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The unprecedented COVID-19 pandemic wreaked havoc all over the world. Global economies enacted prolonged lockdowns, which caused so many industries to suffer as a result. Some say that this is the worst economic crisis since the 2008 economic downturn. The COVID-19 pandemic has affected millions of lives worldwide. Artificial intelligence (AI) has played a key role in fighting the pandemic and in lessening some of the problems associated with the restrictions put in place to curb the virus.
Benjamin Gordon Cambridge Capital on the use of AI During the Pandemic
According to Benjamin Gordon, the onset of the COVID-19 pandemic caused immense trouble in many sectors. Industries like aviation, travel, tourism, and hospitality were the worst hit of them all. Automobile and banking industries also suffered. Still, the crisis has led to the development of advanced artificial intelligence technology; technology was not yet completely mainstream. The COVID crisis created new opportunities for tech industries to automate production through the use of AI technology. AI has emerged as a revolutionary force across industries because of the immense innovations it brings to the table.
Adopting AI for Various Purposes
Many sectors have adopted AI for different reasons. Business owners are now heavily reliant on technology to help them overcome the economic crisis brought on by the pandemic. AI today plays a major role in lessening the negative effects of the pandemic on the healthcare industry. AI helps track how the virus spreads, also while aiding in the detection of new infections and symptoms while providing prognoses.
AI has helped fast-track research on the virus to ensure the creation of vaccines and drugs, so that they can be rolled out in a timely manner. The technology slows down the spread of the virus by helping with contact tracing. It also assists in, and monitors, recovery. AI helps ease the burden on the administration – governments all over the world are increasingly growing more reliant on technology to help combat the virus.
AI has helped automate a lot of processes by organizing and analyzing data, all while providing key insights. This technology has enabled doctors to enhance their ability to provide treatment remotely. Caregivers are now able to handle a greater number of patients as a result of advancements in AI.
AI Helps to Boost Business
AI revolutionized how different industries run. It helped many businesses stay afloat. A lot of industries have begun digitizing their products and services, so as to be able to survive further lockdowns. This then enables such industries to reach customers in new, innovative ways.
The education sector has used AI to enable online, virtual teaching. Multiple startups are now providing online education platforms to students. These platforms are streamlined according to the specific needs and requirements of different schools/students. The COVID-19 pandemic has transformed the education system, making it technology driven.
Thus, Benjamin Gordon Cambridge Capital believes that the COVID- 19 crisis helped advance AI technology for the betterment of the future of humankind.