AI aka Artificial Intelligence is the technology that makes machines perform tasks that require human intelligence – speech recognition, decision-making, and visual perception.

As per experts, AI technology looks highly promising and have the potential to enter the $126-billion earning by 2025.

Although AI is being used by almost all the prevalent industries to date, there are a few sectors that benefit from AI technology the most. There are 5 industries that have implemented the power of AI to the best potential.

AI in those sectors is transforming customer and patient experiences masterfully with sheer promptness.

Today, KRElixir will tell you about 5 thriving AI-driven industries and share some useful statistics that prove the prominence of AI technology in the current and future market. So, continue reading further to gain more knowledge.

Healthcare

AI helps physicians and medical practitioners diagnose diseases/medical conditions, provides genetic information, medical imaging, digital consultation, medical records maintenance, medication management, and drug development.

Financial Services

Artificial intelligence AI along with ML (machine learning) helps in detecting fraudulent transactions. In the insurance industry, AI chatbots are assigned for filing claims and creating insurance products using CI (Customer Intelligence).

E-commerce

Almost all top e-commerce sites are AI-powered to deliver direct mails, personalized experiences, logistics, and awesome CX (Customer Experience).

Hospitality

The hospitality industry has adopted AI to offer in-person customer service and smart guest rooms so that the clients can have a mind-blowing experience during their stay. Through AI, hospitality businesses can understand what their customers want and become more customer-centric than before.

Retail 

AI has revamped the retail industry by facilitating easier  online shopping for retail customers. With the aid of artificial intelligence, retail businesses can get insights into consumer behavior and plan their sales strategies accordingly. The usage of chatbots in retail has even accommodated 24*7 client service and higher revenues for the sector.

To sum up, almost all industries including the ones mentioned above are taking full advantage of AI. Artificial Intelligence is also deployed to provide services, like cloud solutions. KRElixir can help you on your digital transformation journey by making you digital-ready and one step ahead of your competitors.

A growing number of companies, irrespective of size, are reorienting their plans to include more AI-driven technology. Here, KRElixir would like to present some latest statistics for your perusal.

• The global AI market value is expected to reach $267 billion by 2027.
• AI is expected to contribute $15.7 trillion to the global economy by 2030.
• 37% of businesses and organizations employ AI.
• 9 out of 10 leading businesses have investments in AI technologies, but less than 15% deploy AI capabilities in their work.

Adopt AI technology and become a part of something extraordinarily superior and lucrative. Connect with KRElixir today for a digitally-driven future tomorrow.