Login with Facebook

How Different Sectors are Using Artificial intelligence (AI)

Artificial intelligence is no longer a discipline relegated to research laboratories. Applications are widespread and there are several examples where different AI technologies are implemented. But before illustrating some areas, we want to remember the two elements that are, on the one hand, making it possible to spread AI applications in business, and on the other, make them available in real-time where they are needed:

To make the use of large-scale AI applications in business possible, to "democratize" access by making them usable even for small and medium-sized businesses and not only to large corporations, is the spread of cloud computing. The use of AI technologies and applications from the most widespread public clouds, in which the powerful processing mass required to run AI applications takes place, also opens the door to those who do not have great investment opportunities.

The second fundamental element is edge computing: in applications where it is necessary to have an immediate response to problems that can be solved with artificial intelligence applications, these must be performed where the data is collected, with peripheral processing (and for this reason they are such important technological developments as the ReRAMs.


In this context, the potential for application is wide, thanks to everything that can be done with the analysis of big data and the clinical history of patients applying machine learning: from improvements in the diagnostic phase to the possibility of administering personalized care based on to the genetic makeup of the individual.

Great are also the promises of artificial intelligence for the prediction and prevention of diseases or epidemics on a large scale. There are so many e-health applications. These range from remote monitoring of health conditions thanks to wearable devices, to routine testing without medical intervention, up to the calculation of the probability that a patient is suffering from an illness, not to mention the support that can provide studies in the genetic and genome fields.

Hospital structures can benefit, but also the health system of entire countries, thanks to the reduction of hospitalization costs. A market survey conducted by Accenture in 2018 estimates that US healthcare by 2026 could save 150 billion dollars thanks to artificial intelligence applications both in areas closely related to the medical activity (from general medicine to surgery, to drug administration) both in terms of information security in hospitals.

Tractica, a company specializing in market research in the AI ​​and robotics sectors, estimated in 2017 that global revenue from medical imaging technologies should reach $ 1,600 million by 2025, while global revenue from virtual assistance apps could, even by the same date, exceed $ 1,200 million.


One of the best-known applications of artificial intelligence in the automotive world is that of autonomous cars: according to the financial giant BlackRock in 2025, 98% of vehicles will be connected and in 2035 75% will be self-driving.

The application of AI in the autonomous guide does not fail to raise ethical problems. MIT researchers published in October 2018 in Nature the results of the survey The Moral Machine experiment which involved 2 million people in 233 countries to understand what people think about the choices that a self-driving car should make in an emergency. If the car has to choose whether to crash (in danger of killing the driver) in order not to invest a child, what should it do? And if instead of the child there is an elder? What do you choose between investing in a group of people or a single person? Or if on one side there is a homeless and on the other a well-dressed lady? If on some answers (better to save people than animals, larger groups compared to smaller groups) the opinion was fairly shared on others cultural differences emerged: in Latin America, for example, it is preferred to save young people than the elderly,

But it will not be necessary to wait for the cars that drive on their own to see the AI ​​implemented on the cars : one example is smart video cameras equipped with facial recognition systems, already installed on trucks and commercial vehicles: they detect the driver's status by monitoring fatigue, distractions, states of poor lucidity (allowing, in addition to avoiding accidents, to lower insurance costs for commercial fleets) and some car manufacturers are developing solutions, less expensive, to be implemented on cars.

Finance and stock market

According to research conducted by Accenture in April 2018 (which saw the involvement of 100 CEOs and top managers and 1,300 employees worldwide, in the banking sector), 76% of CXO banking institutions believe that the adoption of AI technologies by 2022 will be a critical success factor in this market. 

 With what impact on financial institutions and what are the advantages for customers? These are the questions to which he tried to give answers to the huge study of August 2018 made by the World Economic Forum in collaboration with Deloitte, The New Physics of Financial Services - Understanding how artificial intelligence is transforming the financial ecosystem, from which we take some cues.

The study finds that there are very many specific financial services that can gain important benefits from the adoption of artificial intelligence technologies. As shown in Figure 5, these services have been grouped into 6 areas: Deposits and loans, Insurance, Payments, Investment management, Capital markets (all activities related to the management of financial instruments issued by bank customers such as bonds, shares and derivatives) and Market infrastructure (brokerage of brokerage services for example derivatives management). Each service then positions itself on a maturity scale that starts from the use of the AI ​​to "do things better" (A) to arrive at use that allows "to do things in a radically different way" (B).


The AI ​​is a new battlefield on which to play customer loyalty. The AI ​​enables new ways to differentiate its offer to customers based on extremely punctual customization of the services that can be offered in real-time when a market opportunity or a customer need arises.


Professional offices

Professional firms, from lawyers to accountants to notaries, are considered a sector that will increasingly be impacted by artificial intelligence technologies not only to automate routine activities, but also for activities of medium complexity, replacing human work which, at best, it can be retrained for higher-value activities but at worst it will be excluded from the sector until the disappearance of some professional figures present in these studies.

We briefly summarize some of the activities that could benefit from the adoption of AI technologies:

Document review and legal research: AI software can improve the efficiency of document analysis for legal use, cataloging them as relevant to a particular case or requiring human intervention for further investigation; due diligence support: searching for information on behalf of their clients with "due diligence" is one of the most demanding activities of legal assistance studies; it is a job that requires confirmation of facts and figures and a thorough evaluation of decisions on previous cases to provide effective support to its customers. Artificial intelligence tools can help these professionals conduct their due diligence more efficiently; contract review and management. Labor lawyers perform very demanding activities to review employment contracts to identify any risks for their clients; the contracts are reviewed, analyzed point by point to advise their customers if they need to sign them or how to renegotiate them. With the help of machine learning software, it is possible to draw up the "best" contract possible.

Let's get to some examples. Although published a couple of years ago (and in this field two years are almost a geological era) the Can Robots be Lawyers studio , created by two economists from MIT and the North Carolina School of Law, shows that 13% of the work of a lawyer can be automated: the model illustrated in the study is based on machine learning algorithms that allow you to automate the different activities of a law firm (from document management to law analysis, to writing the clauses of a contract, two industry, up to the preparation of debates, etc.) by referring to two types of instructionsArtificial intelligence, one based on data (which is "grounded" by the algorithm) and the other is deductive.


Send Comment

Need a custom

We will write it for you.
Order now

Free Essay Examples

Free essays:

All you need to know about Smart prosthesis
Asian vs. western leadership styles
All you need to know about the epidemiology
Applications of BIOMEMS
Broadcasting: How to Be Good In Front of the Camera
Bioconjugates for the Drugs Delivery
Big data analysis in evolutionary biology
Brain-Computer Interface systems with EEG signals
Cochlear implant: what it is and how it works
Current challenges to the health of women
Current challenges to the health of Adolescence
Competitive strategies for modern businesses
Doppler ultrasound or simply eco Doppler
DNA extraction
Dynamic Systems Modeling with Machine Learning
Digital Imaging: What Is It?
Everything you need to know about the capital market
Entrepreneurship: Conceptual Framework for Evaluating Technology
Entrepreneurship: Opportunity and Design Thinking
Everything you need to know about enzymatic kinetics
Factors about The Savings Investment Process
Financial intermediaries and its Types
Fascias: all about fibrous membranes
Funding sources for non-profit organizations
Genetic regulation networks: modeling in biology
How to make your business survive at economic crisis
How to choose the topic of the senior capstone project
Healthcare technologies that help patients with better self-management
Introduction of Microfabrication techniques
Introduction to Writing a TV Script
Introduction to Journalism
Importance of modern trade policy
Journalism: What is News?
Journalism: Broadcast media and Television Presenters
Journalism: Sources of News
Journalism and Law
Kinetic models in biology and Related fields
Know about the different forms of traditional African dances
Know about the history of science
Latest technology trends
Microfluidics and microfluidic chips
Molecular Imaging
Modern conservatism in America
Modeling and simulation of genetic regulatory networks
Nanomedicines to target tumors
Nonlinear Dynamics in Biology & Biomedicine
NLS (Nonlinear System) - Revolutionary system in diagnostic medicine and therapy
Neural networks: what they are and what they are for
Overcoming Hiring Challenges for Nonprofit Organization
Principle of Optical coherence tomography (OCT)
Politics and Religion: Relations and Conflict Issues
Principle and parameters of Volumetric computed tomography
Role of technology in the modern business environment
Role of Homeostasis in Human Physiology
Role of a digital artist
Role of gender studies
Skills in Journalism: Effective Interview
Systems biology - An understanding the functioning of biological systems
Self-assembly for biological systems
School of American Ballet
The Structure of Interest Rates and the Yield Curve
The New Media: Emerging Trends
The technical basis of optical coherence imaging
The Principles of MRI Contrast agents
Ultrasound: physical principles and image formation
Understanding social entrepreneurship
Understand the importance of investigative journalism
Urban planning in the US
Various theoretical perspectives of sociology
Virtual reality, what it is and how it works
What is the purpose of deep brain stimulation?
What is transition elastography?
4 Facts about Origin of Mathematics!
5 techniques to create an animation
13 Best colleges for political science in the world
3d Model Of Building
All you need to know about the ACA Code of ethics
Architecture and Democracy: An Introduction
Architecture and Democracy: Democratic Values
Architecture and Democracy: Democratic Procedures
All You Need to Know About a Synthesis Essay
An essential guide to understanding Film Theory
Application of Artificial Intelligence in Cyber Security
Applications of electrical engineering
Augmented reality: what it is, how it works, examples
Advantages And Disadvantages Of Social Networking
All you need to know about Cryptography
Applications of astrophysical science
All you need to know about architecture engineering
Applications of geological engineering
Artificial intelligence and medicine: an increasingly close relationship
An insight into Computational Biology
ACA code of conduct
A Rose for Emily
Applications of Mathematics in daily life
Architecture mistakes to avoid
All you need to know about Toxicology
All you need to know about Holistic Medicine
All you need to know about linguistics
An introduction to Linguistics and its subfields
All you need to know about Anxiety disorder
All you need to know about Drones
A Brief Insight into Political Science
Assumptions related to feminism
All you need to know about Byzantine emperors
All you need to know about labour economics
An insight into xenobots -the first-ever robots
An ultimate guide about Biomaterials
A Comprehensive Introduction to the Mona Lisa
Analysis methods of Transport through biological membranes
An ultimate guide about biochemical reactions
Analysis of brain signals
Artificial Gene Synthesis
Application to synthetic biology of CAD methods
All you need to know about metabolic pathways
Applications of BIOMEMS
All you need to know about the epidemiology
Asian vs. western leadership styles
All you need to know about Smart prosthesis
How to Write a Personal Essay
Housing Needs in America
How to Write a Description Essay
How to Create an Excellent Scholarship Essay?
How to write a cause and effect essay
How to Hire the Best Essay Writing Service Provider?
How to Write a College Application Essay?
How to get the most out of your English lectures
How to write Expository Essay
How to succeed in your psychology class?
How to Write an Academic Essay in the Shortest Time?
History of Journalism
How Different Sectors are Using Artificial intelligence (AI)
How to write an informative essay
How to deliver persuasive essays?
How to Give a Convincing Presentation
How to write an essay on leadership?
Historical Art Still Around Today
Humanoid robot: what it is, how it works and price
History of Chemistry
Healthcare Advanced Computer Power: Robotics, Medical Imaging, and More
Healthcare AI: Game Changers for Medical Decision-Making and Remote Patient Monitoring
How to understand different types of English
How to Cope with Chronic Pain
How African American choreographers and dancers have influenced American dance
How mobile robot can do in logistics or in production
How To Become a Successful Entrepreneur
History of the Philosophy of Feminism
How is the climate changing?
How to Track Your Content Marketing ROI
How to Gun control In the USA?
Historical and contemporary role of labour in the modern world
How breast cancers are classified?
How the cells of our body communicate?
How the Lymphatic System Works?
How Digestive System Works
How to complete your capstone projects effectively?
How to write a research project
Healthcare technologies that help patients with better self-management
How to choose the topic of the senior capstone project
How to make your business survive at economic crisis
The Looming Energy Crisis in America
Top benefits of performance-based engineering
The More Languages You Know, The More Times You Are a Man
Things to consider while writing an Argumentative Essay
Top Ways to Improve Your Academic Writing Skills
Tips to Excel in Creative Writing
The origins of films in the early 19th century
Top career options in Architecture
The Elevator Pitch
Top finance trends 2020
The basic Structure and functionality of robots
The Way to Success
The election system of the President in the United States of America
Two-party System in United States of America
Top trends in urban design
The history and theory of African American filmmaking
Top benefits of creative writing
Tinnitus Guide: Common Symptoms and Treatment Options
The language of dance
The digital image processing management
Top famous politicians of the World
Top methods of political science!
The history of the feminist movement
The blood flow in cardiovascular system - Biofluid Mechanics
The best of Leonardo Da Vinci
The Structure and Function of Macromolecules
The structure of cell: a research on the bricks of the human body!
Tissue and organ construction: Adhesion and recognition between cells
The kinetics of the transformation processes
The Modeling of Biological Systems
Tips for writing a great thesis statement
The Defense mechanisms against infections
The impact of the technological innovations in medicine
Top journalism trends to know about
The relation between mass media & politics
Theranostics: Diagnosis and Care through Nanoparticles
The practical Applications of X-rays
The applications of Ultrasound in medicine
Transfer mechanisms of genetic information in Bacteria
The regulation of cellular metabolism in the diagnosis
The Principles of MRI Contrast agents
The technical basis of optical coherence imaging
The New Media: Emerging Trends
The Structure of Interest Rates and the Yield Curve
What is a Definition Essay?
What are diagnostic essays?
What is the relation between art structural engineering?
What is a Narrative Essay
What are robotics and intelligence systems?
What are the benefits of studying health sciences?
What is artificial intelligence and why it matters?
What is comparative Literature?
Why study neuroscience
What is Wi-Fi and how does it works
What is French history famous for?
What are Humanistic Studies?
What is covered in Biophysics?
What is modern journalism?
What is Virtualization? Benefits & Applications
What are modern public relations?
What is plasma physics?
What is teacher preparation?
What is rapid prototyping for 3D printing?
What is contemporary European Politics?
Why should you learn American Ballet?
What is engineering physics?
What is the purpose of African American Literature?
Ways to learn the Rhythm
What is digital art used for?
What are Enzymes and how do they work
Who is the father of political science?
Why Study Political Science - Job?
What is the Philosophy of Feminism?
What is a quantum computer?
Ways B2B Startups Streamline Their Conversion Strategies
Why do biomedical signals need processing?
What are the long term effects of climate change?
Why study labour relations
What is Holoprosencephaly?
What is antisocial disorder?
What are the important principles of evolution?
What is the cytoplasm and its function?
What is biopolymers?
What Makes a Good Leader
Women empowerment in modern generation
What is the history of political thought?
What is Gene recombination
What is synthetic biology
What is business cost analysis?
What is Inflation
What are the consequences of unemployment?
What is lithotripsy and its types?
What is transition elastography?
What is the purpose of deep brain stimulation?