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Artificial Intelligence & Data Analytics
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The rise of Agentic AI across industries

Wrick Talukdar
By Wrick TalukdarORCID Identifier Icon
7th Jun, 2024 | Artificial Intelligence & Data Analytics
The rise of Agentic AI across industries

In the rapidly evolving landscape of artificial intelligence (AI), the emergence of agentic AI and multi-agent systems marks a transformative shift across various industries. These technologies are not merely theoretical constructs but are actively redefining operational paradigms, enhancing efficiency, and fostering innovation.

What is Agentic AI?

Agentic AI refers to autonomous systems capable of making decisions and performing tasks without human intervention. These systems leverage advanced machine learning algorithms, large language models (LLMs), and real-time data processing to adapt and respond to dynamic environments. Unlike traditional AI, which often relies on predefined inputs, agentic AI possesses the autonomy to set goals, devise strategies, and execute actions, thereby offering a higher degree of operational independence [1].

The practical applications of agentic AI are vast and varied. In the financial sector[2], for instance, companies are utilizing AI agents to conduct comprehensive financial analyses, automating complex tasks that traditionally required significant human effort. Similarly, in the healthcare industry [3], agentic AI systems are revolutionizing diagnostics and patient care by autonomously analyzing medical data to identify patterns and suggest treatments. Published on November 13, 2023, MedAgentBench is an evaluation suite designed to assess the agentic capabilities of large language models (LLMs) in medical record contexts. These applications not only enhance efficiency but also allow professionals to focus on more strategic and creative aspects of their work.

The Synergy of Multi-Agent Systems

While a single agentic AI can perform tasks independently [4], the collaboration of multiple AI agents—known as multi-agent [5] systems—unlocks new dimensions of problem-solving capabilities. These systems consist of several autonomous agents that interact, negotiate, and collaborate to achieve common objectives. This collective intelligence enables the handling of complex, large-scale tasks that are beyond the scope of individual agents. By leveraging decentralized decision-making, multi-agent systems enhance adaptability and efficiency, allowing for faster problem resolution and dynamic task allocation. Additionally, their ability to distribute workload among specialized agents results in improved fault tolerance and robustness, making them particularly valuable in high-stakes environments such as healthcare diagnostics, financial modeling, and autonomous transportation systems. The cooperative nature of these systems ensures that tasks can be completed more effectively, as agents can share insights, correct errors, and refine strategies in real time, ultimately driving better outcomes across various industries.

Figure 1 A multi-agent healthcare system

As businesses and industries embrace this new era of AI, the question is no longer about whether agentic and multi-agent systems will shape the future—it is about how quickly and effectively organizations can adopt and integrate them. The following sections explore how these technologies are being deployed across industries, the advantages they offer, and the challenges that must be overcome to realize their full potential.

Transformative Impact Across Industries

The integration of agentic AI and multi-agent systems is poised to revolutionize various sectors:​

  • Retail: Companies like eBay are deploying AI agents to automate tasks such as writing code and creating marketing campaigns, leading to more personalized customer experiences and streamlined operations. ​
  • Telecommunications: Deutsche Telekom utilizes AI agents to handle employee inquiries regarding internal policies and benefits, thereby improving response times and reducing administrative burdens. ​
  • Healthcare: Agentic AI systems are enhancing diagnostic accuracy and personalizing treatment plans by autonomously analyzing patient data and medical literature. ​
  • Finance: Financial institutions are leveraging multi-agent systems to monitor market trends and execute trades autonomously, optimizing investment strategies and managing risks more effectively.

Challenges and Considerations

Despite the transformative potential of agentic AI and multi-agent systems, several challenges and considerations must be addressed for successful adoption and integration.

  • Complexity of Coordination: One of the biggest challenges in multi-agent systems is ensuring effective coordination between autonomous agents. These agents must communicate seamlessly, resolve conflicts, and make collective decisions while maintaining efficiency. Poorly coordinated agents may lead to inefficiencies, redundant actions, or conflicting objectives.
  • Data Security and Privacy: As these systems rely on vast amounts of data for decision-making, ensuring data security and privacy becomes crucial. Agentic AI models often require access to sensitive information, raising concerns about data breaches, unauthorized access, and compliance with regulations such as GDPR and CCPA.
  • Bias and Ethical Concerns: AI agents are only as good as the data they are trained on. Biases in training data can lead to unfair or unethical decision-making, especially in sectors like finance, healthcare, and hiring. Ensuring fairness and ethical AI behavior requires continuous monitoring and intervention.
  • Scalability and Computational Costs: Multi-agent systems require significant computational resources to operate effectively. Scaling such systems while maintaining optimal performance can be costly, requiring specialized infrastructure and efficient optimization strategies.
  • Interoperability and Integration with Legacy Systems: Many organizations still operate on legacy systems that are not designed for seamless AI integration. Ensuring compatibility between autonomous AI agents and existing enterprise software poses a significant technical hurdle that must be overcome.
  • Regulatory and Compliance Challenges: Governments and regulatory bodies are still catching up with advancements in AI. The lack of clear regulations and standards for multi-agent AI systems presents uncertainties for businesses looking to adopt these technologies. Navigating evolving compliance requirements will be a key challenge for industry leaders.
  • Human Oversight and Accountability: While agentic AI systems offer increased autonomy, human oversight remains essential to ensure responsible decision-making. Establishing clear accountability frameworks is necessary to prevent unintended consequences and maintain trust in AI-driven processes.

Addressing these challenges requires a concerted effort from researchers, policymakers, and industry leaders. By developing robust governance frameworks, improving AI transparency, and investing in advanced AI safety mechanisms, organizations can harness the full potential of agentic AI and multi-agent systems while mitigating associated risks.

Conclusion

As agentic AI and multi-agent systems are at the forefront of the AI revolution, offering transformative potential across industries. By enabling autonomous decision-making and collaborative problem-solving, these technologies are not only enhancing operational efficiency but also paving the way for innovative solutions to complex challenges. Organizations that strategically embrace these advancements are likely to gain a competitive edge in the evolving market landscape.

References

[1] Chan, Alan, Carson Ezell, Max Kaufmann, Kevin Wei, Lewis Hammond, Herbie Bradley, Emma Bluemke et al. "Visibility into AI agents." In Proceedings of the 2024 ACM Conference on Fairness, Accountability, and Transparency, pp. 958-973. 2024. https://arxiv.org/abs/2401.13138

[2] Iñaki Aldasoro, Leonardo Gambacorta, Anton Korinek, Vatsala Shreeti and Merlin Stein. Intelligent financial system: how AI is transforming finance. https://www.bis.org/publ/work1194.pdf

[3] Jiang, Yixing, Kameron C. Black, Gloria Geng, Danny Park, Andrew Y. Ng, and Jonathan H. Chen. "MedAgentBench: Dataset for Benchmarking LLMs as Agents in Medical Applications." arXiv preprint arXiv:2501.14654 (2025). https://arxiv.org/html/2501.14654v2

[4] Hu, Shengran, Cong Lu, and Jeff Clune. "Automated design of agentic systems." arXiv preprint arXiv:2408.08435 (2024). https://arxiv.org/pdf/2408.08435

[5] Patil, Shishir G., Tianjun Zhang, Xin Wang, and Joseph E. Gonzalez. "Gorilla: Large language model connected with massive apis." Advances in Neural Information Processing Systems 37 (2025): 126544-126565. https://arxiv.org/pdf/2305.15334


About the author

Wrick Talukdar

Wrick Talukdar is a distinguished AI/ML architect and product leader at Amazon Web Services (AWS), with over two decades of industry experience. As a thought leader in AI transformation, he specializes in leveraging Artificial Intelligence, Generative AI, and Machine Learning to drive strategic business outcomes. For the past years, Wrick has led pioneering research and initiatives in AI, ML, and Generative AI across diverse sectors. His expertise has driven transformative products and solutions in healthcare, financial services, technology startups, and public sector organizations, delivering measurable business impact through innovative AI implementations. Talukdar serves as the Chief AI/ML Architect for IEEE Industry Engagement Committee’s Generative AI initiative and is a Senior IEEE Member. A TOGAF certified enterprise architect with numerous industry certifications, Wrick holds a Bachelor’s degree in Information Technology and Computer Science. His research and technical writings contribute significantly to the global AI community. Connect with Wrick: wrick.talukdar@ieee.org | LinkedIn

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