Only about a decade ago, most of the devices and gadgets that are now considered part of everyday goings-on were not around: from smartphones and fitness wearables to HD-resolution medical scanners and SSD cards. The advent of digital technology and global access to the internet have paved the way for the increased role of artificial intelligence in modern society.
Image source: nmims.edu
Indeed, AI devices are changing both the way people look at leisure and how businesses are conducted. AI has had a huge impact on various industries, from gaming and real estate to the automobile and healthcare industry. AI has given rise to various Internet of Things or IoT technologies, virtual and augmented reality property tours and improved patient data interpretation. Pretty soon, self-driving cars will be hitting the road.
The rise of AI technology aids in streamlining business operations, enhancing products offerings, and improving customer support. Industries are benefiting from AI’s ability to offer better analytical systems and interpret larger data sets. Efficient banking experience, speedier freight services, better GPS tracking to combat fraud—the benefits of AI are endless.
All in all, AI systems are making the words “efficiency” and “convenience” synonymous with modern living. Mundane work can be delegated to AI devices; people are freed up and can focus more on higher-level cognitive tasks to improve relationships, work output, and generally gain more time for, well, being human.
Image source: intel.com
Alex J. Ness has years of experience in the areas of private banking, wealth management, and investment. He is the Executive Chairman and Co-founder of health tech company Welwaze Medical, Inc. More on Alex’s work and interestshere.
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