As AI has become more and more essential to any ambitious modern-day business, its uses have adapted to a very wide range of industries and needs. AI's superior pattern-spotting and processing ability lends itself to Big Data and digital security. Fintech and customer service sectors have also utilised AI to detect fraud or determine creditworthiness, power chat bots and learn consumer behaviour.
Perhaps surprisingly, artificial intelligence has also started to make waves in Health and MedTech, diagnosing diseases and other problems undetectable by the human eye. Beauhurst's data supports this, as the value of fundraisings hosted by companies working in the life sciences and artificial intelligence crossover increasing by 310% between 2020 and 2021.
With AI already seamlessly integrated into so many sectors, the future holds not only endless possibilities but lucrative opportunities for entrepreneurs and investors.
With thanks to Beauhurst for providing data and analysis.
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