What are some industries where Machine Learning could be implemented?
Since the global human population is growing at a rapid rate and on the other hand, the natural resources are degrading day by day. Artificial intelligence and machine learning technologies will help:
The introduction of artificial intelligence can specifically improve predictive analytics in healthcare. This means that healthcare systems can predict epidemic conditions and the growth of chronic diseases, and suggest preventive measures before they get worse.
The marketing industry will benefit from AI in a number of ways. AI and ML will help marketing departments reach customers more easily. For example, Google and Facebook ads have already started using AI technology for better targeting.
One of the most common use cases for AI and ML applications in finance is fraud detection. AI models based on big data allow detecting fraudulent activities by analyzing the clients' behaviors and online transaction histories. Such models can prevent some suspicious behavior with a rather big precision.
In the near future, AI financial advisors will likely replace human advisors. AI financial advisors will always be available to provide automated financial advice to investors no matter the time.
Artificial intelligence and machine learning have become critical technologies in information security, as they can be used to detect threats and other potentially dangerous activities in real-time. AI-assisted systems can find viruses and malware by using machine learning processes and data science algorithms.
Even though machine learning is still in its early stages, it is already transforming the world. A wide range of industries are strongly impacted by this unstoppable trend. Without a doubt, we will see the continued impact of artificial intelligence and machine learning in new industries in the future.
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