10 Industries That Could Be Affected By Automation
From the essentials to the advanced, AI is set to bring about a change to way we live and breathe over the coming years. Let us look at 10 industries that are going to have a revolution in their businesses.
Automation, driven by artificial intelligence, data analytics, and robotics, has begun changing the clockwork of almost all of the industries we know of. From the essentials to the advanced, AI is set to bring about a change to the way we live and breathe over the coming years. Let us look at 10 industries that are going to have a revolution in their businesses.
With an estimated population of 8.5 billion people by the end of the next decade, food generation is going to get increased attention over the next few years. The manpower costs and the general unavailability of manpower in the agriculture sector is going to bring about a technological intervention in this field, which would be necessary over the coming years.
Transportation is an interesting industry to look at, considering the amount of innovation being made in the field already. Self-driving and connected car technologies are going to change the job profiles for many in the upcoming years.
This is one trend that has already seen a lot of changes over the past few years. Automation has not only changed the rate of production but also increased quality control in production and decreased the number of workers required on the ground.
Chatbots and automated replying machines are going to be the greatest tool for customer relations in the future. Retail outlets are going cashier-less and automated too for augmenting the customer experience in brick and mortar establishments.
The finance industry has become more and more complex over the years with the requirements of the new age industries, data analytics, digital money and streamlined customer interaction. Automation is an inevitable and already sought-after change in this industry.
With the advent of the Internet of Things and artificial intelligence, healthcare as a sector is about to see some drastic changes. Drug administration, drug regulation, diagnostics, operations and casualty/emergency ward management would be the first few witnesses to this change in the coming years.
The management of logistics, at the consumer level and otherwise, is undergoing large paradigm shifts in the way it is being perceived. Companies like Amazon and Alibaba are pioneers in the consumer level, employing robots and AI to manage warehouses and deliver goods.
Manually testing products for quality has become time-consuming and ineffective with the increased production rates of manufacturing industries. Companies are turning to artificial intelligence systems and automation to test products faster and more accurately, eliminating the human error quotient.
While slow in adoption, automation is slowly gaining its place in the human resources management and aiding in the hiring processes of large companies.
The energy sector has already been automated to a large extent, especially in the safety and demand management sectors. With the advent of smart grids, renewable energy, and microgrids, the influence is set to grow.
Industries are one of the largest employers in the world, and a large part of jobs that humans hold can be done by robots with less effort, fewer resources, and higher efficiency. This means that companies and organizations will soon look to replace these jobs with robots. Large steps are already being taken in this direction, and the change will soon be noticeable and powerfully apparent in daily life.