We are living in times where new technologies are being constantly invented and innovated. Every now and then we witness revolutionary transformations and innovations in the field of technology. Amongst the most mentionable modern technologies, Artificial Intelligence, or AI, makes a mark. AI has a huge amount of potential and is sure to have a huge impact in the world of technology as well as businesses in the near future.
As a matter of fact, AI applications keep increasing both in number and variety. AI & ML Development Companies are continuously finding unique and creative ways to make the best use of the potential of smart algorithms. While AI stands to shape the future of technology for sure, in this article we have discussed the top AI trends to watch out for in 2021.
Let us take a look at how AI is going to influence the world around us in the future.
Why Has AI Gained Such Popularity?
Artificial intelligence and machine learning are growing at an unprecedented speed. These groups of technologies have been changing the face of the business industry and technology and disrupting sectors across various industries.
They have become extremely popular and widely adopted across the globe. In fact, statistics suggest that over 80% of all technologies developed in the next two years will be based on smart algorithms and machine learning technologies.
That being said, increased needs of data management, as well as data and privacy regulations have paved the way for AI technologies’ success. Along with that, COVID-19 pandemic crises have sought advanced economic strategies and industrial policies on a global level. This is where the potential of technologies like AI can be effectively explored and utilized for a competitive edge.
Top AI Trends to Watch Out for in 2021
A recent report by Fortune Business Insights suggests that 80% of business executives said that their businesses will integrate artificial intelligence into their products and service lines between the years 2020 and 2027.
That being said, here are the top AI trends to watch out for in 2021 and the coming years.
AI in Cybersecurity
Implementation of AI in Cybersecurity can be a highly efficient and effective way to ensure optimal and foolproof protection. Manual processing and detection are time-consuming and expensive and AI can help ensure better security at a lesser price.
Also known to be AI chatbots and something that is being widely explored by many businesses, we are probably going to see many versatile and varied applications of AI chatbots by businesses.
They can effectively enhance the reach, responsiveness, and personalization of the customer experience. This will help a business get better recognition and reputation.
Amongst the newest AI technologies, AI-enabled chips can be very effective in the field of applications that include: object recognition, facial recognition, image processing, and natural language processing.
A lot of major companies like NVIDIA, Qualcomm, and AMD are in the process of AI-enabled chip development for improved performance of AI applications.
This is one of the trends that will surely be explored by a lot of businesses as it effectively simplifies IT operations through the automation of business processes. This means that better and more efficient work can be done with the help of AI at lower costs and much less time.
It will also ensure lesser errors and higher quality of achievements, allowing businesses to make the best use of their resources.
AI and IoT
Smart devices are in most of our homes and researchers are constantly exploring the amalgamation of IoT and AI to build high-performance systems that are effective as well as efficient.
This is one of those trends that can transform the business industry if everything turns out as expected. It takes automation to a completely new height with the entirety of it being done by machines instead of human beings.
The process involves the discovery of business automation processes and the development of bots to execute these processes through computerized channels.
A blend of AI, deep learning, neural networks, and ML, will enable computers to identify any specific object in an image or video in a highly accurate manner and then carry out a specific task based on the detection and commands.
As said by Amit Sawhney, the Vice President of Services Operations, Dell Technologies, “The use of AI and data analytics will become increasingly important in IT as organizations aim to deliver seamless support and predictive capabilities,” AI is ever-growing and evolving and we are yet to witness its full potential and utilities.
These trends listed above can be handy for anyone working in the field or any business looking to implement AI for business growth and success. So make sure to watch out for them and make the best use of them.
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