As compared to humans, AI technology is more accurate, precise and fast when coded properly. As its uses are increasing day by day, new AI trends are blooming in the market to ease our tasks. Let us check out some AI technology trends that are helping individuals in 2021.
The discovery of artificial Intelligence emerged many decades years back. Artificial Intelligence has many capabilities, other than only robust. Today the usage of AI can be seen almost everywhere around us. We are all surrounded by AI 360 degrees. Right from personal gadgets to home appliances, AI is there everywhere. Let’s understand the influence of AI using some stats:
According to Fortune Business Insight, the global AI market size in 2019 was valued at $27.23 billion and is expected to reach $ 266.92 billion by 2027.
Research by PWC global indicates that 45% of total economic gains by 2030 will come from AI-driven product enhancements, increased personalization, and consumer demand stimulation.
As per Oberlo, 44% of organizations have reported cost savings as a result of AI implementation.
Top-notch AI Technology Trends To Look Out For:
1. Improved customer experience
Business firms are using predictive analysis to predict the requirements of their customers through trends. It has provided early signs of the shift in consumer behaviour to enable the firms to act accordingly. The result was pretty impressive, and many business firms are applying such technology to boost their trade.
2. AI-driven education
As a result of the COVID-19 pandemic, most educational institutions have switched to online learning to keep delivering education even from the safety of their homes. The shift from classroom to digital teaching has let open a wide scope of technologies that both students and teachers can exploit. AI can help teachers to automate tasks and enable intelligent and personalized tutoring systems. For instance, the AI-powered feature in MS Office might recommend a PowerPoint layout, suggest formulas in the excel spreadsheet or allow a student to dictate and translate paragraphs.
3. AI in biometrics
Biometrics like fingerprint sensing and facial detection has been around for a while. With the increasing sensibilities induced in these systems, AI has been made capable of identifying human behaviour. The new technology helps to establish better natural connections between humans and machines, including interactions related to body language, tone, image, touch, expression, and speech.
4. Augmented intelligence
Augmented Intelligence is Artificial Intelligence with a twist that makes it stand out. Artificial Intelligence has been built to both work and reacts just like humans, whereas augmented intelligence makes use of machines to enhance the working capabilities of humans. Platforms that have been providing augmented intelligence tries to collect different types of structured and unstructured data received from multiple sources. They present this data to human workers to fully understand each customer. This gives the workers a better understanding of what's happening in the sector.
5. AI in healthcare
Since the deadly Covid-19 virus has ravaged the world, it is being sought to involve as little manual interaction with patients as possible. AI is transforming healthcare by making it more efficient and less costly by collecting the PGHD in real-time from different sources. AI-enabled systems will support, predict, and track patients' allocation, medical staff availability, and other such managerial concerns.
6. Cybersecurity powered by AI technology
With the increasing numbers of netizens, cybersecurity is one of the major concerns of the decade. With the advancement in AI-powered cybersecurity principles, many individuals and business owners can successfully combat these attacks. The artificial intelligence learning systems make it far easier to detect the breaches of data that induce virus attacks and various other activities by using specified software’s. customer traffic data and
7. Improved AI system assistance
This is the biggest AI trend that is predicted to take the decade from 2021 by the storm! AI system assistance is expected to be seen as automating customer service, problem-solving, and other sales tasks. With powerful assistants supported by AI such as our friends Siri, Alexa, and Cortana, more investment is sought to build AI system assistance software with the best AI software developers. It is predicted that with this advancement, more than half of all searches can be sorted out using voice commands by 2030!
8. Automation in the workplace
AI can be used to facilitate automation in the workplace. Start-ups and growing companies looking to cut down their resources can exploit the power of artificial Intelligence. This will help automate most of their basic tasks like data entry and help in the automation of customer service interaction and more. Other than this, Artificial Intelligence can be used to manage traffic flow and improve operational efficiency across various industries. AI allows business owners to monitor all their workflow directly via their computer screen.
Conclusion:
The current COVID-19 pandemic has crippled many sectors, and world economies have been struggling to even survive. There are multiple creative ways to help businesses towards the path of recovery. Today, institutions have to focus on creating technology that is competitive and strong. Multiple AI-powdered applications have been growing rapidly in terms of both the numbers and their scope and horizons.
Artificial Intelligence in the future will be impacting not just every industry but also every human being. Slowly and surely, it is becoming our lifestyle
