Attention: Top 5 Trending Artificial Intelligence Sectors 2021

Artificial intelligence is the trending technology that keeps on soaring day by day, in spite of pandemic. Still, there is no doubt that many sectors already benefit from implementing this technology in their workspace.

In September 2019, IDC predicted that the spending on AI would grow to $97.9 billion by 2023. 

This massive investment in AI indicates that major parts of the world’s sectors are embracing this technology. It means AI has significantly increased from over the last years, which is why it is found in the maximum business sector. But do you know the prominent cause behind its increasing popularity? And from where you can take the Artificial Intelligence Development Services.

Because it replaces the repetitive task done by the human being. For better understanding, let’s dive straight into the article and understand in which working areas AI is implemented.

But, first, do you know what artificial intelligence is?

What is Artificial Intelligence?

Artificial intelligence is the simulation of human intelligence processes by computer machines. In other words, it’s a branch of computer science for building intelligent machines that are programmed to think like humans and mimic their actions.

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Top Artificial Intelligence Sectors: 

Due to its capability of thinking and performing actions like human beings, its popularity keeps on escalating, and that’s why you don’t find any sector where this technology hasn’t set foot yet. It helps in efficiently solving complex problems. So following are the fields where we can find the implementation of this technology in full swing. So, let’s read about it:

#Helps in Navigation & Automotive Industry

#AI In Healthcare industry

#AI Application in Agriculture

#AI In Space Exploration

#AI Implementation in Cyber Security

1. Helps in Navigation & Automotive Industry:
  • AI-based GPS technology helps the users in navigation, but how? The convolutional Neural Network and Graph Neural Network help detect the number of lanes, traffic, road types, obstructions, etc. The implementation of this technology makes life and functions easier.
  • Example:  Many logistics companies efficiently use this technology for operating at its best by analyzing the traffic, routes, etc.
  • Some automotive industries provide virtual assistance to their users for better performance. Besides this, many countries are working towards developing self-driving cars, which means that AI will replace the driver’s job in the upcoming years.
  • According to alliedmarketresearch the global automotive artificial intelligence market is expected to reach $8887.6 million by 2025.
2. AI In Healthcare industry:
  • The Healthcare industry is another field where AI is used exceptionally well. From the last five to ten years, it has had a significant impact on the healthcare industry.
  • With this technology, intelligence machines can be built, which helps diagnose cancer cells and other diseases. 
  • The AI-associated healthcare market is expected to grow rapidly and reach USD 6.6 billion by the year 2021, which is corresponding to a 40% compound annual growth rate. 
  • It can help early detection of chronic conditions with the doctors so that the proper medication is provided to the patient before his health worsens.
  • Besides this, if you are looking for POS software for your hospital, the Custom POS Software Development Company can do the needful.

CHRONIC HEALTH CONDITIONS EXPECTED TO BENEFIT MOST FROM AI/ML

Source: heartcareitnews

  • When AI is used with the combination of historical data and medical history, then it is beneficial in forming the new medical drugs.

Read Also: How Can the Hospitals Leverage the Benefit from the POS System?

3. AI Application in Agriculture:

You must be amazed by reading that AI has also expanded its reach in the agriculture field. Do you all know that by the end of 2050, we will need to produce more food because of the increasing demand and wastage of food?

  • So, the next question that must start clicking in your head is, what’s the solution for this?
  • The answer is, we have to use our resources carefully. Here comes the AI into the picture; with the help of this technology, farmers will get more from the land while carefully utilizing the present resources.
  • The wastage of food, crops getting damaged by weeds, etc., are the main rising concerns that have pushed the innovators to think about the techniques that will help increase the soil’s productivity.
  • Various organizations are working on using robotics and automation that will help the farmer protect their crop from weeds, insects, etc.
  • As per the marketsandmarkets, the AI in the agriculture sector is expected to grow from an estimated USD 1.0 billion in 2020 to USD 4.0 billion by 2026.

Source: Marketsandmarkets

  • Example: Plantix is an application that identifies the deficiencies of nutrients and minerals in the soil through images. This app is developed by the Berlin-based agriculture tech startup called PEAT.
4) AI In Space Exploration:

There was a time when space was a mystery for everyone, but now, the technology is thriving at lightning speed, due to this our scientist is successful in getting valuable information from the universe.

  • With the AI and ML( Machine Learning) introduction, scientists are developing the AI-based assistant (Robot), which assists the astronauts in their mission to Mars, Moon & other solar system planets.
  • In 2018, with Intel’s assistance, NASA developed an AI system that helped astronauts find their way on the planets. Does this incident ring any bells? 
  • Do you remember that NASA uses AI for its rover mission to Mars, the Mars 2020 Rover?
  • Besides this, Space expeditions and discoveries are always needed to analyze the massive amount of data, which the AI and ML efficiently do by processing the data. 
5. AI In Space Exploration:

There was a time when space was a mystery for everyone, but now, the technology is thriving at lightning speed, due to this our scientist is successful in getting valuable information from the universe.

  • With the AI and ML( Machine Learning) introduction, scientists are developing the AI-based assistant (Robot), which assists the astronauts in their mission to Mars, Moon & other solar system planets.
  • In 2018, with Intel’s assistance, NASA developed an AI system that helped astronauts find their way on the planets. Does this incident ring any bells? 
  • Do you remember that NASA uses AI for its rover mission to Mars, the Mars 2020 Rover?
  • Besides this, Space expeditions and discoveries are always needed to analyze the massive amount of data, which the AI and ML efficiently do by processing the data.
6. AI Implementation in Cyber Security:

When technology has stepped into the world, it was the beginning of a new technology era that we named a digital age. Due to this reason, we spend most of our time using technology. But, unfortunately, this means all the crucial or confidential data of every user or even big organization is at its stake; that’s why the cases of cyber-attack are soaring day by day.

  • Many reports state that hackers are infiltrating large companies and stealing consumers’ confidential information.
  • This attack also rises in 2021; sometimes, the hackers lock the computer and demand the ransom.
  • But with the AI algorithm, it can suspect any suspicious activity, which results in either alerting the user or stop the attacker from going further.
  • As per the marketsandmarkets, AI in the cybersecurity field is expected to reach USD 38.2 billion by 2026.

AI IN AGRICULTURE MARKET, BY REGION (USD BILLION)

Source: Marketsandmarkets

This bar graph depicts AI implementation in various countries with the time like North America, Asia Pacific, Europe, and RoW( Rest of the world).

Outlook:

AI technology is making a significant impact in various industries with its efficiencies. It can explore the far reaches of space, intelligent decision-making power, helps in autonomous vehicles by being capable of making critical decisions based on the current traffic on the roads.

Other than this, it is also used in the healthcare sector, IT sector, Marketing, social media, and some other sectors. So we hope this piece of information will prove beneficial for you!!

We Are Here For You:

Ellocent Labs is one of the best Mobile App Development Company that builds custom apps per the client’s needs and requirements. Our efficient team of developers are always passionate about using cutting-edge technologies. Please find out more about our services on our website!!

Read Also: How to Find the Best Mobile App Development Company for Your Business

How Can the Hospitals leverage the Benefit from the POS System?

How Can the Hospitals Leverage the Benefit from the POS System?

With each passing day in the digital era, technology keeps on getting smarter at a rapid pace. It means the new things will keep on inventing and one of the best inventions is the POS system. We know for most people this term is new, and for some, it is not new. Many industries are leveraging the benefit of this system like a retail business, restaurants, and many more by taking the services of point of sale software development company. But, there is nothing mentioned about the hospitals. Do you ever pay attention to this thought? If not, then it’s a perfect time to put on a thinking cap.

So, in this article, we will explore some of the benefits that hospitals can take by implementing the POS system.

The point of sale system allows companies to work smoothly and efficiently. This type of system is embraced by many users who love to do online shopping and want to make a payment for their services or goods without any hassle on the website.

What is a POS?

The term POS stands for the Point of sale. When the customer checks out for your products or services and selects the product, and adds it into the cart, they are at the point of sale.

What is a POS System?

POS system allows every business to accept the payment from the customers and helps in keeping track of the sales. You all must be familiar with the old POS system where the customers make a purchase from the card through a card reader. This card reader was integrated into the monitor or a separate device connected to the internet.

Point of Sale Software Development Company

But, due to recent development in technology, the modular system provides dynamic flexibility, which means the transaction is possible anytime and from anywhere. If you are also looking out for custom POS software, then you can take the services of Custom POS Software Development Company.

Let’s look at some of the benefits the hospitals can leverage from it by implementing this innovative system in their work premises.

1. Provide Relevant Information Regarding Meals to Patients:

Provide relevant information regarding meals to patients

Source: nursingtimes

 The hospitals need to maintain the patients’ data with accuracy. Besides this, there is an enormous amount of data related to the patients that need to be tracked on a daily basis. Furthermore, with the help of mobile POS, anybody can make a payment at any spot. Other than this, the patients can use the online tablet provided by the hospital management in each room or at least to each staff member to order the food according to their restricted diet plan. Moreover, online ordering is the safest and fastest way to give the order to the hospital’s kitchen without wasting time calling and typing the order onto the desktop. Due to this reason, hospitals should take advantage of this system.

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2. Helps in Keeping Track of the Record:

The POS system helps track every patient’s health. Furthermore, it helps in keeping the record of the transactions done by each customer or patient. In the traditional time, there was a need to maintain the cash book where all the records of the transactions were kept. But, with the POS system, there is no need to maintain such a type of book. Besides this, you must know that the POS system uses cloud computing which means all the online data or transactions are secured. So there is no point in getting insecure while implementing this system in the hospitals. If you want to develop the website for your business, you should hire the best web development company that can transform your raw idea into reality.

3. Automate Process:

 With the POS System, you can automate the process, which means there is no need for human intervention once you set the alarm or notification when inventory drops to a certain number. Let’s consider an example: an inventory manager can set the notification when the stock of masks and sanitizer are dropping to 1000 as per the hospital requirements. So the POS system will ring the bell, and the manager can place an order without any panicking or at the nick of the time. So this system helps in automating the process, which are the reasons for the daily stress.

4. Benefits of Payroll:

The successful implementation of the POS system in the hospital can allow the management to keep track of the staff performance. Besides this, management can keep an eye on each transaction, like who is paying the amount and how much amount?

With the use of this system, you can add the staff into the system and then track their hours, generating the scheduled email for the employees.

5. Helps in Finding the Loopholes:

There is always a need to maintain the workflow in every work premises. The real-time data at your fingertips will help the management to find the loopholes. You can find the gaps and implement some of the ideas to eliminate wasteful spending. Moreover, you can recognize some companies charging you more for the same services than the other companies.

In this way, you can save your money on extra and costly expenses.

Final-Thought:

 Till now, retail and restaurants are the main industries where this system is implemented. But, these days, the medical field is also getting pace in implementing this system. Therefore, this type of system helps in managing the large number of employees smoothly.

Ellocent Labs is a reputed POS Software Development Company whose primary objective is to provide the competitive advantage by equipping them with the latest technologies. Our developers’ team always focuses on the goal of making the client’s endeavor successful. Please do visit our website for more information!!

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