Six Areas Where AI Can Benefit Us As We Age

AI Robot

Dramatic growth in the population of older adults, fueled by the Baby Boom and longer lifespans, is intensifying the focus on the quality of our later years.
The older adult market represents an enormous and often underappreciated business opportunity. The longevity economy—the sum of economic activity driven by the needs of Americans who are 50 and over—is $7.6 trillion annually.

Artificial Intelligence (AI) solutions are likely to make up a growing share of the longevity economy. It is important to understand not only the health and lifestyle benefits of AI but its limits and potential drawbacks as well, such as effects on employment and privacy. AI offers us a tremendous opportunity to improve our lives, but we need to learn how to properly manage it and harness its benefits.

While advances in AI will have a profound effect across the lifespan, many applications will be especially helpful in enabling older adults to live more fulfilling lives.

Here are six areas in which AI can help improve our lives as we age:

1.Healthcare – On the healthcare front, telehealth has many benefits for people of all ages, including the opportunity to access care without having to travel to a health care facility and the ability to better monitor chronic conditions. Companies like AiCure and Sensely are providing AI-based telehealth solutions, with AiCure offering app-based verification of adherence to prescriptions and Sensely delivering a virtual nurse for vital sign monitoring.

2. Caregiving –AI can help close the alarming gap between the number of people needing care and the family and paid caregivers who will be available to care for them. Care Angel is an AI-driven caregiving assistant that can call an older adult every day and inquire about the person’s health and medication adherence. Touchkin’s AI platform enables seniors and their caregivers to receive proactive, personalized health support via its StayClose app.

3. Social Isolation – Social isolation is an issue for many seniors and can have a very harmful impact on health, often leading to loneliness and depression. Yumii and Jibo are two examples of AI robots helping people combat isolation with their interactive capabilities. Yumii is a companion robot that offers a variety of activities and services via an interactive screen. Jibo is a companion robot that can snap a photo or send a message with the aim of getting to know you and your social network, in order to deliver personalized information and interaction.

4. Livable Communities – A livable community is one that is safe and secure, has affordable and appropriate housing and transportation options, and offers supportive community features and services. Those resources enhance personal independence; allow residents to age in place; and foster residents’ engagement in the community’s civic, economic, and social life. AI can help us create livable communities by building safer roads and crosswalks, autonomous vehicles and other technological improvements to facilitate greater mobility in our communities. For example Denver is developing and deploying technology, using video and lasers, to control the length of time lights flash at crosswalks based on the pace that the pedestrian moves.

5. Independent Living – The overwhelming majority of adults want to remain in their homes as they age, by using products, services and conveniences that accommodate changing life circumstances. Smart Homes are helping make this easier. At the recent CES in Las Vegas, we saw many smart home applications that will benefit people of all ages. For entertainment and smart home options, two of the many current offerings are: SevenHugs’ Smart Remote, which allows you to control everything in your home with a single, adaptive remote, and SmartBeings’ WooHoo, an AI-based interactive smart home hub with a live video assistant and the ability to control lights, temperature, electronics, and more.

6. Wealth Management – As life expectancy grows, people grapple with how to manage their money for this longer lifespan. Wealth management has been made easier and more affordable with the help of robo-advisors, automating asset allocation of investments via a computer algorithm. Betterment and Wealthfront are two robo advisors that offer online, automated portfolio management services.

As AI shapes the future in ways we can’t fully predict, we can be sure of one thing: It will be a major force in our lives. Thankfully, there is still an indispensable role for humans: We can’t just leave it to the machines to determine where AI will take us.


Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

JD Byrider
How JD Byrider Became a Leading Auto Giant
George Carlin
20 George Carlin Quotes That Apply to Business
Bob Ross
20 Bob Ross Quotes That Apply to Business
Pat Brown
10 Things You Didn’t Know About Impossible Foods CEO Pat Brown
State of Oregon
How to Apply for Unemployment in Oregon
Outback Steakhouse
Is Bloomin Brands a Solid Long Term Investment?
American Airlines
Is American Airlines Stock A Solid Long Term Investment?
stocks
Is Fabrinet a Solid Long Term Investment?
Costa Di Mare
The 20 Most Romantic Restaurants in the United States
Ocean Drive
The 20 Best Things to do in Newport, RI For First Timers
Lake Merritt
The 20 Best Things to Do in Oakland, CA for First Timers
The 20 Best Hotels in Tucson, AZ
Gumpert Nathalie EV
10 Things You Didn’t Know About the Gumpert Nathalie EV
Volvo's Polestar
Volvo’s Polestar May Be the Four-Door Electric Car of the Future
2021 Genesis GV80
10 Things You Didn’t Know About the 2021 Genesis GV80
2021 Hyundai Elantra 2
10 Things You Didn’t Know About the 2021 Hyundai Elantra
Orrery Tourbillon REF. 2GGBP.U01A
The 10 Best Graham Watches Money Can Buy
Junghans Meister Pilot Chronscope Watch Black Dial Numerals 0273590.00
The 10 Best Junghans Watches Money Can Buy
10 Things You Didn’t Know about Moller Watches
The Iconic No. 1 by TID
The 20 Best Minimalist Watches for Men
Don Lemon
How Don Lemon Achieved A Net Worth Of $10 Million
Sting
How Sting Achieved a Net Worth of $400 Million
Brooke Baldwin
How Brooke Baldwin Achieved a Net Worth of $1.5 Million
Sam Elliott
How Sam Elliott Achieved a Net Worth of $12 Million