AI IN ACTION: HOW DIFFERENT SECTORS ARE USING SMART TECH

Think of AI as a superstar celebrity; it’s popping up everywhere, and everyone wants a piece of it! Let’s take a whirlwind tour of different business scenes and see where AI has been making headlines.

Sector-specific Investigation: Industries Transformed by AI

Healthcare: AI – The Doctor’s New Best Friend
  1. Medical Imaging and AI: AI, particularly Convolutional Neural Networks (CNNs), is revolutionizing medical imaging. CNNs enhance early disease detection, sometimes outperforming experienced radiologists (Agrawal, Gans, & Goldfarb, 2022) [1]; (Davenport & Ronanki, 2018) [11]; (Jordan & Mitchell, 2015) [16].
  2. NLP in Psychology: Natural Language Processing (NLP) in psychology analyzes speech and writing to aid in mental health treatments.
  3. Personalized Treatments: AI algorithms create customized treatment plans by analyzing patient data.
  4. Predicting Patient Needs: AI predicts patient needs in hospitals, improving resource management.
  5. Medicine Development: AI expedites drug discovery, from identifying drug candidates to predicting interactions and tailoring medications.