10 Fields That Could Change as More Advanced AI Emerge
The artificial intelligence (AI) revolution is here. Advanced AI and robotics are emerging daily, gradually changing how people interact with technology. According to The IBM Global AI Adoption Index 2022, 35% of companies use AI. Well, the impact is already felt, necessitating technology pioneers and leaders to meet, like in the 2023 Future of AI Summit, to discuss principles around AI model deployment and developments.
With the constant advancement in machine learning, AI might fully take over in some fields by leveraging its learning capabilities and ability to simulate human-like intelligence to perform jobs previously done by humans. While it will eliminate many jobs, it will create many more. According to the World Economic Forum, technology, and automation will eliminate 85 million jobs while creating 97 million. That said, here are ten fields that could face significant changes as advanced AI emerge.
Artificial intelligence will fundamentally change the law practice. The recent innovation of large language model-based systems, such as the ChatGPT-4, marked the beginning of significant changes in law and other fields. The software can perform research and do sophisticated writing with novel proficiency.
These AI-powered algorithms process legal data faster than human professionals. This significant enhancement of legal research allows lawyers to access relevant cases faster, saving time and improving work quality. The machine learning algorithms can automate reviewing and analyzing legal documents. Also, the system can scan contracts and agreements to identify inconsistencies. Besides reducing the likelihood of human errors, AI makes the reviewing process faster.
As more advanced AI emerge, law firms will take advantage of the systems to ease the process of analyzing various legal strategies and past case outcomes to predict their case results. The predictive analysis assists the lawyers in making informed decisions on behalf of their clients on whether to pursue the case, settle, or prepare for a trial. What’s more, AI-powered virtual assistants will assist legal firms in carrying out administrative tasks faster and more easily. For instance, it can schedule emailing and customer service activities. Moreover, the technology will have a significant impact on the antitrust law by assisting businesses to stay compliant with the laws and regulations.
The improved access to justice propelled by AI may benefit the public and massively change the law field. People who can’t afford conventional legal presentations will learn about legal services more efficiently. Similarly, law firms can use chatbots and other online platforms to provide legal information and guidance effectively. Therefore, it will bridge the gap between people seeking justice and legal professionals.
Advanced technologies will significantly transform the health sector in various ways. First, they will boost the efforts of healthcare providers and the public. Smart systems can analyze large data sets and identify patterns in human behavior and body responses. Therefore, health professionals can use AI to perform accurate and early disease diagnoses and save lives
Advanced AI may offer personalized treatment, making it easier for people to access treatment services. If the systems effectively analyze genetic information, patients’ medical history, and lifestyle data for personalized treatment, it will be a big win for society. However, the benefits come at the expense of healthcare providers’ jobs.
As more advanced AI emerge, the medical sector will develop new drugs and therapies. The drug discovery process will be faster if systems can effectively predict how various compounds react with human bodies. Moreover, new technologies will help in remote monitoring, especially in the Telehealth sector. For instance, devices with algorithms that track signs of worsening conditions help patients keep track of their well-being while sending alerts to healthcare providers.
AI will make operations more efficient to reduce the costs in many health sectors. For instance, a medical wellness clinic can optimize its operations by scheduling appointments with the help of AI. They may also manage inventory and develop effective wellness practices to advise patients better. Advanced AI systems will enhance the efficiency of robotic surgical procedures by enabling surgeons to use AI-powered tools to perform complex surgeries with higher accuracy and precision.
3. Online Retail
Online retail is a growing sector, but still more is expected. Retail e-commerce sales reached $5.7 trillion worldwide in 2022 and may increase more in the coming years. As more advanced AI emerge, online customers will experience significant benefits.
First, automation can enhance personalized customer experience by using systems to analyze data and understand customer purchase history and browsing behavior. This experience is evident with the browser cookies, but more advanced software can get more data to match the customer with the products they need. Retailers can take advantage of this information for effective brand marketing.
Secondly, AI-powered Chatbots and virtual assistants handle customer inquiries. However, with more advanced AI, the systems can offer better customer services like receiving orders, payments, packaging, and scheduling deliveries and, eventually, receive customer feedback.
Advanced AI systems will optimize the supply chain by predicting demand fluctuations and identifying cost-effective suppliers. Currently, e-commerce systems are designed to reduce operation costs and improve efficiency. These technologies also analyze transaction patterns and customer feedback to identify fraudulent activities. For instance, if you want to shop from an online womens clothing boutique, you fund your money to a third party like escrow until you receive the product.
While advanced systems will bring about better experiences, there is a big concern about data privacy. Job displacements are also a huge concern. Data protection centers should consider these critical issues of concern as more advanced AI emerge.
4. Drug Rehabilitation
According to the National Center for Drug Abuse Statistics, 9.5 million people over 18 suffer substance abuse disorders and mental illness. With this high number of people with an addiction, professionals face challenges in offering rehabilitation services. For this reason, the field is capitalizing on more advanced AI systems to help manage the use of drugs and substances.
AI algorithms can effectively monitor individuals struggling with addictions and create personalized treatment plans to reduce rehab congestion. The systems could also analyze online behavior, like social media posts, to identify individuals with subtle addictions. The early detection will guarantee timely intervention and support.
As more advanced AI emerge, new systems are expected to do remote monitoring to identify addicted people at early stages. This will also enable virtual therapists to connect virtually with numerous people worldwide for counseling and support. With the help of new technologies, a virtual therapist can offer counseling to several individuals in an inpatient drug rehab, all at personal levels through video. Similarly, caregivers can monitor patients’ medication adherence and make dosage adjustments depending on their responses.
5. Fitness and Wellness
Fitness and wellness have gained popularity today. According to the New York Post, 69% of Americans believe they could quit bad habits by exercising regularly. Statista Data shows 35% wish they could exercise more to keep fit. These facts signify a high desire for fitness and wellness services.
However, in this fast-paced world, time has become a valuable asset. People would like to exercise at home and during their own time, depending on the daily schedule. The advanced technologies have already begun to revolutionize the fitness sector.
As more advanced AI emerge, many expect to have personalized fitness plans. The systems will create your health and fitness goals to create personalized workout and nutritional plans. Moreover, emerging smart fitness devices will monitor various metrics like sleep patterns and heart rate for personalized fitness regimes.
AI-driven virtual trainers can help you achieve your fitness goals without visiting the gyms. Based on your performance, the systems can provide real-time feedback. AI software for gym management will make your workout experience more interactive and personalized.
6. Law Enforcement
While this may come as a surprise, did you know law enforcement agencies can use smart technologies to uphold the rule of law? Forget thinking along the lines of robotic police for a minute. According to the US Department of Justice, AI can boost the capacity of law enforcement agencies by enhancing efficiency and increasing data-driven practices. Specifically, the institutions can use advanced methods to protect data and prevent mistaken identities. Emerging technologies are expected to identify faces and study crime patterns to help improve security.
To put this information into context, Clearview AI developed software to recognize human faces and generate their information from social media pages. While the software didn’t work as expected, developing better technologies might help analyze data with surveillance systems to detect unusual activities. While law enforcement agencies have measures to respond to emergencies, AI can handle large volumes of emergency calls and other communications to improve the sector. Unlike humans, these systems can quickly analyze and categorize information. This would help law enforcement agencies to determine which emergency incidents need priority responses.
Advanced AI systems can also analyze crime scenes by giving forensic evidence. For example, it can analyze some blood stains or body fluids from sex offense scenes to identify the criminals. These algorithms help reconstruct crime scenes more accurately. Additionally, the law enforcement sector needs more advanced systems to analyze network traffic to detect suspicious activities like cyber threats.
7. Shipping and Delivery
The shipping and delivery sector still needs more workforce, and AI has come just in time to optimize labor scheduling, delivery tracking, and delivery route planning. The systems can analyze traffic patterns and weather conditions to determine the ideal delivery route. This will ensure the package reaches the customer at the recommended time.
As more advanced AI emerge, the US and other countries have started using drones and AI-powered robots to navigate congested urban areas to ensure goods reach their destination on time. Mostly, the health sector uses drones to deliver medicines and humanitarian items. According to the National Library of Medicine, using unarmed drones effectively delivers life-saving medical supplies.
AI drones and robots can also perform tasks within the warehouse to increase speed and efficiency in order fulfillment. Additionally, AI can help optimize the supply chain to reduce operation costs. For instance, an e-commerce business can identify and analyze the best suppliers, analyze customer feedback, and do UPS refund in case the parcel doesn’t meet the required quality.
According to Global Market Insights, the AI in Education Market will reach $30 billion by 2032. Students can now access educational resources without the physical presence of teachers. Moreover, they can study and do continuous assessment tests or examinations at home. A good example of a school offering AI services is Arizona State University. It employs Amazon Alexa to assist students with routine activities.
With advanced systems, teachers will use the time they spend teaching to assess and grade the students’ exams and assignments. While it’s clear that AI won’t replace the teachers, it will reduce the workload for the teachers. As advanced AI emerge, teachers will offer personalized education more easily. The technology is also beneficial for the teachers or the institution in delivering personalized instruction to the students.
Advanced AI intervention might help identify signs of learning disabilities in public and private schools at an early stage. Also, it will determine students’ capability by analyzing their behavior and performance data. Early intervention will help the teachers to offer specialized care to the student.
9. Stock Market
AI is already disrupting the stock market and the financial industry. First, traders can use smart technologies to identify potential profitable trades and market trends. It can analyze financial data, enabling stock market investors to make data-driven decisions. AI-powered tools have also made it easier to evaluate risk factors.
AI is expected to make quantitative trading even better. These advanced systems will analyze market data and news sentiments to make fast trading decisions. Advanced AI can exploit market inefficiencies and capitalize on short-term price discrepancies to manage risks. For this reason, AI will gain more traction among investors.
Also, AI-powered systems will analyze transactions and trading activities to detect unusual patterns. This detection will reduce potential threats as you experience significant company growth. The system will maintain the market integrity by curbing insider trading and fraud.
According to Statista, the real estate market is expected to reach US$729.40 trillion in 2028 from US$498.60 trillion in 2023. This indicates there is significant growth in the real estate sector. Artificial Intelligence has been implemented in construction to bring more efficiency, cost-effectiveness, and safety. With the help of AI, engineers can do project planning and scheduling more effectively.
Automated systems also ease the architect’s and engineer’s work. Additionally, introducing AI robots in the construction sector makes the work more efficient and easier. AI software helps in cost estimation and budgeting from the start of the foundation to final activities within budget constraints. Whether using Fusion 360 to redefine computer-aided design(CAD) or Planswift for a cost estimate, there is something for every construction expert, from an electrician to a deck builder.
As advanced AI emerge, expect changes in several fields. It’s a matter of when, not if. These advanced automated systems will affect how we work, live, and interact with the environment. As these technologies evolve, people will feel their impact, but they’ll usher in better and bigger opportunities. Explore our website to learn more about the new buzzword that is AI.