Artificial intelligence in simple words, is the ability of a computer program or a machine, to think and learn. It is also a field of study which tries to make computers "smart". We all hear about AI, Machine Learning, Deep Learning and other related fields and the increasing impact of it; We see how it is used on variety of areas, but We are still "not there yet", both in terms of the accuracy of the AI predictions in some fields as well as with the implementation of these methods in more industries. The good news are that the pace of the progress in AI fields is getting faster and faster, the accuracy of the prediction, as more and more data collected, is getting higher and therefore it looks like more industries would be able to leverage AI for actual revenue growth. In this article I would like to mention 3 industries that to my opinion would highly impacted by the developments in the AI fields.

Our world is changing fast and technological growth is leading to changes in all business sectors. The aim of these changes is to make the process of purchasing products and services more convenient, cheaper and smarter. Regarding the insurance field, the introduction of new technologies to the market is expected to benefit insurance companies, insurance agents, and most of all, the insurees themselves. Several relevant technologies and trends in the field are creating a real revolution in the insurance field. The innovative digitalization we're now witnessing helps insurance companies and agents in the processes of registration, customer service and claim management.

Our world is changing fast and technological growth is leading to changes in all business sectors. The aim of these changes is to make the process of purchasing products and services more convenient, cheaper and smarter. Regarding the insurance field, the introduction of new technologies to the market is expected to benefit insurance companies, insurance agents, and most of all, the insurees themselves. Several relevant technologies and trends in the field are creating a real revolution in the insurance field. The innovative digitalization we're now witnessing helps insurance companies and agents in the processes of registration, customer service and claim management.

Not a day goes by without the announcement of the appointment of a new VP of Artificial Intelligence (AI), a Chief Data Scientist, or a Director of AI Research. While the enthusiasm is undeniable, the reality is that AI remains an early-stage technology application. The potential is vast, but how managers cut through the AI hyperbole to use its power to deliver growth?

There are many interesting use cases for artificial intelligence, from drug discovery to autonomous transportation. But the people seeing the most benefits from AI technologies to date are technologists themselves -- automating their operations and quality assurance, enabling faster application development, greater network optimization, and eliminating manual task work. That's the word from a recent survey of 7,502 IT executives and professionals around the world, commissioned by IBM's Watson group. Overall, 35% of companies now report using AI in their businesses -- up from 31% a year ago, with an additional 42% exploring the technology. It's being applied through off-the-shelf solutions such as virtual assistants, as well as being embedded in existing business operations -- especially IT processes.