Major Trends in AI — 2020
AI is all set to grow at a rapid pace and many surveys show that it will have a deep impact in diverse sectors. Many major companies have assigned specific targets and the results that will emerge will impact the future in a big way. It will also serve as the foundation of all the emerging technologies. There will be more spending on the research, development, and deployment that will have far-reaching ramifications in the following and will also impact newer and untested areas.
1. AI-enabled chips
For 2025, there is an estimate that the AI-enabled chips will earn a revenue of 91.18 billion dollars and that they will be extensively used in smartphones in the areas of facial recognition, object detection, natural language processing, and computer vision and in other related areas. The modern processors will do trillions of transactions in a matter of seconds in an efficient way. This will have a favorable impact on translation, photography, and virtual assistants.
2. Business process & Automation
The robots will carry out repetitive transactions and generate the necessary reports. This will lead to smooth business procedures. It is through AI that new potentials of digital transformation can be identified as actively monitoring and predicting problems beforehand and, helping in preventing bottlenecks and downtime in business processes, extracting real-time business intelligence, reducing time on manual configuration and troubleshooting, impacting business outcomes, driving innovation and finally detecting changes automatically for better resource consumption.
3. IoT
When the AI and IoT work together there is a large creation of data and many insights can be obtained by it through mining. The data collected is used by AI Algorithms and the results are used in the new devices. Many major cities across the world will become smart cities and there will be extensive use of smart home appliances in the future. Many professionals are working on creating smart solutions for day-to-day problems and there will be a series of innovations in this sphere.
4. Organization’s shift to ML
Automated ML will set in as the traditional ML is expensive and complicated. There will be high quality and custom-made ML Models and customizations will be the buzz word. There is a need for expertise and the professionals who are able to become experts in this domain will lead the way and will definitely have a bright future.
5. Cloud computing will be revolutionized
With the coming together of AI and Cloud computing new and improved methods can be created. AI has huge potential but the success here mainly depends on the two factors of infrastructure as well as experts. Cloud computing is economical and beneficial for many companies now and will continue to stay so in the future also. AI has usage in monitoring and managing the cloud and will lead to an efficient scenario. AWS, Alibaba, and Google are already using it and soon others will follow it and lead to its popularity.
6. Cybersecurity
AI is a major factor in the analysis and understanding of cybercrimes and can be effectively used with good results in the prevention of cybercrimes. The companies can have improved safety and security owing to AI. When the cyber attackers are using it in a big way it is very important for the companies to increase the usage and take effective measures to counter it. There is a great need to implement AI in Cybersecurity protocol
7. More personalization will happen in real-time
The trend of personalization is pursued by Amazon, Alibaba, and Google, and through this, they are able to deliver better experiences and recommendations. AI provides a 360-degree view of customers in real-time as they interact by using the online portals and mobile apps, and the users can quickly learn about their predictions accurately.
8. More devices will run on AI technology
The hardware and expertise necessary to deploy AI will become cheap and available, there will be increased use of tools, gadgets, and devices. Many AI tools will be embedded in vehicles, household appliances, and working places. There will be many gadgets and appliances of various shapes and sizes that think and learn fast and give a good result to the user. The impact will be more on education and entertainment.
9. AI adoption
People will get used to the idea of working with AI-powered tools and bots in routine matters of life. The tools will impact on the imaginative, designing, strategic, and communication skills in a big way. People need to adapt to learning new skills, or in new ways to use skills along with robotic and software-based tools. By 2025, 75% of organizations will invest in employee training to fill AI-related skill gaps.
Thus the impact of AI is everywhere and there is an urgent need to understand, learn, and accommodate AI both for individuals and organizations.
