Despite the massive hype around artificial intelligence (AI), one may still believe that it has yet to impact our everyday lives. But the reality is that from scrolling on your smartphone to watching a Netflix-recommended show or movie, AI has sneaked into everyone’s lives. Reports suggest that the AI market will grow by approximately 54 percent annually. But how is the technology beneficial? This article explores the advantages of AI in regular life.

1. Automation
Automation is one of the top benefits associated with AI technology. In this industry, AI aids with consumer products, transportation, service, and communications. Automation results in higher production rates and boosts productivity in the listed domains. It also ensures an efficient use of raw materials, reduced lead times, better product quality, and superior safety. Moreover, automation enables the better use of resources and frees some resources for various endeavors.

2. Smarter decision making
The primary objective of AI technology was to improve decision-making for businesses. The technology can help analyze trends, coordinate data delivery, quantify uncertainties, provide forecasts, and develop data consistency. All of this aids in better decision-making for the company.
Moreover, helps one makes unbiased decisions. Humans act on emotions and may not always be objective. On the contrary, AI has no emotions, unless it is not programmed to mimic human emotions. Hence, it is likely to provide rational and practical decisions.

3. Reduces human error
AI helps power autonomous systems, like robots, drones, and vehicles, and enables them to function better in dangerous environments, work without human interference, and contribute to manufacturing, logistics, and transportation industries. AI also plays a crucial role in healthcare, as it can help discover potential treatments, predict outbreaks, and diagnose diseases. AI technology also aids in making diagnostic procedures more accurate and improves medical image analysis.

Moreover, the technology also accelerates the pace of scientific discoveries by simulating experiments, analyzing complex data, and identifying patterns that the human brain may find challenging.

4. Minimizing costs
AI can also help lower the operational costs. It also reduces the overall expenditure by automating the tasks that usually demand extensive human labor. AI is crucial in industries that require routine tasks for core functioning, such as e-commerce and finance. Hence, it frees up human resources, and they can focus on the more strategic roles.

5 . Available 24/7
Typically, a human can work only 4-6 hours (per day), excluding all the breaks. They have to pause to refresh and recharge, or else they cannot be up and ready to take on the next day. Moreover, humans also need weekly off days to maintain their personal and professional life balance, but such is not the case with AI technology. With AI, machines can function round the clock without any breaks.

6. Provides digital assistants
Most organizations today have digital assistants to cater to customer interactions. This straightforward AI application can dramatically lower the need to hire an extensive customer support team. Almost every online platform has a chatbot, which is incredibly beneficial in directing customers to the information they seek. Beyond chatbots, even voice bots help customers with their queries.