How Artificial Intelligence Will Change the Future World, According to Chinmaya Madan

Chinmaya Madan

August 28, 2021

Chinmaya Madan on How Artificial Intelligence Will Change the Future World

Chinmaya Madan Highlights How Artificial Intelligence Will Change the World

 In 2018, of the around 9,100 patents received by IBM inventors, 1,600 we related to artificial intelligence (AI). Furthermore, Elon Musk, founder of Tesla, donated $10 million to help fund research for the non-profit research firm OpenAI. Chinmaya Madan notes that these two acts alone have proven that AI has re-taken center stage in the tech sector and will not get the hook from the spotlight anytime soon.

AI’s Current Impact

Chinmaya Madan Toronto knows that there isn’t a single major industry that is not using some sort of narrow AI, which utilizes data-trained models and performs objective functions to complete a task. Data analysis and collection have ramped up over the past several years due to robust IoT connectivity, faster computer processing, and the emergence of connected devices.

AI’s Future Impact

Chinmaya Madan Toronto finds that some sectors are at the beginning of their AI journey while other companies are veteran travelers. Regardless of each organization’s progress, AI impacts almost every human daily, and the future is bright. Some future services include:

  • Customer Service: Google is currently in development on an AI customer service assistant that places human-like calls to make various appointments, like at a local hair salon. This system will be so advanced that it understands human nuances and context, in addition to voice.
  • Education: More textbooks are becoming digitized through AI, and early-stage virtual tutors help instructors. Also, facial analysis gauges student emotions to better understand who is bored or struggling, thus allowing teachers to better tailor the experience that meets individual needs.
  • Healthcare: Within healthcare, diseases are becoming more accurately and quickly diagnosed with drug discoveries also increasing in speed. Big data analyzes personalizes the patient experience and virtual nursing assistants will better be able to monitor patients in the future.
  • Manufacturing: AI-powered robots collaborate with humans to perform assembly and stacking tasks while predictive sensors keep equipment operating smoothly. The future will see much greater use of AI-powered robots to perform many more manufacturing tasks.
  • Media: Journalism relies heavily on AI which will only become more widely utilized in the future. Bloomberg utilizes Cyborg technology to quickly analyze complicated financial reports report. The Associated Press has implemented natural language capabilities within Automated Insights which results in 3,700 earning reports stories annually. This is four times as many as in the past.
  • Transportation: While it may take another decade to perfect this concept, autonomous vehicles will eventually transport humans and goods between locations.

These advances are only the beginning; there is so much more to come. Even the experts cannot make assumptions around the capabilities of intelligent software as the possibilities are endless. Chinmaya Madan notes that the AI future is bright and exciting. One viewpoint across all industries is that AI will continue to slowly be more incorporated into mundane tasks which will help companies free resources to work on more important responsibilities!