Artificial Intelligence: What does the Future Hold?
Due to their peculiar ability to amaze, captivate, and intimidate at the same time, artificial intelligence (AI) and machine learning (ML) are technologies that should be on everyone’s radar. More than 70% of devices we use in our day-to-day lives use AI-related technologies in some way or another. As the bedrock of the era of automation, connected mobility, and Industry 4.0, AI has been propelling numerous fields, including analytics, agriculture, logistics, construction, robotics, and aerospace. With the global artificial intelligence market anticipated to reach USD 190.61 billion by 2025, it will be exciting to see what future holds for AI and ML. Here we have discussed a few trends that will define our future and revolutionize various sectors as we know.
1. Biotech & Healthcare
In 2021, we will continue using ground-breaking technologies based on AI and deep learning to engineer more effective drugs and treatments. There is no doubt that 2020 was a major crisis for humanity from the perspective of healthcare. However, just think how much worse it would be without artificial intelligence.
According to Bernard Marr, a world-renowned futurist and business strategy consultant, our technological development is the main reason why this pandemic has been much less damaging than the 1918 Spanish Flu outbreak that took more than 50 million lives. Data science was immediately applied to analyze and interpret data about how the virus spreads around the world, and measures were taken.
AI also helps to solve other on-going healthcare issues such as cancer and other diseases. The laboratories and medical centers around the world have adopted AI to develop neoantigen vaccines, improve cancer diagnostics through blood tests, create regulatory T cells, and engineer exosome intelligence platforms based on OMIC technologies for treating rare autoimmune illnesses.
2. Automotive Industry
This didn’t happen because of the pandemic. However, since people have become more and more aware of the environment, cars that don’t harm our planet were destined to be a trend. Outside Japan, Tesla was on everyone’s lips as the most advanced electric car startup. But 2021 started with a Chinese car company NIO introducing their new model of electric vehicles. It can stay without charge much longer and, in the long run, is much cheaper than the Tesla models. The system of autonomous control called Autopilot by Tesla last year was believed to be the best one. It has the most exquisite hardware and millions of sensors. Moreover, Autopilot is based on incredibly complex neural networks and autonomy algorithms that create a detailed model of the ride in real-time. Well, guess what? Neo promises that their autopilot is better. ET7 is their first model yet, so we still need to see, but NIO has already become the best Chinese producer of electric cars on the New York Stock Exchange.
3. Cyber-Security
Many experts say that 2021 will be the year when we will finally use artificial intelligence, in particular — AIOps — for preventive cybersecurity. One of these people is Daniel Newman, a founding partner and Principal Analyst of Futurum Research.
With the shift to remote work, protecting the privacy of data on unsecured devices has become one of the most critical issues. The artificial intelligence of IT operations is a multi-layered system that uses smart machine learning algorithms and analyzes big data so that it can automatically spot and react to issues in real-time while still providing traditional historical analytics. It allows reducing the amount of manual work, which is particularly important now when the IT environment is exceeding the human scale. By automating cybersecurity, you increase quality and issue resolution speed.
Last year, some of the top providers of the AIOps platforms showed that they are actively working in this direction, adopting better and better tools. IBM launched IBM Watson AIOps that offers tools for automating how enterprises self-detect, diagnose, and respond to IT anomalies in real-time. At the end of the year, they also acquired Instana, which is a startup that works on applications for security and monitoring.
4. Voice and Language Driven intelligence
Particularly in customer care centres, the increase in remote working has driven a great opportunity to adopt NLP or ASR (automated speech recognition) capabilities. Less than 5% of all customer contacts are routinely checked for quality feedback according to ISG’s Butterfield. Due to the lack of one-on-one coaching, organisations can use artificial intelligence to complete routine quality checks on customer understanding and intent to ensure continued compliance. After reading these top powerful AI trends for 2021, you must be enticed to learn more about this technology. For that, all you need to do is check out the Post Graduate Program in Artificial Intelligence & Machine Learning and sign up for a world-class AI program by one of the top universities in the US for MS.
This program, famously known as the PGP-AIML, is one of the best AI courses in the US. It has given a professional direction to a lot of learners across the globe. You get to interact with mentors in the AI industry during the program and so much more. Feel free to leave your queries in the comments below and our team will get back to you.
5. Home Automation
Artificial intelligence (AI), also becoming a powerful presence in technology, has been swiftly dominating the home automation market. AI allows us to integrate smart solutions into our everyday tasks. Not only is AI creating solutions to common everyday problems, but it also making life simpler for everyone. Its presence in home automation allows us to control our appliances, secure our homes, and even limit our expenses. The ultimate goal of home automation is to limit the need for human involvement. With AI, this goal is well within reach. In the future, AI integration will likely be available on nearly every home device. Once linked, smart devices can respond remotely to a user’s voice commands or to a pre-programmed AI command. AIs can be taught when to activate or deactivate a specific device, like a heater or a fan. These types of solutions do exist today and will only become more intelligent in the future.
Conclusion:
In the next decade, AI will continue to grow and develop, bringing more possibilities to improve people’s lives and make businesses more efficient. Which other trends deserve to be mentioned in the list of trends? Here are some of the options:
- AI-enabled chips
- Conversational AI
- Computer vision
- Robotic Process Automation (RPA)
- AI for the Internet of Things
- Quantum AI
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