We all recognize that the hot topic of recent times has been artificial intelligence and that it has been embraced by businesses covering nearly every field. But these days, when you’re dealing with an automated answering service, it’s very possible that no human involvement at all is involved.
This trend is likely to continue into several new areas and reach them. But there are even more exciting prospects ahead that indicate that the algorithms used in AI may soon begin to allow predictions of future events to become more precise. This is also something that has already begun to happen and in some very unexpected ways. The idea behind it is very simple: an ever more detailed model of future events can be generated by combining the analysis of big datasets and using the algorithms that drive AI.
Black Swan Technologies, whose clients include Disney, is one of the leading representatives in this relatively new sector. Among the work they did for entertainment, a giant was predicting Frozen’s likely success before publication. It allowed them to accurately gauge even how many copies would be sold once the film was released on DVD by looking at the data about similar animated titles as well as analyzing common genres and film styles on YouTube.
Retailers have also been quick to start experimenting with supermarkets using Black Swan’s technology to project exactly when and how many of their customers would want to barbecue on any given weekend.
The fashion sector is also one that still looks at what the trends for upcoming seasons will be. Again, to make these forecasts more reliable, AI is being used. This is facilitated by a framework that analyzes social media and e-commerce websites to evaluate colors, sizes, and trends that occur most often and that can point to the path styles can go.
Healthcare, on a less trivial note, is another industry in which the potential to foresee future situations is being checked. Diagnostic Robotics, a company founded and led by Kira Radinsky Ph.D. with offices in Tel Aviv and New York, is one of the best-known exponents. It is useful that much of the medication is already so heavily statistically dependent, but it requires AI to add the extra dimension.
Another field in which being able to correctly forecast the future can also indicate the difference between success and failure is investing in commodities, bonds, and currencies. More and more trading platforms on sites such as Stockapps UK are emerging and being listed. There is still plenty of choices and most provide comprehensive assistance. According to a wide variety of main features, such as commission or items sold, such as CFD trading, the above site ranks the platforms. Therefore, it is reasonable to think that AI help might be among those variables one day. This would offer an advantage over the competition-it may well take several suppliers to the next level.
So we can confidently assume that, in a wide variety of ways, AI will become increasingly effective in determining what the future holds. And when it does achieve its full potential, it will also create a very different world.
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