AI and Machine Learning Trends to Watch in 2018

The mantra for advancement in technology is to reduce or replace human labor with machines. Traditional human driven systems are being replaced by smart machines and automation. In other words, we can say that the dependence on human decision-making is dwindling very rapidly. If we consider an example of autonomous vehicles like self-driven cars, we can see how AI and machine learning applications are extensively used in self-driven cars these days to avoid collisions, enhance cruise control, self-parking, detect blind-spots, provide drifting warnings and more. All this has become possible with the advancements in technology and the advent of automation in the technology segment, which has transformed the way we deal with objects in our daily life. Now, let’s take a quick look at the most promising AI and machine learning trends for 2018. 

Healthcare Sector: So Much Advancement Is Going on 

In the last few years, we have seen how the healthcare industry has embraced the latest technologies. By leveraging the potential of big data and artificial intelligence, scientists and doctors will soon get the opportunity to prevent deadly ailments like cancer. Artificial intelligence can analyze patients' history and will enable doctors to understand the mechanisms of disease. Furthermore, there are many more smart prostheses emerging every other day, which offer myriad opportunities to patients. 

Also, we shouldn’t forget about robots and AI - together, they make intelligent assistants. They can come in several forms from robots that can alert doctors, monitor patients, and send notifications in real-time in case of emergency to virtual nurses in smartphones that will call for help when they recognize any warning signs. In a nutshell, we can say that artificial intelligence and machine learning hold the potential to create a lot of opportunities to make the healthcare system more efficient for both patients and doctors. 

Financial Sector: More Accuracy and Fewer Risks

We all know that artificial intelligence and machine learning are unbeatable when it comes to analysis, handling big data, and tedious routine tasks that can be performed by a machine. AI and machine learning are used to build predictions based on previous data, since it reduces the chance of error. Also, it is used in business operations to locate anomalies that will help in risk management and detecting fraud. This is something that every business organization would be interested in because it is:

• More accurate

• More efficient as compared to analytics done by people

Indeed, most processes in the financial sector will still continue to be managed by people, but the application of AI and machine learning will make this industry more efficient. 

In this post, we have discussed how AI and machine learning will change the face of the healthcare and finance industry. Can you think of the changes going on in any other industry? If you want to know more about AI and machine learning, you can enroll for AI and machine learning courses in India from any good institute.