AI's Future Across Key Industries
AI's Future Across Key Industries
DIFFERENT FIELD’S
Project Report submitted to Savitribai Phule Pune University, Pune
2023-24
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With deep sense of gratitude we would like to thank all the people who have lit our path
with their kind guidance. We are very grateful to these intellectuals who did their best to
help during our project work.
It is our proud privilege to express a deep sense of gratitude to Dr. M. V. Bhatkar,
Principal of, Jawahar Education Society's Institute of Technology, Management &
Research, Nashik, for his comments and kind permission to complete this project. We
remain indebted to Dr. A. K. Sanap, FE Coordinator Applied Science & Humanities for
her timely suggestion and valuable guidance.
The special gratitude goes to guide Mr. M.B.Borse for excellent and precious
guidance in completion of this work .We thanks to all the colleagues for their appreciable
help for our working project. With various industry owners or lab technicians to help, it has
been our endeavor throughout our work to cover the entire project work.
We are also thankful to our parents who provided their wishful support for our
project completion successfully. And lastly we thank our all friends and the people who are
directly or indirectly related to our project work.
6. Future Of AI in Education………………………………………….….6
7. Benefits for Students of Ai……………………………………………7
8. Key points of Ai in Education………………………………………...8
9. Future Of Ai In Finance………………………………………………..9
10. Applications Of Ai in Finance……………………………………10
11. Benefits Of Ai in Finance………………………………………….11
ABSTRACT :-
Beings
4. The future Becomes Easier Than The Expectations Which have been
Since then, generative AI has spearheaded the latest chapter in AI’s evolution, with
OpenAI releasing its first GPT models in 2018. This has culminated in OpenAI
developing its GPT-4 model and ChatGPT, leading to a proliferation of AI generators
that can process queries to produce relevant text, audio, images and other types of
content.
AI has also been used to help sequence RNA for vaccines and model human speech,
technologies that rely on model- and algorithm-based machine learning and
increasingly focus on perception, reasoning and generalization.
Business automation has naturally led to fears over job losses. In fact, employees
believe almost one-third of their tasks could be performed by AI. Although AI has made
gains in the workplace, it’s had an unequal impact on different industries and
professions. For example, manual jobs like secretaries are at risk of being automated,
but the demand for other jobs like machine learning specialists and information security
analysts has risen.
After a decade without much progress, interest revived in the late 1980s. This revival
was primarily driven by reports that machines were becoming better than humans at
“narrow” tasks like playing checkers or chess and advances in computer vision . 1.
In today’s era, the pace of evolution is faster than ever. We see that progress in
technology so rapidly nowadays, from Alexa, SIRI to autonomous vehicles, alpha zero,
and Sophia. In science fiction movies, we see AI as human-like robots, but in reality, it
goes far beyond that, which includes programs like alpha zero who has recently beat
all humans’ at Chess and other games.
2. AI in Education
3. AI in FINANCE
4. AI in Military and
5. AI in Cybersecurity
6. AI IN AGRICULTURE
AI is diversified to almost all the fields, and we would discuss the future of AI in 2.
FUTURE OF AI IN HEALTH CARE INDUSTRY
India is 17.7% of the worlds’ population that makes it the second-largest country in
terms of China’s population. Health care facilities are not available to all individuals
living in the country. It is because of the lack of good doctors, not having good
infrastructure, etc. Still, there are people who couldn’t reach to doctors/ hospitals. AI
has the ability to provide the facility to detect disease based on symptoms; even if
you don’t go to the doctor, AI would read the data from Fitness band/medical
history of an individual to analyze the pattern and suggest proper medication and
As mentioned earlier Google’s deep mind has already beaten doctors in detecting fatal
diseases like breast cancer. It’s not far away when AI will be detecting common
disease as well as providing proper suggestions for medication.
3.
Regulation of AI in healthcare :-
the rapid advancement of technology, regulations can lag behind the products and
devices they need to regulate. There is a balance between holding back innovations of
life sciences organizations to keep people safe and allowing devices and products to
enter the market so they can benefit those who need them.
AI itself can be used to speed up this process, to ensure quality and compliance, help
organizations analyze the large amounts of data needed for verification and validation,
help them be ready for regulators and auditors, and assist in the delivery of their
products to patients.
The complexity and rise of data in healthcare means that artificial intelligence (AI) will
increasingly be applied within the field. Several types of AI are already being employed
by payers and providers of care, and life sciences companies. The key categories of
applications involve diagnosis and treatment recommendations, patient engagement
and adherence, and administrative activities.
4.
Although there are many instances in which AI can perform healthcare tasks as well or
better than humans, implementation factors will prevent large-scale automation of
healthcare professional jobs for a considerable period. Ethical issues in the application
of AI to healthcare are also discussed.
administrative and clinical workflows. Some health care organizations use RPA to
improve the patient experience and the daily function of their facilities.
5.
FUTURE OF AI IN EDUCATION
Artificial Intelligence (AI) is reshaping the world around us, including the ways of
learning about it. Traditionally, education has followed a one-size-fits-all approach,
where students are taught the same curriculum at the same pace. However, this model
often fails to cater to students' needs and learning styles.
AI in education offers educators the potential to customise the learning experience for
each student. This article will discuss how AI in education enables personalised
student-centric learning. We will also look at the importance of AI in education and the
use of adaptive learning platforms. We will also look at the application of AI in
education in the years to come.
Right Education can enhance the power of individuals/nations; on the other hand,
misuse of the same could lead to devastating results.
Artificial Intelligence in education caters to each student's needs and adapts to their
unique learning styles. It helps students learn at their own pace by identifying when a
student is ready to move on to more advanced concepts. ML algorithm analyses their
understanding and offers extra practice or reinforcement to ensure concept clarity. It
helps improve their understanding and retention of the material.
7.
The key advantages of AI in education for students are:
7.Enhanced skill development: AI in education not only helps students learn academic
subjects but also supports the development of soft skills. Personalised learning encourages
critical thinking, problem-solving, and creativity. It provides targeted support to help students
8.
FUTURE OF AI IN FINANCE
Finance has always been about analyzing data to predict risks and also returns. Yet,
with the vast amounts of data in today's digital world, there are very limits to human
analysis. This is where AI comes in - to find the needles in the haystacks of financial
data.
But it's not just about the profits. Applied ethically, artificial intelligence in
finance can also expand access to credit and financial tools. In a world of increasing
complexity, AI may hold the key to much better fiscal management, from Wall Street to
community banks and even personal budgets.
9.
Applications of AI in Financial Services
Artificial intelligence is rapidly transforming the banking processes to make them much
more efficient and also cost-effective. Through the examination of vast data sets, AI
algorithms are able to automate manual tasks, freeing up the employees to focus on
higher-value work.
For example, AI chatbots now handle many routine customer service queries about
account balances, payments, etc. This greatly improves the response times and frees
up call center staff.
In this context, digital identity can help reduce AI-based fraud by providing an
additional layer of verification, ensuring that financial transactions and services are
accessed only by legitimate users.
10.
The Benefits of AI in Financial Services
On the operations side, AI streamlines the processes and reduces costs through
automation. For example, robotic process automation uses software bots to handle
high-volume, repetitive tasks like loan processing and claims management. This not
only speeds up these processes but also reduces human error.
11.
FUTURE OF AI IN MILITARY
Historically, the use of AI in the military can be traced back to the early days of
computing, with the development of sophisticated algorithms for military applications.
One of the key figures in the advancement of AI in the military is Dr. Stuart Russell, a
renowned computer scientist and AI expert who has been at the forefront of research
on autonomous weapons systems and AI ethics. His work has highlighted the potential
risks associated with the use of AI in military contexts and has called for robust
regulations and ethical guidelines to govern its use.
12.
The impact of the future of AI in the military is multifaceted, with both positive and
negative implications. On the positive side, AI technologies have the potential to
enhance military capabilities by enabling faster and more accurate decision-making,
improving situational awareness, and increasing operational efficiency. For example,
AI-powered autonomous drones can be used for surveillance and reconnaissance
missions, reducing the risk to human soldiers and providing real-time data for strategic
planning.
However, the negative aspects of AI in the military cannot be overlooked. One of the
major concerns is the potential for AI systems to malfunction or be manipulated by
adversaries, leading to unintended consequences or even catastrophic outcomes.
There are also ethical dilemmas surrounding the use of AI in warfare, such as the lack
of human control and accountability, as well as the potential for AI systems to violate
international humanitarian law.
13.
Influential individuals who have contributed to the field of AI in the military include Elon
Musk, the CEO of SpaceX and Tesla, who has been vocal about the dangers of
unregulated AI development and has called for international cooperation to establish
norms and regulations for AI in military applications. Another key figure is Dr. Fei-Fei
Li, a leading AI researcher and advocate for ethical AI, who has highlighted the
importance of integrating ethical considerations into the design and implementation of
military.
From a strategic perspective, the future of AI in the military presents new opportunities
for enhancing national security and defense capabilities. AI technologies can be used
to analyze large amounts of data, identify patterns and trends, and predict potential
threats, enabling military leaders to make informed decisions and respond swiftly to
changing circumstances. However, the reliance on AI also poses challenges in terms
of cybersecurity, data privacy, and the potential for AI systems to be exploited by
malicious
In conclusion, the future of AI in the military holds great promise for revolutionizing
warfare, but it also raises important ethical, legal, and security concerns that must be
carefully considered and addressed. It is essential for policymakers, military leaders,
and technologists to work together to develop responsible AI governance frameworks
that prioritize human rights, transparency, and accountability.
14.
FUTURE OF AI IN CYBER SECURITY
Artificial Intelligence (AI) has been making significant strides in various industries,
including cybersecurity. As technology continues to advance, the need for stronger
cybersecurity measures becomes even more crucial. AI has the potential to
revolutionize the field of cybersecurity by providing advanced tools and strategies to
combat cyber threats. In this essay, we will explore the future of AI in cybersecurity and
its implications for the protection of sensitive information and data.
One of the key areas where AI is expected to have a major impact on cybersecurity is
in threat detection and response. Traditional cybersecurity measures rely heavily on
human intervention to detect and respond to cyber threats. However, with the
increasing complexity and frequency of cyber attacks, manual methods are no longer
sufficient. AI-powered tools can analyze vast amounts of data in real-time, identify
patterns of suspicious activity, and respond rapidly to potential threats. This can help
organizations stay one step ahead of cybercriminals and prevent security breaches
before they occur. 15.
Another area where AI can enhance cybersecurity is in the field of predictive analytics.
By analyzing historical data and identifying trends, AI can predict potential cyber
threats and vulnerabilities before they manifest. This proactive approach to
cybersecurity can help organizations mitigate risks and strengthen their defenses
against future attacks. Additionally, AI can help automate routine cybersecurity tasks,
such as patch management and software updates, freeing up cybersecurity
professionals to focus on more strategic initiatives.
AI can also be used to enhance user authentication and access control measures.
With the rise of remote work and cloud-based applications, traditional password-based
authentication methods are no longer sufficient to protect sensitive information. AI-
powered authentication tools can provide more secure and convenient methods of
verifying users, such as biometric authentication and behavioral analysis. This can help
prevent unauthorized access to critical systems and data, thereby reducing the risk of
16.
The advantages of AI in cybersecurity
AI algorithms, particularly ML and deep learning models, can analyze massive volumes
of data and identify patterns that human analysts might miss. This ability will facilitate
early detection of threats and anomalies, preventing security breaches and allowing
systems to become proactive rather than reactive in threat hunting.
Predictive intelligence paired with natural language processing can scrape news,
articles, and studies on emerging cyber threats and cyberattack trends to curate new
data, improve functionality, and mitigate risks before they materialize into full-scale
attacks.
Previously without AI, analysts had to use complex query languages, operations, and
reverse engineering to analyze vast amounts of data to understand threats. Generative
AI algorithms can automatically scan code and network traffic for threats and provide
rich insights that help analysts understand the behavior of malicious scripts and other
threats.
17.
FUTURE OF AI IN AGRICULTURE
By 2050, we must produce 60 percent more food to feed a world population of 9.3
billion, reports the Food and Agriculture Organization. Given the current industry
challenges, doing that with a farming-as-usual approach could be tricky. Moreover, this
would extend the heavy toll we already place on our natural resources.
This is where Artificial Intelligence can come to our rescue. The AI in Agriculture
Market is projected to grow from $1.7 billion in 2023 to $4.7 billion by 2028, highlighting
the pivotal role of advanced technologies in this sector. This article explores three
significant issues agriculture faces today and shows how AI is helping tackle them
using real-world examples.
18.
Three key challenges farmers face
Amongst the many issues hurting farmers, three stand out due to their global presence
and financial impact:
2. Soil Quality and Irrigation: Soil degradation affects nearly 33% of the Earth's
soil, diminishing its ability to grow crops, leading to a loss of about $400 billion. Water
scarcity and inefficient irrigation further dent agricultural output. Agriculture uses 70%
of the world's accessible freshwater, but 60% of it is wasted due to
leaky irrigation systems.
Artificial Intelligence is often used as a catchall phrase. Here, it refers to the systematic
collection of data, pertinent use of analytics ranging from simple descriptive
summaries to deep learning algorithms, and advanced technologies such as computer
vision, the internet of things, and geospatial analytics. Let’s look at how AI helps
address each of the above challenges:
For example, Trapview has built a device that traps pests and identifies them. It uses
pheromones to attract pests, which are photographed by a camera in the device. By
leveraging Trapview’s database, AI identifies over 60 pest species, such as the codling
2. Soil health monitoring: Continuous monitoring and analysis of soil health are
essential to ensuring optimal growing conditions and sustainable farming practices.
Optimizing water use is crucial to ensuring crops receive precisely what they need,
reducing waste and enhancing productivity.
20.
Conclusion
challenges posed by AI, we can unlock its potential and ensure that it is
used in a way that benefits everyone. We Can Follow All The Upcoming
Trends Which Are Helpful For Us to Survive on The upcoming Future
References
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4. Reference : htpps://nxtxl.org
5. Reference : https://intellians.com