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7 Industries Impacted by Artificial Intelligence

Infographic of 7 industries that will be impacted by artificial intelligence.

Artificial Intelligence and Health Care

Hospitals rely on technology to enhance patient care and improve treatment outcomes. The new wave of artificial intelligence (AI) technology gives medical professionals the ability to sort through mountains of information, suggest possible conditions and treatments, deliver anesthesia, and receive assistance during medical procedures. The introduction of advanced diagnostic methods has made AI highly desirable for medical professionals and patients.

Artificial Intelligence and Finance

AI is premised upon the idea of learning from data. As such, it makes sense for the finance industry to be an early adapter. Firms across the globe are implementing this technology to increase efficiency, cut costs, and boost revenues. Artificial intelligence can gather financial data and use predictive analytics to anticipate changes in the stock market and manage investments. It can also send investment advice to the clients of financial firms.

Artificial Intelligence and Management

Entry-level and management roles have become a target for displacement, and many of them are being replaced with AI tools. These tools are capable of handling administration duties, processing data, and leaving more subjective tasks up to the human managers. What makes artificial intelligence so well-suited to take over certain management roles is its ability to make objective business decisions solely based on concrete data.

Artificial Intelligence and Education

The ability to tap into new technologies that enhance and accelerate the learning process has made artificial intelligence extra appealing to the education industry. AI can track students’ learning and estimate their understanding of a subject, then provide appropriate feedback and guidance to help develop key learning habits. This, in turn, can help streamline everything from admissions through graduation, including administrative paperwork, tutoring, student support, individualized learning, and customized curriculum.

Artificial Intelligence and Transportation

Uses for artificial intelligence extend beyond autonomous aircrafts, cars, trucks, and trains. AI can be used to analyze commuter behavior, sentiment, suggestions, and commuting patterns, all of which can help predict accidents, alert emergency medical professionals, provide real-time feedback to drivers, and adjust shipping routes to simplify distribution networks. Travel is expected to become smoother, more efficient, and more enjoyable with the support of AI tools.

Artificial Intelligence and Manufacturing

While many business and technology professionals are researching the integration of AI into their processes, few are actually using it. Next-level robots will be used to solve logistics issues and even request new product design. AI is guiding robots on the assembly, packaging, and shipping lines. No matter where a company is on the adoption spectrum, artificial intelligence has the power to foster collaborative and natural interactions between people and machines.

Artificial Intelligence and Analytics

The need for big data to be interpreted on a daily basis has resulted in a greater demand for artificial intelligence systems. Prompt business decisions are propelling the growth of this dynamic technology because artificial intelligence has the capability to process, analyze, and disseminate data faster than humans can.

With its focus on finance, business analytics, health care, and executive management, the Ohio University MBA online program can give working professionals the additional skills needed to be an integral part of the future of business.

For more information, visit http://onlinemasters.ohio.edu/masters-business-administration/

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