How AI Will Disrupt Your Industry

October 16, 2017 - 3 minutes read

Image Source: HubSpot

You’ve probably heard some of the doomsday talk about artificial intelligence (AI). Most people think of a future where the machines are taking over everything. Elon Musk thinks AI could start World War III, and some Internet of Things app developer actually share similar sentiments. But the outlook for AI isn’t as gloomy as the media is painting it to be. In fact, AI is going to disrupt some industries in surprisingly positive ways.

Contrary to the usual headlines about AI stealing jobs, research is showing that it may actually create your next career. Leading research company Gartner recently predicted that AI will create about 500,000 more jobs than it eliminates by 2020. Capgemini, an IT consulting firm, surveyed 1,000 organizations utilizing AI. They found that 80% of the companies have created more jobs while two-thirds said AI has claimed no jobs.

Job posting website Indeed also recently announced that advertised AI jobs in the UK have increased five-fold in just the past three years. While this and the previously mentioned research are great news for London mobile app developers and Artificial Intelligence app developers in general, what about other industries? And is job availability all that AI will disrupt? Nope.

Capgemini’s report also revealed that 75% of respondents believed AI helped increase their sales by 10% or more. Besides sales, 73% of the respondents also saw AI having a huge positive impact on customer service satisfaction. And AI isn’t limited to only improving profit metrics.

The insurance industry is using AI to optimize decisions made by professionals in the industry. This is quickly resulting in less fraud committed, improved processes, and better market relations. AI is also enabling us to tackle some of the most perplexing problems facing our future.

The world’s population is growing rapidly, and food quantity will become a more pressing priority with time. AI is helping farmers to maximize yields and profits from crops by analyzing parameters like climate zone, soil type, etc. Intel hopes to take decision-making a step further with AI in the healthcare industry. By 2020, they hope to create a process in which a cancer patient can go to the doctor, receive a diagnosis, and get a personalized treatment plan within 24 hours.

The media enjoys casting AI in a pessimistic light. Maybe the hype sells better. But AI’s positive effects have the potential to permeate through every industry. We’re excited to see what happens next.

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