How will artificial intelligence change future industries?

The Future Investment Initiative (FII) is dedicating special sessions for investing in AI and presenting the available options. (Screen grab)

Technologies of Artificial Intelligence (AI) will change the features of the industrial sector in the future, especially with the development of complimenting fields such as cloud computing, big data, and the internet of things.

Future industries will be forced to transform into digital companies to keep up with competition when applying AI to businesses becomes cheaper, which will raise the quality and efficiency of production.

The Future Investment Initiative (FII) is dedicating special sessions for investing in AI and presenting the available options.

The Industrial sector has come a long way since the beginnings of the 21st century, when industries had lines of workers to complete a certain mission repeated throughout the day, and even after introducing robotics into the industries.

While new technologies are still expensive in some markets compared to laborers, research says that the more AI is developed and integrated into different fields, the cheaper it will become.

A study by Boston Consulting Group showed that using AI could reduce the expenses of producers by 20 to 70 percent.

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Last Update: Wednesday, 20 May 2020 KSA 09:54 - GMT 06:54
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