Welcome to the rise of the autonomous economy where Artificial Intelligence (AI), the Internet of Things (IoT) and even Distributed Ledger Technology has woven its way into many aspects of our lives. AI created your YouTube recommendations, filters your emails and even answers your calls. In fact, AI has the potential to offer $15.7 trillion to the global economy by 2030.
But AI is more than that – it is used for fraud protection, as a visual personal assistant, in banking, and even in ride-sharing. AI has revolutionized many aspects of our lives, and here are three of its biggest impacts in 2019.
Search and Rescue
In 2017, the United States National Park Service deployed almost 3,500 search and rescue missions in the country’s national parks. One way that AI is helping search and rescue teams this year is through the creation of a database that can help compile information on locations that are hard to reach. Nicole Abaid from the Department of Biomedical Engineering and Mechanics explained that “from the historical search data, we know that certain types of people tend to do certain things when they’re lost.” By creating a database of profiles for lost persons, Abaid hopes that an autonomous system will be able to make accurate predictions on where rescuers and drones should look.
AI is now being used by the regulatory technology industry to ensure firms stay complaint. Funds Europe reports that The Singaporean government recently trailed an initiative called MyInfo which is “designed to develop a single digital form of identity that can be used in multiple places.” This will allow companies to easily check and update their compliance database. It will also allow companies to create digital contracts, which are much more secure compared to paper contracts. As a result, AI will allow companies to move away from paper-based compliance and convert their systems to a digital platform, therefore streamlining the process.
Another example of AI compliance being deployed is by fleet companies in the UK. Verizon Connect UK explains how autonomous tachograph compliance and verification methods are part of today’s advanced fleet software management systems. This means fleet managers receive readings on whether their drivers are being compliant without the need to physically check over vehicles. If a driver is approaching a legal limit they can also be alerted in order to comply with the rules.
2019 will see a further step in AI-powered vehicles, with automobiles installing forward collision warning systems that alert drivers or automatically brake when it senses danger. Researchers from the Massachusetts Institute of Technology are developing an autonomous control system that “learns” the steering patterns of human drivers as they navigate roads in a small area, using only data from video camera feeds and a simple GPS-like map. Then, the AI can control a driverless car along other routes by simply imitating the human driver. It can even detect mismatches between its pre-installed map – like roadblocks, cars and traffic – to determine the car’s course. It’s another big step towards fully autonomous vehicles.
AI is being deployed in healthcare, entertainment, and even government offices too – making decisions that affect more than one aspect of our lives. This is being labeled as the “age of implementation,” according to an article by the New York Times. AI isn’t just a product of science fiction – it is real, it is here and it will continue to change society as we know it. What is clear is that 2019 has been a big step forward in how it has impacted the world.
Post solely for the use of blockdelta.io By Amber Hunt