Artificial Intelligence – Consumers and Industry Impact

Abstract

Broadly, artificial intelligence (AI) mainly entails technology constellations such as machine learning, natural language processing, perception, and reasoning since it is difficult to define [1]. Even though the field’s application and principles have undergone investigation for more than sixty-five years, modern improvements, attendant society excitement, and uses ensured its return to focus. The influence of the previous artificial intelligence systems is evident, introducing both opportunities and challenges, which enables the integration of future AI advances into the economic and social environments. It is apparent that most people today view AI as a robotics concept but it essentially incorporates broader technology ranges that are used widely [2]. From search engines to speech recognition, to learning/gaming structures and object detection, AI application has the potential to intensify in the human daily lives. The application is already experiencing use in the world of business as companies seek to study the needs of the consumers, as well as, other fields including healthcare and crime investigation. In this paper, I will discuss the perceptions of consumers regarding artificial intelligence and outline its impact in retail, healthcare,