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Artificial intelligence will change many branches of the economy. The first ones will be insurance, medicine and transport, according to analysts of the HSBC Swiss bank

Artificial intelligence will change many branches of the economy. The first ones will be insurance, medicine and transport, according to analysts of the HSBC Swiss bank

The AI ​​market is actively developing in the direction of cybercrime preventing, identifying of objects on surveillance cameras, image recognition, creating of trading robots, analyzing patient data and other areas, as HiTech is reporting with reference to Business Insider.

This development is likely to be associated with greater opportunities for generating of investment returns. The trick is to find out which corporations can win the most from the AI ​​race.

As Forinshurer reported, insurers apply artificial intelligence to prevent accidents and reduce payments. This led to increase in investment in the AI ​​sector by 8 times.

Technologies allowing insurance companies to save money, led to a jump in investment in the European insurance market up to $ 400 million in the first half of 2017. A year ago, the volume of investment was only $ 50 million.

The biggest burst of investments in insurance companies occurred in the UK, despite the fact that the country is leaving the EU: for 6 months of 2017 the amount of funds attracted to the industry reached $ 279 million. At the same time, as the analysis of Accenture showed, only a year ago investments in insurance companies amounted up to only $ 9 million. In the countries of mainland Europe, investments increased from $ 37 million up to $ 134 million.

Technologies based on artificial intelligence better prevent accidents. There are systems that warn ships of pirates, as well as applications that remind drivers of the need to buy coffee on night tours.

"Companies, which introduce AI into their business at an early stage can benefit from the advantages of the "first supplier", increased productivity, lower costs, and potentially greater market share," said HSBC Chief Analyst, Ben Leidler.

Analysts identified three categories:

Sensors - lately there have appeared very "smart" sensors, including those that allow processing the natural language of a person.

Semiconductors - high-performance chips will be needed to analyze a large array of data.

Infrastructure and communications - data centers will expand, and new 5G networks will allow large data transfer with high speed.

Revenues of companies in the field of artificial intelligence

According to the expert, many companies have great potential for growth of their shares. However, HSBC offers to look more broadly: at securities of corporations that provide AI with hardware and infrastructure.

Source: https://forinsurer.com/news/18/02/07/35782

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