Artificial Industry growth: Which industries are utilizing it?

Today, every sector and industry is developing at a fast pace. After all, everyone is facing tremendous competition in terms of quality in content- and it is important to stay up to the mark to survive. One such industry witnessing amazing growth in the field of Artificial Intelligence.

With the number of developments and advancements taking place, the growth of the artificial industry does not seem to slow down any day soon. This mode of technology is particularly used in developing tasks related to human capabilities. Since the products of this industry make the lives of the general public easier, it is going to be in demand forever. Let us deeply understand the trends, growth, and new industries coming up in this industry.

Trends in the field of artificial industry

The artificial industry is said to be a sector with the potential to alter future lifestyles. With a field so strong, its trends are obvious to affect our lives in the future. Here are a few trends in the field of artificial intelligence which hold the power to alter our lifestyles in the future:

• Robots:

With the AI sector growing faster than ever, the landscape of the future would be most affected by the development of robots along with Artificial Intelligence. The trend of developing robots alongside the artificial industry would improve all our systems drastically. These robots would be able to increase work efficiency by manifolds. Systems like the healthcare system, the industrial sectors, or any sectors that require high amounts of labour as well as precision- all these fields would witness a massive change once this trend is developed.

• Cloud:

The trend of artificial industry working alongside cloud systems is in the works now. The development of GPUs, for instance, has been the biggest achievement in this trend. The AI processors and cloud models are now reaching out to the general public. People are now able to enhance their PCs for better development, and this is only said to get better in the future.

• Personalization:

The general public is not the only one benefitting from the latest trends in the field of artificial industry. Many big companies like Amazon and Dominos use Artificial Intelligence to help their users personalize their pages as per their convenience. This method helps the companies to keep up their user satisfaction levels. This trend of personalization is also said to only increase and develop in the coming years.

Growth in the field of artificial industries

Today, the field of Artificial Intelligence is considered to be the fastest-growing one. With ample developments and lots of job opportunities, this promising field of development is improving more and more every day. Here are a few reasons how:

• Over the last ten years and around, the global startup funding of the artificial industry sector has exponentially increased from 670 million dollars to 36 billion dollars from the year 2011 to the year 2020. The best part about this growth is that it is only increasing more day by day. With the field of Artificial Intelligence in its developmental stages today, the investment in it is expected to go up further in the next decade.
• The world economic forum recently came up with a report, Jobs of Tomorrow: Mapping Opportunity in the New Economy (2020). According to the data and conclusion of this paper, experts believe that 133 million new jobs opportunities will be coming up throughout the world for the working capital by 2022. Of these 133 million job opportunities, about 16% would fall under the umbrella of the jobs provided under the sector of Artificial Intelligence. 

New industries entering the field of Artificial Intelligence

Many industries are now recognizing the potential that artificial industry holds. Hence, they are entering this field to make use of this promising way of development. Here are a few sectors which entered this field recently:

• Transportation sector
• Healthcare industry
• Finance computing
• Manufacturing sectors
• Entertainment sectors

Conclusion

Many people claim that artificial intelligence is today's electricity. Just as electricity changed the dynamics of our lifestyles dramatically in all these years of its existence, Artificial Intelligence is expected to do just the same to our future.