Agentic AI - Next Big Thing in AI - What is Agentic AI?
Agentic AI is the next big thing in the field of AI and ML, which is now going to be used in the industries and in other fields that will shape the way AI applications are used. In this section we will see why Agentic AI is so important and it is getting more traction in the AI/ML world. These days companies are planning to move towards this new technology to use the latest development in the technology industry.
What is Agentic AI and why its a Big Thing?
Agentic AI is an extension of the existing Gen AI and other AI/ML technologies that uses the existing (or improved) artificial intelligence system for performing various activities autonomously. Agentic AI is so powerful that it can make decisions on its own and take appropriate actions to achieve specific goals by acting as an agent. In the Agentic AI agents work with a degree of independence which is a big deal and it can be used for complex problem-solving. Agents in the Agentic AI world can adapt in real-time with minimal human intervention. This feature makes Agentic AI next generation tools for the business owners and the users around the world.
Agentic AI Key points
As a beginner in this field you should understand the key points about Agentic AI.
Independent Action
Agentic AI is much different from Generative AI. Agentic AI can analyze the situations, develop its own strategy and execute the task to achieve a goal. All is done without constant human intervention and it is capable of making its own decisions. This capability makes Agentic AI agents much powerful and useful in various business scenarios.
Multi-step problem solving
Agentic AI system is designed in such a way that it can constantly evolve by utilizing the new information. Agentic AI systems are well capable of tackling complex problems that require constant adoption and a series of steps to achieve a goal.
Using LLMs Effectively
Agentic AI systems are often developed by using large language models (LLMs), which is very important as it gives the ability to understand the natural language. This way Agentic AI can make more nuanced decisions.
Why is Agentic AI a "Big Thing"?
Wide-ranging usefulness
Agentic AI comes with a lot of potential which will revolutionize various sectors including customer service, education, healthcare, supply chain management, social media marketing, finance and banking. This usefulness of Agentic AI is a topic of research and researchers around the world are already working on various researches.
Increased Productivity
Businesses can use the Agentic AI Agents proactively to take actions and adapt to the fast changing circumstances. Agentic AI will help them in streamlining the business operations very effectively and achieve better business results.
Seamless user engagement
Agentic AI is powered with the LLMs that can provide more personalized and very responsive interaction with the user. Agentic AI will be the next technology choice for the companies developing applications that interact with the customers.
Examples of Agentic AI applications
Let’s discuss the examples of applications where Agentic AI is being used or there is a potential of using this technology.
Here are the diverse use cases of agentic AI:
Autonomous Vehicles:
- Self-Driving Cars: There is a great potential of using Agentic AI in the development of Self-Driving Cars. There are many companies like Waymo and Tesla that utilize agentic in their Self-Driving car. The Agentic AI can be used for navigating roads, interpreting traffic conditions, and making real-time driving decisions.
- Drones: Drones are being used today in various industries. successfully. Not the Agentic AI technologies will be employed in agriculture, logistics and other sectors.
Healthcare:
- Diagnostic Systems: AI agents assist are powerful and already trained with the huge data set, which will help in analyzing medical images and data to identify diseases. This way it will help the doctors in enhancing early detection and treatment plans.
- Personalized Medicine: Agentic AI can use the vast amount of previously stored data and individual patients data for predictive analytics and suggesting personalized medicines.
Finance:
- Algorithmic Trading: These days a lot of people and companies are investing in the trade market. There is good potential of using AI agents for executing the trades based on market data analysis and other factors.
- Fraud Detection: Financial Fraud is another area in the Finance and Banking industry where Agentic AI can be used for monitoring transactions to identify and prevent fraudulent activities.
Customer Service:
- Chatbots: In the field of Customer Service Virtual assistants like ChatGPT can be used to handle customer inquiries, providing instant support and information.
- Virtual Assistants: There are already tools like Siri and Alexa which use the Gen AI technology to perform tasks and answer questions based on user commands. Further it can be enhanced using the Agentic AI technologies.
Retail and E-Commerce:
- Recommendation Systems: AI agents can use to develop recommendation systems which will suggest products to customers based on browsing history and preferences. This way companies will be able to increase their sales and revenue by achieving more sales.
- Inventory Management: In most of the industry Inventory Management is one of the big tasks, which can be handled now with the help of Agentic AI. The use of Agentic AI will help in optimizing stock levels and supply chain operations through several AI/ML technologies including predictive analytics.
Manufacturing:
- Robotics: AI-driven robots can be used powered with Agentic AI technology to achieve more efficiency and precision.
- Predictive Maintenance: The monitoring equipment is another area where Agentic AI can be used to predict failures and schedule timely maintenance.
Education:
- Personalized Learning: In the field of education it can be used to develop personalized learning plans and contents. This will help in enhancing learning outcomes for the students.
- Tutoring Systems: Agentic AI agents can be used for providing real-time assistance and feedback to learners in real-time. Such a task if done manually takes a lot of time.
Entertainment:
- Entertainment Industry: Agentic AI can be well used in the entertainment industry.
Home Automation:
- Smart Home Equipments: The Agentic AI agents can be used to learn the user preferences and set the home equipment for enhancing home security.
Environmental Monitoring:
- Climate Modeling and Disaster Response: AI Agents can be used for the analysis of huge amounts of environmental data to predict climate changes, which will further plan and execute the conservation work. This will also help in assessing the disaster zones, aiding in efficient response and recovery.
Cyber security defense:
- AI Agents can be used for monitoring the network traffic, analyzing the data and autonomously responding to the potential cyber threats in real-time.