One of the biggest events in the European calendar has just come and gone in the form of Liverpool’s huge AI summit, hosted by AI hosts and featuring the biggest and best projects from the city and beyond. With so much emphasis being put on AI locally, it’s a good time to look at just how much of an impact the technology is set to have on some of the biggest industries in Liverpool.
Programming
The tech business in Liverpool has been steadily jumping forward in recent years, with a wide range of software development companies based locally. Unsurprisingly, AI is set to have a massive impact on this industry, with its potential to automate simpler coding tasks using AI-generated code or sourced code that already exists in libraries. Liverpool could capitalise on these developments with its existing base of software development companies.
The importance of software development companies is greater than ever, particularly in industries like the online casino industry. For example, everything from payment integration, customer service platforms, and getting popular games like the Gem Heat slot online, involves coding. With the slots industry in particular continuing to increase in popularity, now could be the time for software development companies to begin experimenting with AI automation processes to ensure they’re keeping up with demand.
Sport
It goes without saying that Liverpool FC in the Premier League is by far and away one of the biggest businesses in the entire region. The club brings in a yearly revenue that is regularly in the hundreds of millions of pounds, and so anything that affects the team will naturally have a knock-on effect on the area. As it happens, AI is already affecting the team, and they’ve started putting it to use in several areas.
There are two main areas that AI is being used, with the first mainly impacting Liverpool on the pitch, as higher-ups have been testing the use of tactics powered by Google’s Deepmind software. The other is via an app that uses AI analysis to actively update fans on events during matches, as well as statistics and predictions. Either one can potentially have a significant business impact, given that revenue is primarily from league winnings and fan purchases.
Fintech
While we discussed development as a broader industry earlier, AI is set to impact the smaller industries within that in vastly different ways. For instance, Liverpool’s thriving financial technology companies are set to see massive changes come about in multiple areas, particularly in data analysis and cybersecurity, not to mention more universal tasks like customer service and billing.
For data analysis, local companies are already starting to utilise the immense analytical power behind AI to create market predictions that are far more rapid than any human can manage. On the security side, AI has proven to be able to identify threats and alert security staff at an incredible rate, making it something of a must-have for fintech companies.
These are just a small sample of the industries looking towards AI and of course, it isn’t just Liverpool affected. However, as the recent summit shows, the city has a great opportunity to utilise these developments to their advantage!
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