Everywhere you look is another story on the growth of artificial intelligence and how it’s changing the world. It’s a $135.55 billion industry, with a compound annual growth rate of 37.3 percent expected between now and 2030.
Everywhere you look is another story on the growth of artificial intelligence and how it’s changing the world. It’s a $135.55 billion industry, with a compound annual growth rate of 37.3 percent expected between now and 2030.
The cannabis industry is no exception.
We’ve gained an image of what AI will do from watching movies and television shows. Robots will be more lifelike than ever before. We’re at risk of a complete takeover where AI will do all of our daily functions.
But those images are fictional at best. AI won’t take over as much as it will become an integral part of our lives. We’ll be more efficient, automate mundane tasks, and use it to improve everything we do.
How will it help cannabis businesses?
Look no further than your phone
For most of us, our first look at AI started with our smartphones. Quickly we’ve grown accustomed to allowing it to help us with everything. Have you ever asked: “Siri, what’s the weather like today?”
That’s why smart technology has moved into our lives so quickly. It has the potential to aid us in everything we do.
Including cannabis businesses. AI-powered tools can help with everything from growth-rate tracking to marketing. There’s so much growth in AI; new companies are popping up daily.
Like SpexAI’s production of a smart camera called Hugin. This camera is mounted to a robot that patrols greenhouses at night using AI to detect diseases and cannabinoids directly from growing plants. It allows growers a chance to optimize plants in every way.
One of the most time-consuming tasks for new cannabis businesses is marketing. In new industries, product imagery and advertising copy aren’t as readily available as in other industries. Yet with AI, text and imagery generation with sites like Stable Diffusion allow you to create these assets easily and affordably.
And this is just the start.
AI and video surveillance
Video surveillance is an integral part of every cannabis business. Rules and regulations are in place, directing how they should be used in every aspect of the company. Yet it should come as no surprise that there’s a problem: false alarms. The vast majority of traditional video alerts are false.
Cameras cover every aspect of business, from cultivation facilities to outdoor perimeters and parking lots. There are rules about how much to cover and how long footage should be stored.
All of this can take an absorbent amount of time.
AI can filter out most alarms when they are proven to be nothing more than blowing leaves or a passing animal.
Is this all AI can do to aid security? There’s plenty more being developed all the time.
We might be unable to identify human behavior, predict potential criminal actions, and stop a crime before it’s committed – but we’re one step closer.
Every improvement in how we handle technology brings new challenges in this game of cat and mouse.
How are you using artificial intelligence?
The best way to stay ahead as you build your cannabis business is to use technology to every advantage.
You might wonder where to start. Don’t overthink it. Find something easy and start there.
There isn’t a specific formula for integrating AI into your business. The important thing is to do it one step at a time.
We can help you with that.
For IT Strategy, Security and Compliance, or Help Desk Services, reach out to us at Cannabis Technology Partners 360-450-4759.
