Potential Impacts of AI
by Industry
The impacts of AI will be far-reaching and regardless of what industry you currently operate in, it is unlikely that the use of AI will not become commonplace over the coming years. While this may cause concern and anxiety for some, it is better to look at AI like a new tool that is now at your disposal than an actual threat to your ability to contribute within society. To sum it up, we love to point to the following quote:
​
"AI will not replace your job, but a person using AI likely will"
​
To help you get ahead of the curve we have broken down the industries that are most likely to be impacted by these new tools from which you can read more about how AI may be used in practice and some of the existing tools already on the market.
AI has the potential to transform marketing teams and creatives by providing valuable insights, automating tasks, streamlining processes, and improving the quality and effectiveness of their work.
AI will revolutionize social media marketing by allowing users to automate posts, improve audience targeting, creating personalized content, and creating useful analytics to test engagement.
The impacts of AI on video creation and editing will be far-reaching and will increase efficiencies around scene detection, video stabilization, and color grading and automating many tasks that will result in a higher overall production value.
Artists and designers will leverage AI to enhance the creative process and are already using a host of new tools for creation, inspiration, and automation. With streamlined workflows they will also be improve overall efficiency and increase output.
The real estate industry will be changed dramatically by AI through improved lead generation, workflow management, property searches through automation, predictive analytics, and virtual/augmented reality tools.
The legal industry will be impacted dramatically through the use of AI by improving data analysis, document review, contract analysis, legal research through automation, machine learning, and natural language processing technology.
AI will transform retail and e-commerce by providing personalized customer experiences, improving supply chain management, enhancing product recommendations, and streamlining inventory management through automation, data analysis, and machine learning technology.
AI is already having huge impacts on education and tutoring by providing personalized learning experiences, improving student engagement and performance, and enhancing teacher training through automation, adaptive learning, and natural language processing technology.
The beauty and wellness industry will see substantial new developments through AI allowing for more personalized recommendations, computer vision technology, audience targeting, and enhancing the customer experience through automation and machine learning.
AI will likely transform the landscape for companies that offer nutrition and supplements by providing personalized recommendations to consumers, improving product development, and enhancing customer engagement through automation, data analysis, and machine learning.
Fitness and yoga brands are already using AI to provide more personalized recommendations for diets and exercise, improving training programs, and enhancing the customer experience through data analysis custom-tailored to body types and goals.
AI will dramatically increase efficiencies for accounting firms and CPAs by improving audit accuracy, automating tasks such as bookkeeping and data entry, and enhancing decision-making through data analysis and machine learning technology.
