Summary: Three emerging trends showing how AI will play a major role in a post-COVID world and shape the business landscape moving forward.
Original author and publication date: Inside BIGDATA – November 16, 2020
Futurizonte Editor’s Note: There is no “going back” to an “old normal”. Neither the pandemic nor AI will allow it.
From the article:
In this special guest feature, Betsy Hilliard, Principal Scientist at Valkyrie, offers three emerging trends showing how AI will play a major role in a post-COVID world and shape the business landscape moving forward. Valkyrie is a science-driven consulting firm that aims to solve organizational and global challenges through AI and machine learning. Betsy’s professional expertise spans across several domains including financial services, online ad auction markets, government policy analysis and optimization. Previously, she worked as a Data Scientist at USAA Bank and RIIPL (a Rhode Island policy research lab), and interned at Google, Yahoo! and Oak Ridge National Laboratory. Betsy has a Master’s in Computer Science from Brown University where she was a research assistant and published work on multi-agent learning in economic markets and Reinforcement Learning for human-agent collaboration. She studied Computer Science and Economics at Brandies University.
Over the past several years, artificial intelligence (AI) has frequently been cited as an emerging technology that improves efficiency across a multitude of industries. Crucially, AI relies on large amounts of historical data from the systems it was built to improve. So, what happens when those industries and everyday life are dramatically transformed in a matter of weeks and suddenly nobody behaves the same way they used to?
COVID-19 has undeniably altered billions of lives across the globe. While many are longing for a “return to normal,” many aspects of society will never quite return to the way things were and the shock has permanently altered the economic landscape.
Communities, schools, businesses and global infrastructures will still have to adapt to a post-COVID world once a vaccine is widely available and administered.
What does this mean for the future of AI in industry?
Below are three emerging trends showing how AI will play a major role in a post-COVID world and shape the business landscape moving forward.
A need for planning under uncertainty
Growth of AI and data science in old-guard industries
Democratization of AI and machine learning