Artificial Intelligence is indeed the hottest technological term in the 21st century due to its smart functionalities across the world. Each industry has started adopting this major disruptive technology through AI models to transform real-time data into insights as well as an automated workforce. Machine learning algorithms are very complex to understand for partners and stakeholders in any organization. Multiple Artificial Intelligence trends are coming up in the nearby future to surprise society with its capabilities. As of now, the global market of Artificial Intelligence is expected to reach US$299.64 billion in 2026 with a CAGR of 35.6%. Let's look at some of the popular Artificial Intelligence trends in 2021 through this article.
The advent of the coronavirus pandemic at the end of 2019 has forced organizations to continue productivity from the work-from-home mode for more than one year. Even when the pandemic is still ongoing, employees are allowed in office premises after full vaccination. Thus, voice-driven Artificial Intelligence is helping to adopt the safety protocols of the pandemic to reduce multiple touch-based technologies. Employees need to give orders through voice to continue the productivity efficiently in the workplace.
Retail shops and industries have experienced a massive shift from traditional marketing processes into a digital model. Martech is emerging through several wearable devices, IoT, website analytics tools, and many more for collecting enormous volumes of complex real-time data sets. These AI models and machine learning algorithms in martech help in understanding customer behavior and generating higher customer engagement, despite being in unprecedented times.
It is expected that the global pandemic will continue for more than two years. Thus, the invention of conversational AI has become of the hottest Artificial Intelligence trends in 2021. It includes chatbots, personal assistants, and filters that are becoming essential for continuing business in this difficult time. It helps to boost client encounters, queries, problems, and feedback while maintaining a safe distance. It also helps to provide hyper-personalization services to customers with unique and different solutions for each query.
AIoT is a combination of Artificial Intelligence and IoT that is energizing companies to reach the ultimate level of success in this cut-throat competitive market. This deadly combination provides a more intelligent decision-making system, right and relatable in-depth insights, budget allocation, and many more. It boosts human-machine interaction in industries with efficient data management and operations. It is expected that AIoT is becoming the future of Industry 4.0 and one of the popular Artificial Intelligence trends.
Multi-modal learning is one of the rising Artificial Intelligence trends in 2021 where AI is improving in supporting multiple modalities in one machine learning algorithm-based model like IoT sensor, speech, text, machine vision, optical character recognition, and so on. Multiple innovative ways are emerging to blend modalities to enhance regular tasks such as document understanding, especially in the healthcare industry.
There is a massive demand for hardware technology to keep up with the constant innovations of modern cutting-edge technologies with Artificial Intelligence and machine learning algorithms. Multiple reputed companies are in the race of launching the smartest AI chips in the global tech market. AI chips offer multiple smart activities with machine learning, computer vision, NLP, facial recognition, and many more. But these activities need to manage at a high-end processing speed more than classical CPUs. The introduction of these AI chips is one of the popular Artificial Intelligence trends in 2021 because AI chips enhance the speed, agility, and performance of all AI models with detailed predictive analytics.
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