4 industries to watch for AI disruption

Consumer-centric applications for artificial intelligence (AI) and automation are helping to stamp out the public perception that these technologies will only benefit businesses and negatively impact jobs and hiring. The conversation from human replacement to human efficiency has become more mainstream as we see AI applications in healthcare, social media, mass transportation, financial industries and many more. Andrew Ng – Computer scientist and adjunct professor of computer science at Stanford – has recently referred to AI as "the new electricity," pointing out that most industries will see the value from AI significantly expand over the next decade. Recent advancements have helped to overhaul mundane and outdated processes and provide advanced data analysis and enhanced or, "augmented," intelligence to support not just companies, but individual employees and consumers. In 2018 and 2019, AI was tapped to disrupt and improve multiple industries, and was the prime target for VC funding with investments well into the billions.