Predictions for 2019: Wide Applications and Benefits Provided by AI, Blockchain

Predictions for 2019: Wide Applications and Benefits Provided by AI, Blockchain

The 21st century is going to be a technological era where rapid developments are going to take place in each and every field. Technology has made our life so easy such that it is impossible to think of our life without it. Our routine day-to-day life is made easy and the tasks are completed very quickly.

The digital transformation that has come in this world is making the life of the people more and more advanced. The technologies like Artificial Intelligence, Blockchain, Machine Learning, ​Deep Learning​, AR, VR, and Cloud Computing are having a great impact on our daily life.

Artificial Intelligence will have a great impact on the various sectors such as the medical, healthcare, pharmaceutical, robotics, hotel and much more. Machine Learning is one of the branches of AI which aims at making predictions based on the past data. The machine is trained with the data and based on the various algorithms and models, it makes predictions for the future.

Let’s say there is a bank which wants to predict whether a customer will be able to pay the loan or not, then based on the past data, the machine can be trained and made ready to predict for the future. The weather ​predictions for 2019 ​can be made based on the past data also. For example, based on the previous records of the monsoon season, we can predict what will be the rainy condition for the current year.

From the purchasing patterns of the customers, the business owners can come to know about the likes and dislikes of them and also predict how will be the sales based on the past data.

The blockchain is another very good technology that will be very much in demand for securing the virtual currency transactions. The predictions for 2019 ​convey that this technology will be used by many companies and banks for securing the online transactions done in the form of virtual currencies like Bitcoins.

The experts say that the use of this technology is not limited to the cryptocurrencies but there is much more potential out there and the companies will come to seek out the tremendous applications of this domain.

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