and increase the annual gross domestic product (GDP) growth rate by an additional 1.2%.
This is more than the 0.3% GDP increase generated by the steam engine or the 0.6% annual impact that the internet had in the first decade of this century.
However, similar to previous technological revolutions, the benefits of AI won’t be distributed evenly.
Specifically, not every company will have enough data scientists to create AI algorithms or enough data to train these new AI systems.
Furthermore, companies will need to develop software infrastructure to leverage the insights generated by AI, address implementation challenges, and understand how to integrate these new tools into their business processes.
These challenges might seem insurmountable for any company that is not Google or Facebook.
Artificial intelligence as a platform is evolving.
The most fundamental type of AI technology available online is artificial intelligence as a platform.
AI has the potential to assist in various domains and platforms in the future. Some of the platforms and domains where artificial intelligence is expected to have a significant impact include:
- Health and Medicine: AI can be used for medical data analysis, disease prediction, personalized healthcare, and drug development.
- Autonomous Vehicles: AI will be used to develop autonomous vehicles that can operate without human intervention, enhancing safety and transportation efficiency.
- Education: AI can provide personalized education through adaptive learning platforms and academic performance assessment.
- Energy Management: AI can optimize energy management by saving energy in buildings, energy networks, and transportation systems.
- Online Platforms and Digital Marketing: AI can improve user experience on online platforms by offering personalized recommendations, customer service, and predictions of consumer behavior.
- Industry and Manufacturing: AI can enhance automation in production, equipment maintenance, and supply chain management.
- Environment: AI can be used for environmental monitoring and management, including greenhouse gas monitoring, waste management, and natural disaster prediction.
- Financial Services: AI can automate financial analysis and risk assessment. At Xdiginet, we utilize and create artificial intelligence tools that can enable a new dimension in the operation of your business.