AI helps the retail industry in analyzing the behavioral pattern of the customers through their ecommerce platforms and helps them to align with the market trends. This AI powered decision making capability helps the company win the hearts of their customers and the competition in the industry. This could be better understood if we analyze what Intel says about AI. It mentions that AI in the retail industry means better experiences, accurate forecasting, and automated inventory management.

Blended with AI and IoT technologies, food processing and dispensing automation devices have been introduced and put in place in various places. AI has also gained its importance in agriculture in the form of intelligent devices to analyze the soil, heat, etc. favoring the cultivation of crops.

AI applications have impacted the financial sector to a large extent. Robots have been deployed as financial consultants / advisors to automate certain processes like customer care, loan advice, etc. which involve routine processes or sometimes even go to the extent of analyzing the behavioral history to enable decision-making. AI and IoT devices are employed in financial sector these days to primarily focus on improving the security in the banking and finance industry.

Travel and tourism and real estate industries require extensive customer service to enhance their business as the industry greatly depends on customer experience / satisfaction. AI powered chatbots have been introduced to serve the purpose and are used extensively to enhance the business in these sectors.

Logistics, transportation, entertainment and gaming, and of course, healthcare, and IT sectors are the industries which are also under the great influence of AI powered technology.

Since healthcare is one of the important sectors where AI has a greater impact, let’s analyze the details of AI’s impact on healthcare deeply.

AI-powered devices are now being extensively used in international hospitals across the world in providing personalized care and attention by analyzing the symptoms. Thus, AI is highly useful in diagnostics, decision-making, and precision medicine.

IoT sensors and virtual assistants are widely used in hospitals to monitor patient health, alerting doctors and nurses about the patients’ health, if required, and guiding the patients during the visit to the hospital. Such virtual assistants and sensors act as life savers in global hospitals.

Dr. Rajendra Patankar in Voices, India, Times of India says in one of his articles on ‘The role of AI in healthcare’ that AI will help individuals take care of their bodies in real-time and significantly alter the life spans of humans beyond 100+ years and the most impactful will be very early detection of a disease before it spreads and becomes dangerous. His words help us in understanding the impact of AI in healthcare in the present and future.