AI has become the in-thing in the enterprise realm, especially during the global pandemic. Here is what to look for in the coming years with regard to AI talent, devices, values and other major concerns.
John: Alexa, what is the status of COVID-19 in India?
Alexa: India is witnessing another wave of coronavirus. The states continue to report an increased number of Covid-19 cases. So stay at home as much as possible and follow all the precautionary measures.
John: Now tell me of the latest advancements in the field of AI.
Alexa: According to the article found, the newly launched Al-driven technology called ‘Heritage AI algorithm’ has brought back famous historical figures such as Bhagat Singh, Lal Bahadur Shastri, Sukhdev, etc. to life.
Ever imagined motion images of freedom fighters that might seem out of a surreal world? In a recent viral post on social media, you must have noticed the images of some patriots (Swami Vivekanand, Bhagat Singh, Bal Gangadhar Tilak – To name a few) coming to life. That is possible just because of Artificial Intelligence.
The AI-powered technique can now be used to bring old photos to life by animating the photos, adding head movement, flicks and blinks of eyes and even lip movement. Images can be turned into short videos too.
Given AI’s peculiar ability to amaze, allure, fascinate and even intimidate, it is impacting and revolutionizing every industry virtually. In fact, according to the statistics, ‘54% of business executives say that their adoption of AI within the workplace has led to a boost in productivity.’
Moreover, the COVID-19 pandemic has only resulted in the surge of the potential value and adoption of artificial intelligence.
As we move onto the bedrock of the era of digital transformation, businesses continue to automate their day-to-day operations with the top AI trends. To cut a long story short, Artificial intelligence (AI) should be on everyone’s radar in 2021 and the foreseeable future.
But for those who are living under the rock, first thing first!
What Is Artificial Intelligence?
Originally coined by John McCarthy in 1955, Artificial Intelligence (AI) is a machine that is programmed to think and respond like humans with the ability to solve problems. AI is designed in a way to be able to build agents/robots that have the capability to replicate human behaviour and even make decisions on their behalf.
To brief you, we have compiled some of the best comprehensive definitions of AI:
- The design and development of computer systems that have the knowledge and skills required to perform the tasks which usually require human intelligence to undertake – AILab
- The ability of a digital computer or computer-controlled robot to perform tasks commonly associated with intelligent beings – Britannica
- In computer science, the term artificial intelligence (AI) refers to any human-like intelligence exhibited by a computer, robot, or other machines. In popular usage, artificial intelligence refers to the ability of a computer or machine to mimic the capabilities of the human mind – learning from examples and experience, recognizing objects, understanding and responding to language, making decisions, solving problems – and combining these and other capabilities to perform functions a human might perform, such as greeting a hotel guest or driving a car – IBM
What Are The Advantages Of Artificial Intelligence?
AI is a promising technology that is making organizations more resilient and high-performing. What is AI used for? Listed below are the ways AI is alleviating human efforts:
1. 24×7 Availability
One of the top advantages of Artificial Intelligence is 24×7 availability. From healthcare services to educational institutes to helpline centres and everything in between, the frequent queries and issues can be handled effectively using AI.
Since machines don’t require frequent breaks and can be programmed to work tirelessly for long hours, AI can make them work 24×7 without any breaks or getting bored, unlike humans.
2. Limiting Human Errors
With Artificial Intelligence, ‘To err is human’ is taking a backseat. Human error is one of the greatest reasons for data breaches across the world. The use of artificial intelligence has resulted in error reduction and greater accuracy with a higher degree of precision, leaving no room for error. In fact, AI can take care of data security while tackling high-level issues that require experienced problem-solving capabilities. This saves manual efforts and a great deal of time.
3. Eliminating Repetitive Tasks
Our day-to-day activities include a lot of repetitive and monotonous tasks like sending mail, doing some lengthy calculations, proofreading certain documents for errors and many more.
Tools help in managing tiresome tasks and make enough provision for people to work on more creative, better and interpersonal aspects of life.
Tools like X.ai provide you with AI-powered personal assistants that can take care of such tasks and help you gain an upper hand.
4. Digital Assistance
Most highly advanced organizations use digital support to deal with users minimizing the need for human resources. These assistants are programmed to think logically and take basic decisions based on the information collected.
With the use of artificial intelligence, you can give birth to your personal digital assistant who can interact with your customers on your behalf at odd hours. It is the digital assistants that reduce the need for manpower to some extent.
5. Enhanced Automation
AI and Automation are two sides of the same coin. Artificial Intelligence powers automation, reduces operational costs and the cost of manpower. For marketers, this means a quicker, tailor-made process, highly precise and accurate data, and improved overall customer experience.
Do you need help with integrating AI into your business? Connect with our experts to learn how the use of artificial intelligence can strengthen your workforce.
How Many Types of Artificial Intelligence Are There?
Based on functionalities, there are four types of artificial intelligence: Reactive machines, Limited memory, Theory of mind and Self-awareness.
Let’s explore the types of artificial intelligence in detail.
1. Reactive Machines
The oldest and most basic type of AI system is Reactive Machines. These machines do not have memory-based functionality i.e. they do not have an ability to learn and cannot use past experiences to influence their present-made decisions.
They can only be used for replying automatically to a limited set of inputs – perform basic operations.
A popular example of such type of artificial intelligence is Deep Blue, a chess-playing supercomputer created by IBM in the mid-1980s.
Looking to develop an AI-built software system? Get in touch with us.
2. Limited Memory
Limited memory AI stores previous data/predictions and uses that data to make better predictions. As the name implies, the memory of such kind of AI is short-lived.
Limited memory can use the previous data only for a brief period of time and cannot store it into its library of experiences.
3. Theory of Mind
Theory of mind AI is an advanced level of technology. Though it exists only as a concept, researchers are putting their heads together to turn it into a working prototype. Such type of artificial intelligence will be able to have a thorough understanding of people’s feelings, sentiments, behaviours and thought process.
This kind of AI isn’t fully complete yet. Robots Kismet and Sophia, created in 2000 and 2016 respectively, are two of the noteworthy examples of such type of AI.
Perhaps, in the foreseeable future or a parallel universe, when AI will achieve nirvana, it will become self-aware.
Self-awareness is the last stage of AI development which currently exists only hypothetically but is considered to be the most advanced form of AI ever known to humans. Such types of AI will not only be able to understand and replicate human-like actions but also think for themselves and realize their feelings.
Learn more in-depth information about artificial intelligence here.
Where Is AI Being Used?
Artificial Intelligence is transforming every walk of life. Over the decade, artificial intelligence has blossomed into a powerhouse of extraordinary technologies giving a competitive advantage to businesses across different verticals.
Analysts forecast global AI spending will more than double over the next three years, topping US $79 billion by 2022.
Presently, AI is integrated into the following fields or things:
- Agriculture and Farming
- Security and Surveillance
- Virtual Assistant or Chatbots
- Transportation system like Google Maps
- Self-driving cars or Autonomous Vehicles
- Production and Manufacturing
- Sports Analytics and Activities
- Healthcare and Medical Imaging Analysis
- Warehousing and Logistic Supply Chain
The industries deploying AI are gaining the most traction and creating the most value within an industry.
Artificial Intelligence (AI) is mushrooming by leaps and bounds and already benefiting both big and small businesses. From Siri to speech recognition technology to big data warehousing, AI applications are making lives better – one step at a time.
Now that you are well-acquainted with the advantages of artificial intelligence, types of AI and what is artificial intelligence (AI) used for, check out the top AI trends 2021.
Top AI Trends
There has been a visible shift in leveraging AI during pandemic. The word has it that 2021 is the golden year for AI implementation. ‘Artificial intelligence’ an umbrella term for an array of technologies, the genesis of discussions, is accelerating at unprecedented speed and unearths endless future possibilities.
As companies fasten their seatbelts to steer towards new digital capabilities in order to be resilient and adapt to the post-pandemic futuristic world, current trends in AI will play a significant role in helping them cope with the increasing demands of the user.
What are the most likely top AI trends in 2021? Scroll down to browse to the near future of artificial intelligence.
1. Conversational AI
Also known as AI-powered chatbots, Conversational AI improves reach, brand image, responsiveness and personalization of the user experience.
With bigger than ever state-of-the-art language models creating a huge buzz with their releases in 2020, NLP has now gained more attention. Many more retail brands shall now tend to use AI-based market and consumer insights in the company’s decision making and marketing strategies. They will adopt Conversational AI systems to generate consumer provided first-touch data to know what their consumers need and more importantly ‘why’!” -Dinesh Sharma, Co-Founder & CTO, AskSid
An AI-powered chatbot makes use of or relies on Natural Language Processing (NLP) and Machine Learning (ML) to comprehend human needs precisely and in a better way. In simpler terms, chatbots mimic human conversation and provide better support. Planning to integrate chatbot solutions into your business? We can help!
2. Intelligent Process Automation (IPA): Hyperautomation
From self-driving cars to automated retail services, businesses are tapping into intelligent solutions to improve their existing process. Intelligent process automation (IPA) is one of the most preferred and top artificial intelligence trends that manage, automate and integrate digital processes.
Businesses, now, can automate almost anything in an organization, enhance productivity and reduce risks via tools such as Machine Learning, AI, and Robotics.
According to the study by McKinsey, ‘Companies experimenting with IPA have managed to automate between 50 and 70% of processes, which translates to between 20 and 35% annual run-rate cost efficiencies.’
Hyperautomation is the most happening and current trend of AI that is helping businesses become more efficient, resilient and survive these challenging times.
3. Internet of Behaviors (IoB)
To keep up with the behavioral insights, the Internet of Behaviors (IoB) is one of the top AI trends. IoB can collect, analyze and process data from multiple sources including data from government agencies, commercial customer databases, social media and location tracking services.
Public and private entities can use this information to draw useful insights, use those insights to create new products (from a human perspective) and influence customer behavior.
To cut things short, the Internet of Behaviours is all about using data to change behaviors via feedback loops.
4. Cybersecurity & Data Breaches
With the expansion of the internet, digital data is at greater risk of being compromised and vulnerable to phishing and hacking attacks. Hence, what was until now ‘nice to have’, has become existential ‘must have’.
Since the COVID-19 pandemic, managing sensitive data has become a priority since there has been a steady rise in hacking and cybercrime. On top of that, the rise in tools and techniques has made it easier to facilitate cyberattacks, even by non-advanced coders.
The AI-enabled cybersecurity system can decipher a pattern of behavior and normalcy. This way, it can detect suspicious behavior, alert the respective authority and even prevent the attacker from striking further.
This is one of the most crucial artificial intelligence trends that can assist in mitigating virtual risks and help keep hackers at bay.
5. Artificial Intelligence of Things (AIoT)
Artificial Intelligence and the Internet of Things is a match made in technical heaven. For the businesses looking to empower, innovate and digitally transform, IoT and AI can bring unparalleled opportunities.
While IoT offers a massive amount of data through devices, AI quickly extracts real-time insights out of that data and shows ability to make wise decisions without any human interference.
According to Gartner, ‘More than 80% of enterprise IoT projects will include an AI component by 2022.’ Presently, only 10% of firms are utilizing the amalgamation of IoT and AI.
The partnership of AI and IoT is the reason behind the birth of intelligent voice assistants such as Alexa and Siri.
Amazon, Apple, Oracle, Google and Microsoft are some of the leading firms that have already augmented this top AI trend i.e. IoT with AI. So, what are you waiting for?
6. AI With Healthcare
AI has a huge role to play in the field of healthcare and medicine. By leveraging big data and predicting various outcomes, artificial intelligence is supporting the healthcare industry in unique ways.
AI was already helping the healthcare sector to a great extent with higher precision. Besides, the coronavirus-induced pandemic has paved the way for AI advancements to tackle its impact.
Thanks to the use of artificial intelligence, thermal screening, development of vaccines and identifying masked faces have been made possible.
Read more: Top Artificial Intelligence Android Apps
These are just a few of the impressive uses of AI that are currently in trend and helping the businesses on the road to recovery amid corona.
How Appventurez Can Help Businesses Integrate The Power Of Artificial Intelligence?
Covid-19 has seriously crippled the economies and it is survival of the fittest here. With Artificial Intelligence becoming omnipresent in our day-to-day lives, it only makes more sense to leverage the current trends of AI for redefining businesses and improving customer experience.
Businesses need to stay abreast with emerging trends and discover ways to leverage AI-powered solutions to reach new heights and earn maximum value.
To incorporate current trends in AI into your organization, get in touch with the best app development company like us. Drop or call us to chit chat and discuss how we can help you incorporate AI into your business.
Co-Founder and VP Mobile Architect at Appventurez. An expert programmer who is passionate and loves to explore emerging mobile technologies. As a leader, he is a perfect match as he is always there for the team to help and guide them to learn and implement smartly and effectively.
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