There is no shadow of a doubt that Artificial Intelligence remains a vital aspect when it comes to innovation and technology that fundamentally decides how we work and live. In fact, according to various studies, around 77 percent of all devices we currently utilize today have AI built into them in one way or another. AI is the driving force behind most technological comforts that are a big part of our daily lives. This includes everything from Google Home, Amazon’s Alexa to Netflix’s recommendations. Experts estimate that the global AI market will grow more than 42 percent from the current year to 2027.
With ongoing research, AI continues to make massive development in the automotive, healthcare, finance, manufacturing, and retail field. Regardless of its adoption rate by such areas, AI will take center stage in the year 2021. In fact, in the next decade or so, the rapid acceptance and growth of AI-based tech will be at its peak. That said, here is an overview of a few AI trends to watch out for in the year 2021 and the years to come!
Cloud computing and AI
AI’s role in cloud computing has always been an important one, and it continues to evolve and grow with time. Cloud computing has already left its mark on our lives, be it something as simple as streaming music over the cloud to ordering products from an e-commerce store. However, these applications and services are sure to become even more streamlined and intelligent, thanks to AI-centric additions.
AI-based cloud computing applications will be more responsive and scalable. Plus, the data deciphering abilities of these applications will be out of this world. Google Cloud and Amazon Web Services are two services that are already utilizing machine learning and AI. Moving forward, expect to see tech-based startups adopt cloud-based AI solutions to manage their critical operations. To learn more about how information technology, AI, and business management work, consider enrolling yourself in an MBA information technology management degree. A degree such as this is a must-have for tech-nerds looking to start a career in tech-based companies.
RPA (Robotic Process Automation)
More and more companies turn towards the revolutionary technology known as Robotic Process Automation to reduce business costs and streamline business processes. With the help of RPA, businesses can automate tedious, rule-based business processes. This will allow their workforce more time to complete other high-value work or serve their clients better. Robotic Process Automation solutions can range from ERP systems to something as simple as deploying bots to automate email responses. You can find such solutions implemented across finance firms, manufacturing industries, or HR departments.
AI in cybersecurity
Cyber threats will continue to surface in a post-pandemic world, even more so when workforces around the world shift towards a work-from-home culture. However, Artificial Intelligence can help nullify these threats by aiding businesses through threat detection. AI algorithms combined with any cybersecurity resources will be bad news for hackers.
For example, if you plan to set up a streaming service, AI-powered security solutions are the way to go. What does this mean? Suppose you have a streaming device such as Amazon Fire TV or Roku. In that case, an AI-based VPN service will allow you to select the most secure way to consume content without compromising your privacy.
AI in the healthcare sector
AI can provide tons of benefits to the healthcare sector and transform how healthcare professionals work in the field. Healthcare-based AI solutions will enable people to receive faster, more effective care and make it easier to prevent infectious diseases from wreaking havoc. Analysis of health records, historical trends, and medical literature is usually very time-consuming. These tasks are best suited for AI tools.
For example, doctors can find data patterns using AI tools that are typically difficult for humans to predict. Such AI-based solutions will provide deeper insights and a better understanding of particular diseases and their progression mechanisms. Other than diagnoses, these tools will also pave the way for better personalization of treatments.
Around 1.2 billion students across more than 186 countries were affected by the pandemic, lockdowns, and school closures. As a result of such a situation, most educational institutions now offer online education to enforce physical distancing while ensuring that the learning experience remains uninterrupted. Such a switch towards online learning leaves many wondering about its impact on education systems worldwide. Long before the pandemic, online education saw a bump in popularity in recent years. It is especially evident due to the adoption of AI-based Ed-Tech. In fact, by 2030, the AI-based education market will be around 25.7 billion dollars in value.
AI-based education tools can help teachers and instructors automate tasks and provide students with a more personalized learning experience. Take the example of AI in Microsoft Office. It serves as a presenter coach, suggests PowerPoint layouts, formulas for Excel sheets, and much more. We can expect even more people worldwide to adopt intelligent learning platforms that make heavy use of AI tools soon.
Upon reviewing the trends mentioned above, you can see that Artificial Intelligence, as a resource, focuses more on automating human-driven tasks. However, AI’s applications are broad and will vary from organization to organization. That said, research regarding artificial intelligence is a dynamic and ever-evolving process- New trends come out every day while old ones become obsolete!