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Update: October 31, 2022 12:38 IST
New Delhi [India], October 31 (ANI/Mediawire): Artificial intelligence is doing the unthinkable. As business models evolve, AI will enable businesses to rethink their strategies and take a more human approach to integration. Everyday examples of such enablement are automated cars, contextual bots, automated investment advisors, and even chatbots. In the payroll industry, Artificial Intelligence can make processes more accurate and human. AI can manage to recruit candidates with more intangible skills than numbers.
AI is not only limited to business-cases but also extends to industries and even consumer activities. From a simple smartphone camera that offers better selfies to a computer vision that categorizes “safe objects” on the shop floor; AI has evolved beyond being a problem solver. Sectors such as food and beverage, defense and university curricula are witnessing a revolution due to AI.
In the food and beverage industry, for example, AI is playing a big role and a recent IDC report predicts that AI spending will double to $120 billion by 2025 in the US. This growth is related to the increasing demand for automation in the F&B industry to improve productivity. The report also cited an opportunity for startups – the lack of skilled workers is expected to hinder the growth of the market.
The reason for optimism in the F&B sector is the ability of technology to drive better efficiency and profits. AI in the F&B industry can also help reduce waste and avoid supply chain disruptions. In the food sector, keeping up with demand and sales is essential to sustain. Not only does AI enable intelligent targeting but it also provides personalized recommendations, thus saving time and delivering a wow experience to the customer.
Involvement in the food and beverage industry is just one example of the wide range of opportunities for startups looking to take advantage of AI. In fact, AI has similar references to industry 4.0 concepts such as the increase in smart technology, the growth of data collection, and the ability to reduce time to market. Along with these, the enterprise-wide benefit matrix has encouraged the use of AI even in industries where the technology is rarely used. AI is beyond billions of dollars in opportunities, especially in areas where organizations see technology with traditional thinking. The Awakenings, driving the spaces across the communities with their new annual offers and their technological know-how, are ready to provide a better and better tomorrow.
No major industry can claim to be unaffected by the AI vision. In recent years with the advent of data collection and analysis tools, the growth of AI, thanks to IoT and improved connectivity, is unparalleled. The rise of connected devices and the speed of computer processing will add to the rapid growth of AI. The rapid adoption in AI is also reflected in the adoption in consumer-tech areas – air conditioners, refrigerators, cars, bathrooms, etc. well written; there is no limit to what AI can do. For startups that get on board with AI, tomorrow they will find it easy and convenient.
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This story is from Mediawire. ANI is not responsible for the content of this article. (ANI/Mediawire)
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