Artificial intelligence (AI) is set to have an enormous impact on the American workforce. In fact, approximately 36 million Americans are at risk of losing their job to AI.
The truth is that machines can now do the vast majority of jobs that humans can. Experts estimate that machines can perform 70 percent of all jobs in factories, retail, and even food services.
While many fear AI, it has enormous potential to improve quality of life and consumer satisfaction. AI capability appears limitless and business owners are anxiously awaiting the latest developments.
Read on to learn about the most recent AI innovations. Explore 5 AI breakthroughs that are taking the world by storm in 2019.
1. Customer Engagement
The key to business success is finding and retaining customers. In 2019, AI is playing a vital role in accomplishing this.
A substantial number of companies are planning to integrate customer service AI into their business model this year. The plan is to have features like automated promotions and product suggestions, as well as 24/7 technical support.
2. AI Advertising
Get ready for facial recognition software at your favorite stores. For example, grocery stores like Kroger are installing facial recognition cameras at select stores.
The system’s AI will first evaluate your gender and age. Next, it will show you product suggestions, promotions, and advertisements. This is one way in which corporations are looking to boost return on investment in the advertising realm.
3. Deep Learning
Another innovation that is taking off in 2019 is called AI deep learning. The job recruitment website Monster.com collected data showing robust demand for AI development jobs with deep learning experience. In fact, the number of jobs listing deep learning as a qualification increased by 35 percent in the 2-year period from 2015 to 2017.
Deep learning in AI models the human brain to create artificial neural networks. The intent is to accelerate machine learning and optimize AI systems. Deep learning will have a significant impact on self-driving cars and automatic text generation, among other areas.
4. Improve Your Writing
Computer systems have delved into writing improvement for years. We have enjoyed the implementation of grammar and spell checks for many years. Also, phones and computers alike use predictive text to optimize writing.
The next innovation in this arena is an AI-powered editor. There are so many features to unpack including acronym decoders and phrase rewriting. The bottom line is that it makes you a better writer.
5. Smart Home Systems
All of the tech giants are engaged in a heated competition for supremacy in the smart homes industry. American consumers are familiar with Amazon’s Alexa and Apple’s Siri. Both Microsoft and Google have launched competitive AI systems.
Each company is allowing others to develop apps for its foundational system. The race is on to see what home services can be completed using smart home tech.
Latest Innovations in Artificial Intelligence
AI is improving rapidly and offering solutions to many business challenges. The end result will be satisfied customers with a marked improvement in quality of life.
Although we don’t offer artificial intelligence solutions (yet), we do offer innovative virtual and mixed reality rental products and solutions so that businesses can create an immersive experience in their offices or at events. Interested? Give us a call at 888-520-5667 to learn more.