AI Sector Overviews Articles and Reports
Artificial intelligence “sector overview” reports are designed to help business leaders explore the possibilities and important AI trends across industries. Search our sector overview reports below:
The facilitation of research and development (R&D) is perhaps the most common use case for AI applications in the pharmaceutical industry. There are numerous solutions for extracting and organizing research data from clinical trial notes and other medical documents. Additionally, there is software that can purportedly analyze data from images of drug compounds at the molecular level.
Large volumes of data, managed properly, are a boon for many industries, including the military. It would not be possible to mount effective military operations without knowing the when, where, and what in deploying resources. Military big data, therefore, helps defense leaders make better decisions, provided it is not “dark data.”
Machine vision has numerous use cases within the healthcare industry, including clinical solutions such as medical imaging and medical diagnostics. There are also possibilities in white collar automation such as medical transcription, which was one of the main interview topics in our white collar automation interview with the Executive Chairman of CognitiveScale.
AI applications for the banking and finance industry include various software offerings for fraud detection and business intelligence. There are also predictive analytics applications outside of these that help banks automate financial processes and services that they offer their customers and provide internal analytics.
The Federal Bureau of Investigation has figured in many works of fiction as well as documentaries because what they do fascinates people. The representations have not always been favorable, but most people agree they have spearheaded many advances in science and technology in law enforcement.
Predictive and prescriptive analytics seem to be the most common types of AI applications at the top medical device companies. These companies, particularly Becton Dickinson, Medtronic, and Fresenius Medical Care, tend to partner with AI firms and vendors to create software that they intend to sell to hospitals most often.
According to McKinsey, global gas demand is expected to reach 4,503 billion cubic meters (bcm) in 2035, showing a more than 1% annual growth from 3,736 bcm in 2017. Asia is expected to be the biggest consumer of the resource at 47%, followed by the rest of the world (24%), the Middle East (16%), and the United States (14%).
In recent years, the demand for greater cybersecurity has risen even among the everyday citizen. This is especially true for one’s personal and financial information, which fraudsters are constantly finding new methods of breaching accounts to find. This need for security has also risen in insurance, and numerous AI firms are selling claims fraud detection solutions to the insurance sector.