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:
We've noticed a lot of interest from our readers for our pieces dealing with AI applications in the finance and banking sectors. New applications for artificial intelligence often seem to develop by transferring an existing use-case in a related field, and this might be the case with AI applications for ATMs as well.
Last year, Boston Consulting Group reported that banks were tracking three times as many individual global regulatory changes as compared to 2011. The report added that these institutions were averaging 200 regulatory revisions per day in 2017.
Asset and wealth management firms are exploring potential AI solutions for improving their investment decisions, and making use of their troves of historical data. Asset management for digital assets (like an investment portfolio) or distributed industrial assets (like factory machinery or a fleet of transportation trucks) are applications where voluminous data about the assets (like the historical performance of a particular fund or the historical maintenance data for a fleet of trucks) is already being recorded - making them ripe for automation through AI.
Garment and textile manufacturing have historically been labor-intensive industries, as seen in how many of world’s largest fashion, clothing and apparel brands seem to have a significant portion of their products manufactured in Asian countries such as China, India, Bangladesh, Vietnam, etc.
Supply chain management (SCM) is critical in almost every industry today - but it hasn't received as much focus from AI startups and vendor companies compared to healthcare, finance, and retail. Businesses are showing increased interest in AI applications, from its benefits to fully leveraging the vast amounts of data collected by industrial logistics, warehousing and transportation systems.
In early 2017, Amazon unveiled a new application of AI outside its online domain: Amazon Go, an artificial intelligence (AI)-powered grocery where there are no cashiers and checkout lines. Shoppers activate the store’s smartphone app upon entering the store, grab the items they need, and leave through the same “gates” they enter without pausing to pull out a credit card or cash. Their Amazon account is automatically charged for what they take.