Global spending on cognitive and AI systems will reach $57.6 billion in 2021, as per different industries’ market share.
Looking ahead at 2020, enterprises become laser-focused on AI value and leap out of experimentation mode, and ground themselves in reality to accelerate adoption.
Here are the top 10 trends in AI that are likely to continue or emerge in the year 2020: , oo
Monitoring and Refining Business Processes:
AI-first robots were mainly involved in automating manual tasks in manufacturing and production lines but nowadays, thanks to the eruption of AI technology, software-based robots are taking on not only the repetitive tasks but have also taken on the computer-generated tasks such as filling in forms, generating reports and diagrams and producing documentation, and instructions.
This automation is known as Robot Process Automation, which will free up enterprises from m the drudgery of time-consuming but essential administrative work, leaving us to spend more time on complex, strategic, creative and interpersonal tasks.
Personalization will take place in real-time:
One of the most popular trends in AI that is going to disrupt the upcoming year is personalization that has already been driven by big giants such as Amazon, Alibaba, and Google. The personalization trend in AI allows the provider of goods and services to quickly and accurately project a 360-degree view of the products in real-time as they interact through online portals and mobile apps.
This trend in AI has been rolling out soon to aim for personalized customer experience at scale.
AI in Data Accuracy
For enterprises, it is always important to focus on the quality of the data before taking the final decision. AI-driven automated decision making has improvised the accuracy of data over recent years.
AI-driven technology and methods have been working on the simulations of data where enterprises are working on data accuracy to assimilate in the digital year 2020.
For instance: There are many car manufacturers that have been working on the development of autonomous vehicles that can gain thousands of hours of driving data without vehicles leaving the lab, leading to a huge drop in cost as well as increases in the quality of data that can be gathered.
This will increase the accuracy and availability of real-world simulations, which in turn will lead to more powerful and accurate AI.
More devices will run on AI-powered technology:
Another major trend that can be foreseen in the year 2020 is the urge to deploy AI-enabled devices in the majority of industry sectors. There will be an increase in the number of tools and gadgets as seen by the last year 2019 where AI-powered devices have shaped the digital market.
In 2020, there will be a significant drop in the prices of hardware and software as you will see the embedment of AI-enabled devices in vehicles, household appliances, and workplace tools.
This has been augmented by technology such as Virtual and Augmented Reality Displays, and paradigms such as Cloud and Internet of Things, 2020 will witness more of such devices.
The Cooperation among Human and AI will increase:
Most of you must have the idea of working alongside AI-powered tools and bots in your day-to-day working life. There will be an increase in the number of tools that allow you to make the most of your human skills, which AI can’t manage such as imaginative, design, strategy, and communication skills.
These AI-enabled tools can be augmented with super-fast analytics abilities fed by the large datasets that are updated in real-time.
This trend will become more evident in 2020 as there will be an increase in the investment of AI tools and training to abridge the gap between humans and AI.
AI taking the edge:
AI has been increasingly taking the edge as you are used to interacting with AI in your day-to-day lives while you search on the go with Google or you go through Netflix recommendations, the complex data-driven algorithms run on high-processed processors inside remote data centres, with the devices in our hands or on your desktops simply acting as conduits for information to pass through.
As AI algorithms become more efficient, AI is taking place at the edge close to the point where data is gathered and used, capable of running on low-powered devices.
This paradigm will continue to become more popular in 2020 and beyond with custom processors designed to carry out real-time analytics even if you have patchy or non-existent internet conditions.
AI impacting Media & Entertainment Industries:
The influence of AI on entertainment and media industries is about to rise in 2020 as you must have seen the current state of the art in AI-generated music, poetry, and storytelling in the year 2019, where most of the sophisticated machines still have some way to go until their output will be as enjoyable to us as the best that humans can produce.
For virtual reality games, AI will continue to create a challenging human-like experience with human-like opponents and dynamically adjustable gameplay that can increase the difficulty level to offer a compelling challenge for gamers of all skill levels.
AI in cybersecurity:
With the increase in the number of cyberattacks such as hacking, phishing, and social engineering attacks, AI advanced prediction algorithms and smart technology play an important role in protecting us from various nefarious attacks in our day-to-day lives.
The roll-out of 5G and wireless communication technology will play a huge part in bringing opportunities for businesses to provide services in innovative ways that will open more doors for cybersecurity attacks.
Hence, there will be a huge estimate of the spending of cybersecurity for businesses in the upcoming years.
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Interactions with AI will continue to rise:
This trend in AI will raise the interactions with AI in natural language powered chatbots in customer service. With the advent of deep learning and semi-supervised models of machine learning such as reinforcement learning, the algorithms will try and match up speech patterns and infer meaning from our natural human language.
2020 could be the year where you will be interacting with customer service chatbots without even realizing that you are communicating through customer service bots.
Recognition of AI at a larger pace:
The recognition of AI can be at a larger pace starting from 2020, as the roll-out of facial recognition technology is going to intensify as we move to the next decade. It’s not just in China, but it has been implemented all over the world as countries have been finding ways of making facial recognition, a compulsion for accessing services like communication networks and public transport.
In 2020, there will be an increase in security and convenience as people will begin to accept this intrusion into their lives.
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So, these are the top 10 AI trends that have the potential to revamp the world in 2020. Still, there is a scope of improvement in the stated trends that could change the way enterprises function. There is much more to add to this.
You can look forward and connect to Expert Developers who can help you with your next business app based on machine learning and artificial intelligence.
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