AI is the Driving Force Behind a New World Order

Artificial intelligence (AI) is no longer limited to science fiction movies or books, but has become a powerful technology.

22:49 06 August 2024

Artificial intelligence (AI) is no longer limited to science fiction movies or books, but has become a powerful technology that is rapidly transforming industries worldwide.

AI has been a game-changer since its inception, and its impact is now being felt across a vast array of industries worldwide.

A wave of companies, universities and technology start-ups across the globe are adopting AI innovations to develop groundbreaking systems, products and services.

Read on as we assess how different industries and global tech hubs are harnessing AI's potential to drive this innovative global change.

iGaming

The iGaming industry has used AI to deliver improved game development, user experiences and regulatory compliance across companies worldwide.

All of the leading online slots developers leverage AI technology to improve the quality of the games which feature on iGaming platforms worldwide.

AI studies player behaviour and preferences, and the results help developers design immersive games which resonate with diverse demographics.

The technology has also been utilised to improve customer support functions, promote responsible gambling and detect fraudulent activities.

AI monitors gameplay data to detect unusual betting patterns and tackle financial manipulation to ensure a more secure gambling environment.

As technology companies delve deeper into the power of AI, it will become even more prevalent across the global iGaming industry.

Healthcare

AI has also impacted the global healthcare sector, becoming a powerful tool to transform patient care and streamline operations.

The technology’s ability to sift through vast amounts of biomedical data has helped experts uncover promising drugs that may have otherwise been missed.

AI also opens the door to the development personalised medicine by analysing a patient's files to determine the best course of treatment.

Some companies are training AI to analyse retinal scans to detect eye diseases, which could go a long way in saving patients from losing their vision.

AI-powered virtual assistants could also become a recurring theme in the healthcare sector. Chatbots are already being handed the freedom to handle patient enquiries and schedule appointments.

Streamlining administrative tasks will soon be the sole job of AI and will free up valuable time to improve the overall efficiency of the healthcare system.

Financial Services

AI has become an indispensable tool that has been adopted by numerous financial services businesses to improve efficiency, accuracy, security and customer experience.

Personalised banking is one of the primary ways AI impacts the sector. The technology tracks a user's financial behaviour and uses the results to tailor its recommendations.

AI hands individuals more control over their finances and helps them make smarter decisions, which has been a major breakthrough for personalised banking.

The tech has also been crucial in the battle against cybercrime. Many finance businesses have utilised AI as a powerful weapon, which has helped them uncover fraudulent activities.

AI identifies unusual patterns in real time, effectively making it a failsafe system that is capable of neutralising cybercrime before it wreaks havoc.

The technology’s integration into the financial services sector is a positive development that is crucial in the ongoing battle against cyber threats.