Within a few years, artificial intelligence has gone from a clunky, half-baked technology many wrote off as a fad to an industry standard for many businesses to leverage. Here are a few ways companies are using artificial intelligence in 2024 and moving towards the future.
Automation
Automation has always been about using technology to do what man can’t, and this has never been truer than the advent of artificial intelligence. AI doesn’t just perform tasks faster and more efficiently than humans; unlike the old machines, it learns as it goes. This form of machine learning makes AI a valuable asset for companies that are set to appreciate in the long term rather than depreciate.
Nasa was one of the first major companies to embrace AI automation and one of the most successful. Their accounting, IT, and HR departments are now optimized thanks to artificial intelligence, with 86% percent of transactions across these three departments taking place without human intervention.
Cognitive Insight
Data collection has always been one of the industry’s most critical and resource-hungry practices. Artificial intelligence can perform data collection faster and more effectively than any computation technology that came before it.
AI opens up new possibilities for business growth and innovation by analyzing data more deeply than some ever thought possible and finding new profitability and business optimization methods than human data analysts ever could.
In an era where marketing, advertising, and communication are moving farther and farther toward digitalization, artificial intelligence isn’t just a fancy perk but a necessity. This is the only technology, and certainly no human, that can perform the computation and data crunching required in modern industries. If businesses hope to survive in the modern economy in the future, they have to embrace AI, at least to some capacity. 
Cognitive Engagement
Cognitive Engagement refers to the use of AI in communication. As internet speeds get faster and broadband technologies like 5G become commonplace, we need systems that can allow us to communicate with each other quickly and consistently.
In modern society, people like to stay connected at all times, and such communication is vital for business. Various communication methods between firms, customers, and other industry partners leverage AI.
One typical example of such technology is AI chatbots. AI chatbots have revolutionized the customer service experience. They can solve customers’ problems faster than the average human. Still, they also learn over time, allowing them to develop new and better solutions and adapt to new issues that customers may face.
E-commerce
It may seem like a long way away, but cryptocurrency will permanently replace paper money one day. It isn’t just a baseless conspiracy anymore, and it’ll happen sooner than we all think.
The market is already preparing for the day it happens. Still, when it does, artificial intelligence will be a necessary means of calculating complex data processes across millions of virtual transactions worldwide at any given time. Banks and other finance-based businesses are already taking the first step toward this brave new world becoming our eventual reality.
Examples of Companies Using Artificial Intelligence Today
Many companies already leverage AI’s power in their products and end-to-end processes. 
- Of course, the most famous is Tesla, whose cars feature self-driving AI and are manufactured using AI-powered robotics.
- Speaking of robotics, Hanson Robotics uses AI to create its state-of-the-art ‘social learning’ robots. Hanson Robotics believes their robots could eventually replace on-screen actors and social media personalities.
- Pathai specializes in producing new technology solutions for pathologists using AI. Their products aim to help pathologists diagnose accurately and provide better treatment options.
- Pager is another player in the medical industry. They use machine learning to deduce every client’s best possible healthcare option. Their AI platform also makes medical appointments and carries out payments.
Conclusion
For years now, skeptics have parroted the fear that AI will cause an economic collapse due to mass redundancies and layoffs, but as markets worldwide have embraced innovation, this has proven far from the truth. Artificial intelligence is creating new jobs every day, jobs with more market value than those made obsolete. Thanks to AI, the future of the global economy is looking brighter than ever.
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