Welcome back friends and new AI enthusiasts to ChildsPlayAI, a weekly newsletter where we break down what’s happening in AI, in language you can understand.
Black Friday is only 14 days away and AI is helping both consumers make choices as well as retailers to lure them in. Also, we’ll take a moment to highlight some of the great stuff AI is doing for our loved ones.
Let’s dig in.
Tis the season…. to spend 💰️
Delloit is expecting 2023 holiday sales to increase over 2022 by roughly 4% to a total of over $1.5 TRILLION 👀 . With this kind of moola, you can rest assured that companies will be looking to optimize any way they can to get their piece of that pumpkin pie.
Enter AI and all of its superpowers for crunching data and making us all more efficient. While we are still in the very early stages of development, AI is already being used in a variety of ways to make the holiday season easier for consumers, and more profitable for retailers.
Here are a few examples:
Retail: AI is being used by retailers to predict demand for holiday products, optimize inventory levels, and personalize marketing campaigns. This helps retailers to ensure that they have the right products in stock at the right time and that they are reaching their customers with the most relevant offers. Amazon is notorious for this and obviously doing quite well at it.
Customer service: AI-powered chatbots are being used by retailers to help customers with their holiday shopping. Chatbots can answer questions about products, help customers find the best deals and even process orders. Walmart is deploying this technology in several ways to free up human representatives to handle more complex issues.
Logistics: AI is being used by shipping companies to optimize delivery routes and predict shipping times. This helps to ensure that holiday packages are delivered on time, even during the peak season. Does this mean we can’t blame them for when our mom’s present arrives in January anymore? 😬
Entertainment: AI is being used to create new and innovative holiday entertainment experiences. Be on the lookout for more interactive games during your mobile shopping experiences. Also, Netflix knows all too well you can’t pass up those Christmas rom-coms when they present them to you at juuuust the right time.
AI deserves some gratitude 🙏
The intense doomsday scenarios of AI taking over the world are the most common news feed and party conversation topics, but as we’ve reviewed many times, AI is making amazing headway in the healthcare industry as well.
Today, we want to highlight some of the new and ever-changing advancements in the role of AI and robotics in healthcare that are helping to keep us and our loved ones safe and healthy
Below are only a few examples for us to be grateful for:
Diagnostics: AI-powered algorithms can be used to analyze medical images, such as X-rays and MRI scans, to identify signs of disease that may be difficult for human doctors to see. For example, IBM’s Watson for Health is helping doctors review mammograms 30 times faster with 99% accuracy.
Drug discovery: Currently it takes an average of 12 years for a drug to travel from the research lab to the patient. Now, AI is being used to greatly accelerate the drug discovery process. For example, AI-powered algorithms can be used to screen millions of potential drug compounds to identify those that are most likely to be effective against a particular disease.
Robotic surgery: Robots are being used to perform complex surgeries with greater precision and accuracy than human surgeons can achieve. For example, robotic surgery systems can be used to perform minimally invasive surgery, which can reduce pain and recovery time for patients.
Robotic rehabilitation: Robots are being used to help patients with physical disabilities regain their mobility and function. For example, robotic exoskeletons can be used to help patients with paralysis walk again.
By making healthcare more efficient, accurate, and personalized, AI and robotics can help people live longer and healthier lives. and for that, we are forever grateful. 😍
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