The impact of AI

Artificial Intelligence is a hot topic. The amount of computing power is increasing exponentially. Moore’s law talks about the amount of compute doubling every eighteen months. With AI, the amount used doubles every three and a half months. So, since 2012 we have seen an increase of 300.000. Businesses are looking ahead of what is coming; however, there are also concerns that AI might steal employees’ jobs. What is the future impact of AI in the health, energy, and transportation sector?

Tom Raftery, Global VP, Futurist, and Innovation Expert at SAP, acknowledges that AI leads to automation of routine job tasks as well as job creation: “The first mechanical loom, the spinning jenny, was invented in the 1750s. Workers were afraid to become redundant, but the opposite happened. The spinning jenny produced better quality and cheaper yarn than manual production. As a consequence, market demand grew. In 1760, the number of spinners and weavers in the United Kingdom increased to 7900, and in 1790 it rose to 320.000. In short, just as the spinning jenny, AI is creating jobs.”

AI impact in healthcare

Ten years ago, most of us would not have imagined that we would carry around a device that tracks what we do and where we go. Tom: “People are more and more willing to give up some data privacy to monitor their health. Soon, you probably will have a private health cloud based on data collected via our smartwatches such as heart rate and blood pressure. The good thing is that you will decide who gets permission to access your data, e.g., a trustworthy healthcare practitioner. Based on predictive analysis, your doctor receives an alert if the values of your heart rate or blood pressure go below or above a particular data point. If so, the doctor contacts you to discuss your health and to make an appointment to run tests.”

“Just as the spinning jenny in the 1750s, artificial intelligence is creating jobs.” – Tom Raftery

AI impact in Energy and Transportation

The energy- and the transportation sector are changing enormously. “It is a landmark moment in energy that it is now more efficient and effective to build a new wind farm or solar plant than it is to power an existing gas plant”, says Tom. Besides, with the shift to connected energy, it is possible to check via a smartphone app, including real-time analytics, the 5-kilowatt solar array on your roof. We are getting far more smart energy management.

In transportation, you have the four CASE megatrends: Connected, Autonomous, Shared and Electric. Carl Benz got the patent for the first combusting engine vehicle in 1866. Due to the evolvement of technology, Daimler, owning Benz, decided to stop all their research in internal combustion engines, and has shift to research and development of electric vehicles. In the meantime, the automotive sector is using AI, e.g., to develop long-lasting electric vehicle (EV) batteries that charge faster.

Are you interested in content about the impact of AI on your business and customers? Contact Desiree

Share this post

Share on twitter
Share on linkedin
Share on email