AI in Various Professions
AI in Various Professions
MAYANK VERMA
Agenda
• Introduction to AI
• AI in Various Professions
• Benefits of AI Integration
• AI Tools and Technologies
• Case Studies
• Challenges and Considerations
• Future of AI in the Workplace
• Q&A
Artificial Intelligence refers to the development of computer systems that can
perform tasks that typically require human intelligence
The concept of AI dates back to ancient civilizations, but the term "Artificial
Intelligence" was coined in 1955 by John McCarthy. Major milestones in AI
history include the development of the first AI programs in the 1950s, the
introduction of expert systems in the 1970s, and the emergence of machine
learning and deep learning in the 21st century.
Introduction
to AI AI has had a profound impact on the job market, both creating new
opportunities and transforming existing roles. It has the potential to automate
repetitive tasks, augment human decision-making, and open up entirely new
career paths. Some jobs may be displaced, but many more will be enhanced
by AI.
Machine Learning Natural Language Computer Vision Robotics Virtual Assistants Data Analytics Cloud Computing
Processing
Case Studies
• Let's explore some real-world examples of AI
implementation across various professions
IBM WATSON
1. Healthcare FOR ONCOLOGY
Case: IBM Watson
for Oncology
• IBM Watson for Oncology is an AI system that assists healthcare
professionals in making cancer treatment decisions
• It analyzes vast datasets of medical literature, clinical trial data, and
patient records to provide treatment recommendations
Impact:
• Enhanced Cancer Treatment Recommendations: IBM Watson for
Oncology provides oncologists with up-to-date and personalized treatment
options based on a patient's specific case, improving the precision of care
• Improved Patient Outcomes: By leveraging AI for treatment decisions,
patients experience better outcomes, higher survival rates, and reduced
side effects from unnecessary treatments
JPMORGAN'S
2. Finance COIN
JPMorgan's COIN is an AI-powered platform designed to
automate and streamline contract analysis and extraction
COIN
Reduced Workload for Lawyers: By automating repetitive
tasks, COIN allows legal professionals to focus on more
complex and strategic aspects of their work
Impact:
• Efficient Grading of Assignments: AI grading systems can rapidly evaluate
and score assignments, reducing the time educators spend on grading
• Teacher Focus on Teaching: By automating the grading process, educators
have more time to focus on instruction, engagement, and providing valuable
feedback to students
5.
Manufacturing
Foxconn's Robotics Integration
Case: Foxconn's
Robotics Integration
• Foxconn, a global electronics manufacturer, has integrated AI-driven
robotics into its production processes
• These robots handle intricate tasks, such as assembly and quality control,
with unmatched precision and speed
IMPACT:
• Improved Precision: AI-driven robots ensure precise and consistent
manufacturing, minimizing errors and rework
• Increased Speed: The integration of robotics accelerates the production
process, reducing time-to-market and increasing efficiency
6. Customer
Service
Zendesk's AI-powered Chatbots
Case: Zendesk's AI-
powered Chatbots
• Zendesk employs AI-powered chatbots to assist with customer inquiries and
support requests
• These chatbots use natural language processing to understand and respond to
customer queries promptly
IMPACT:
• Faster Customer Query Resolution: AI-powered chatbots provide instant
responses, reducing wait times and enhancing customer satisfaction
• Reduced Support Costs: By automating routine tasks and inquiries,
companies can lower the cost of customer support operations.
7. Legal
ROSS Intelligence
ROSS Intelligence is an AI-powered platform designed
to assist legal professionals in legal research and
contract analysis
Organizational
Investment AI implementation often requires
substantial investments, and
organizations must carefully evaluate
these costs in relation to the anticipated
benefits
Initial Investment
• Implementing AI can involve significant upfront costs,
including technology acquisition, development, and
infrastructure
Operating
Expenses
• AI maintenance, training, and operational costs can be
ongoing, impacting the organization's budget over time
ROI Assessment
• Organizations must conduct a thorough return on
investment assessment to justify AI expenditure by
weighing the expected benefits against the costs
Future of AI in the
Workplace
• Innovations in AI are shaping the workplace of the future,
offering new opportunities and challenges
• AI is advancing rapidly, and several key trends are
shaping the future of business operations
Explainable AI
• Explainable AI is gaining prominence, offering
transparency in AI decision-making by providing
understandable explanations for AI-generated results
AI Ethics
• The ethical implications of AI are receiving increased
attention, with businesses and institutions emphasizing
responsible AI development and usage
AI-Powered
Innovation
• AI is driving innovation across industries, from healthcare
and finance to manufacturing, by automating tasks,
enhancing decision-making, and fostering creativity
AI's Role in Job
Creation
• AI's impact on the job market is two-fold, with both job
displacement and the creation of new opportunities
Job Displacement
• AI can automate routine and repetitive tasks, potentially
leading to the displacement of certain roles, but often
these are manual and routine jobs
New Opportunities
• AI creates new career paths, such as AI trainers who
teach AI systems, AI ethicists who ensure responsible AI
usage, and AI system integrators who manage AI
technologies
Redefining Job
Landscapes
• AI is redefining the job landscape, with an increased
focus on roles that require creativity, problem-solving, and
managing AI systems
Preparing for an
AI-Driven Future
• As AI becomes increasingly central to the workplace,
proactive preparation is essential for both organizations
and individuals
Investing in
Education
• Organizations should invest in AI education and training
programs to equip their workforce with the necessary
skills and knowledge
Upskilling
• Individuals should engage in upskilling initiatives to
remain competitive in the job market and enhance their
ability to work alongside AI systems
Embracing
Continuous Learning
Quick Emailing, Quick PPT creation like this (AI generated content), Business
& Marketing Plan creation & Brainstorming, Data Analysis, Quick reports from
data, Quick Image Generation, Instant Marketing/ Introductory Video making,
etc.
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THANK YOU!
We appreciate your valuable time and engagement in our
seminar on "Using AI in Various Professions."