It’s been a hectic 12 months for anyone interested in artificial intelligence (AI). After decades of sci-fi expectations and a few false starts, machine learning finally became the hot new buzzword of 2017. Companies and developers used techniques like neural networks to build new smart systems and apps for everything from to speech recognition and computer vision to automated translation and autonomous driving. The result was a surge in AI investment, acquisitions, and startups.
No matter how you feel about AI, it’s on your mind. You can’t open a newspaper or turn on the TV without hearing a new story about artificial intelligence. You may be concerned about the future of AI. You may be excited about what the future holds. Whatever your feelings, you’re not alone.
Artificial intelligence (AI) is a term that refers to the ability of a machine to mimic human intelligence. Acts such as reasoning, logic, perception, creativity and learning, which were once thought to be the preserve of humans, are now being copied by technology and used in all sectors.
The best-known example of AI is chatbots, particularly the live chat versions that handle basic customer service requests on company websites. As technology advances, so does our idea of what artificial intelligence is.
Image source: Process Burner
The future of artificial intelligence technology has arrived. For example, voice assistants like Amazon’s Alexa and Google’s Home have already gained importance and value in our lives. It will improve as new capabilities are acquired and the ecosystem of connected devices evolves.
As AI has a significant impact on people through the smart home, the e-commerce sector could have a significant impact on them. In an increasingly crowded marketplace, personalization is one of the most effective ways for retailers to stand out. According to a report by the Boston Consulting Group, retailers who have implemented machine learning for personalization are realizing gains of 6-10%, two to three times more than retailers who have not.
For marketers, AI can increase team creativity and help companies make better management decisions by providing new insights and better data analysis. Regardless of your industry, AI can be used everywhere. And it will change the way you run your business.
AI and cybersecurity
Image source : Technological Republic
Cyber security has long been an important topic. Many companies have publicly announced that hackers have accessed their databases to steal sensitive information from customers and insiders.
Using artificial intelligence, algorithms can learn the habits of their original user to decipher behavioral patterns and normal behavior. And when suspicious or unusual behavior is detected, it can alert you or prevent the intruder from continuing. It can be used both in the office and at home.
Smart homes make it possible to manage daily tasks at home with the help of a digital assistant. A trained AI algorithm can be used in homes to prevent hackers from gaining unauthorized access to your home. We rely on artificial intelligence to keep hackers at bay.
Artificial intelligence solutions for computing
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By 2021, the pace of building AI solutions for IT is likely to accelerate. Capgemini’s Simion predicted that AI solutions that can personally identify common IT problems and automatically fix minor issues will grow rapidly. This will undoubtedly help reduce downtime and allow the company’s teams to fully focus on complex projects.
Hybrid workforce with artificial intelligence
Image source : The staff today
The modern workplace is slowly turning into a hybrid workforce where people collaborate with bots to get their work done faster and more efficiently. We have been witnessing the rise of digital assistants like Alexa, VERA and Siri for some time now. In 2021, this interaction between humans and bots will become even more intense.
More collaboration between cloud and artificial intelligence
Image source : Forbes
Rico Burnett, director of client innovation at legal services provider Exigent, says artificial intelligence will play a key role in the widespread adoption of cloud solutions by 2021. With the introduction of AI, managing and tracking cloud resources and the vast amount of data available will become easier and more feasible.
Artificial intelligence processors for improved performance
Image source : Intel
Processors or chips with AI are used to improve all business processes. These artificial intelligence chips will speed up tasks in applications such as facial recognition, object recognition, etc.
These chips process NLP quickly. Several companies like NVIDIA, AMD, Qualcomm, etc. are developing these AI processors. These chips will improve the user experience and increase the overall performance of all artificial intelligence applications.
AI with the Internet of Things (IoT)
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AI is a perfect technology and with the efficiency of the Internet of Things (IoT), we will have an effective solution for businesses. The combination of these two powerful technologies will lead to a major change in the automation industry.
Very soon, smart devices in the home such as smart locks, Google Nest, smart outlets, etc. will predict human needs and respond appropriately. Currently, these devices only work through commands, but when combined with artificial intelligence technology, they will be able to predict human needs without human intervention. AIoT-based tools will pave the way for smarter homes in 2021, offering the highest levels of safety and performance.
Chatbots with artificial intelligence
Image source : CX today
Several companies have been using chatbots based on artificial intelligence for some time. AI chatbots enable automated customer service. In 2021, these automated conversational chatbots will continue to learn and improve using artificial intelligence to better understand and communicate with customers.
These chatbots use natural language processing (NLP) and ML to correctly understand natural commands. They enable natural communication by mimicking human conversation with the user.
Digital workflow transformation
Image source : Frevvo
Prior to the COVID 19 pandemic, organizations had little or no organizational tools to ensure active, productive, and efficient business processes.
But by 2021, companies will be able to use tools like Zoom, Microsoft Teams, Google Meet, etc. to manage employees and improve the customer experience. Automation tools do well for remote work, and the trend toward automation of digital workflows will accelerate in 2021 and beyond.
Artificial intelligence and health
Image source : Health Europe
The health sector experienced the worst pandemic in its history in 2020. Health care workers and medical staff were stressed, overwhelmed and on the verge of contracting the virus. As a result, patients with other urgently needed conditions have not received adequate treatment.
With AI, hospitals can automate certain tasks, such as. For example, patient diagnosis, triage, or review of a patient’s previous medical records. And that will reduce the risk of infection, give the right treatment to the patients who need it most, etc.
Radiologists and some medical experts already use AI for scanning X-rays and MRIs to detect diseases and other health problems. In 2021, we will see healthcare relying more and more on artificial intelligence as the accuracy rates will be higher than what humans can see.
Artificial intelligence is an amazing technology that plays an important role in helping industries, organizations and businesses improve and develop their work processes. With the innovation trends in 2021, AI will continue to be an integral part of industries, organizations and businesses.
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Frequently Asked Questions
How artificial intelligence will be used in 2021?
Even though there are still many unsolved problems with Artificial Intelligence, it is being integrated into every aspect of our lives. We have already seen it in action in movies that use it to power the robots and self-driving cars, but in 2021, you will see even more uses of AI. Artificial intelligence is a hot topic at the moment, and many experts expect it to become an integral part of daily life in the future. But how exactly will AI be used in 2021? The following are some predictions as to how AI will be integrated into our lives over the next decade.
How artificial intelligence will transform businesses in 2021?
AI is developing very quickly and has a great potential to transform businesses in the next few years. To get ready for the AI revolution, companies must learn how to use AI to automate specific tasks or to provide insights into areas that are hard to process manually. Businesses around the world are already beginning to rely on artificial intelligence (AI) to reduce costs and streamline operations. In fact, more than half of the executives interviewed for a recent report said that AI is already transforming their businesses. By 2021, the report projects that AI will be a “fundamental driver of growth” for most organizations. All businesses will need to embrace this technology in order to stay competitive.
What are the biggest trends in 2021?
Of all the things we can’t predict, the future is one of the hardest to foresee. But we can look at what we know about the past and present and extrapolate from that. So, what are the biggest trends in 2021? In a recent report, McKinsey and Company predicted that the Internet of Things will be pervasive. Technology has certainly advanced in the last few years, and it’s likely that in the next few years, we’ll see an even greater increase in digital technology. Trends are a funny thing. At the time, you don’t realize they are happening, but afterwards you look back and wonder how you ever lived without them. So what will be the trends that dominate in 2021? In a recent report, McKinsey & Company highlights five that seem particularly promising. These are:
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