These Industries Will Be Transformed by AI
Speed does matter and organizations are aware of it, so there is no time to lose for joining the AI transformation so our business models keep relevant.
Introduction
The world learned a very important lesson from the COVID-19, and that is that time is increasingly valuable in every aspect of our lives.
The international economy went through a critical situation where the governments of different countries had to intervene to avoid financial tragedies that would end in the bankruptcy of companies and entire industries, but how long can the economic situation resist while there is no clear path to follow to face COVID-19?
We cannot predict the time it will take for an economy to collapse due to the drop in consumer trends, but what is a reality is that organizations have sought alternatives to transform their business models to survive. Some time ago we could think that companies needed to pursue continuous improvement to grow and expand their operations to different territories and markets, today, efficiency is no longer a luxury and became a necessity.
Strategic economic activities
Organizations from different sectors have adopted new mechanisms with good results aimed at improving the experience of their consumers and therefore are in a process of continuous improvement.
In this article we will analyze some of the sectors that have made notable progress in their business models and that today allow us to have better products and services:
Transportation
Thanks to the use of GPS (Global Positioning Systems) we can count on better results in processes of motor transport of people and also of goods. Once I heard a person say that the use of GPS made us dependent on technologies and that now we were unable to remember a route or path to a specific destination by ourselves, in a certain way he may be right, although there are many other aspects that justify the use of technologies to help us on our way, such as having valuable information in real-time that could anticipate us if there are blockages on the route that could prevent us from reaching our destination, it means that now we have data that allows us to make better decisions.
Personally, I consider that a good memory is useful, but our speed of learning can help us find better solutions to our problems.
In addition to the domestic aspects of the use of GPS, it is important to highlight the advances in logistics companies that, thanks to the implementation of artificial intelligence technologies, can understand and anticipate their different routes, achieving significant cost reductions to generate better benefits.
Likewise, the efforts in the transport of people incorporate platforms that have earned the trust of the market by knowing the profile of the driver who will provide the transport service and even knowing in advance the cost of their trip because they are carried out calculations based on the estimated time and distance of the journey.
But ultimately we are not far from finding an important advance in the trucking industry when AI systems are providing fully automated services, saving thousands of lives on the roads due to weather conditions or insecurity. This turns technology into a support for human beings and allows them to carry out logistics functions with levels of security never seen before.
Education
Education is an exciting and highly impactful subject because it allows us to understand the world in its different environments. With artificial intelligence, a hope arises to eradicate the conditions of inequity in educational processes to ensure that more and more people can aspire to comprehensive training in any subject that is of interest. One of the great pioneers in this field is the founder of the Khan Academy platform — Salman Khan.
Nowadays the physical barriers to learning from universities in different parts of the world have been eliminated and we dispose of high-quality content at very accessible prices and even free, with which we can find ourselves with more and more opportunities to learn any subject of our interest.
The current situation caused various universities in the world to adapt their academic models to be taught online, but not only have they tried to set up platforms and video classes to facilitate the teaching of different subjects, but it has also demanded that teachers adopt new processes such as communication, and assessment that allows students to achieve their academic goals.
Teaching activity became an extremely relevant task to prevent education from stopping and today teachers face the challenge of building really interactive classes so their students keep their on the topic and have a much better learning experience.
Schools and universities must now find a way to serve more people who need a structure to obtain professional training and that is why through specialized knowledge of different student profiles it will be possible to prepare educational schemes that will not be standardized strategies for large audiences but that virtual tutors will be able to have tools that facilitate the supervision of the learning of each student without affecting the quality of the process.
Finance and DeFi
The financial industry has constantly evolved according to the needs of organizations and even governments to catalyze the development of economies.
Today we are facing a phenomenon that is surely about to achieve a radical change in the way we manage our money and that will imply the adoption of AI technologies in different aspects such as the speed of payment processes, transaction costs, security in managed funds, and money transparency.
There are many crimes that are committed by attacks on fragile technological infrastructures where even central banks are constantly the targets of this type of attack. Let us consider that from derivative financial products to cryptocurrencies, new practices have been adopted in order to generate value in the operations of companies.
Among all this environment of innovation, trends are now emerging such as decentralized finance where the networks together with their different nodes represent the fundamental structure to preserve the value of a cryptocurrency project into which transactions with third parties can be carried out with the purpose to guarantee the compliance with obligations through smart contracts and thus optimize the economic situation of several industries.
Among other advances are open loan protocols that democratize the provision of credits by eliminating intermediaries such as banks and instead delegate this responsibility for supervision of compliance to the blockchain that will allow starting the pertinent measures with authorities if necessary in case of a payment default is generated, thereby this makes the interaction between the people involved more efficient.
Final Insights
The adoption of new technologies in our daily lives is a process that has transformed our daily life and in many cases has brought great benefits.
In industries and services, the incorporation of new technologies should be aimed at generating value to prevent people from being displaced by promoting unemployment, on the contrary, people’s lives must always be the priority. If we analyze the number of lives that can be saved thanks to the automation of delivery vehicles that travel the roads or even taking this initiative to commercial ships that can be automated without the need for a crew to invest days or weeks in a journey by the sea can represent a great step forward the international commerce in which people’s lives are safer and technological devices are put in risk instead.
Dear reader, to end today’s reflection, I say goodbye with the following question:
Do you consider that machines in the future will have rights and will be treated the same as a person with feelings and conscience?
Thanks for reading.
