Artificial intelligence isn’t an industry so much as a technology poised to transform business across a wide variety of sectors–and probably more than you think.
During a panel discussion Tuesday at the Las Vegas tech trade show CES, a group of A.I. experts talked about which industries are the most ripe for adoption and application of A.I., and why entrepreneurs and consumers alike stand to benefit significantly from the technology.
The number one industry set be transformed by A.I. appears to be healthcare, with $400 million invested by health care companies in the technology as of last year, a figure that’s projected to grow to $3 billion or more by 2020, according to data from the Beacon Center for the Study of Evolution in Action. The retail industry is close behind, with $100 million invested as of 2015, expected to reach $1.9 billion by 2020. Panelists pointed to manufacturing, financial services and government as the three followers to healthcare and retail.