It is very difficult to find out one industry, that has not adopted smart machines and models, integrated with Artificial Intelligence across the world. The world has embraced the amazing functionalities of Artificial Intelligence and machine learning algorithms to boost productivity as well as ensure higher customer engagement. People are using these smart machines, even in their homes to adjust to this fast-paced life in the tech-driven era. Indeed, there is an immense scope of Artificial Intelligence in the upcoming years to enhance the standard of living of society. The Artificial Intelligence market size is expected to reach US$266.92 billion by 2027, with a CAGR of 33.2%. Artificial Intelligence trends are instigating organisations as well as common people to wait for further new AI innovations. Hence, let's take a glimpse at the top 10 Artificial Intelligence trends in 2021 to know what is waiting for us in the nearby future.
Top 10 Artificial Intelligence Trends you must know in 2021
Some reputed companies such as Google, Microsoft, Apple, Facebook and other tech giants are building ethical AI to follow an ethical framework with four essential principles for effective data governance— fairness, accountability, transparency well to explainability. This is currently the most popular Artificial Intelligence trend in 2021 for providing the inside look into its own system to stakeholders. These companies are initiating multiple programmes and research to encourage other companies to adopt ethical AI with personalised strategies as per the requirements of a business.
Explainable AI is a part of ethical AI that provides a complete explanation of how the Artificial Intelligence models and machine learning algorithms are working inside to generate the appropriate meaningful business insights and predict the future. Companies leveraging disruptive technologies are required to maintain transparency to stakeholders with a full explanation. But it is creating controversy because companies do not want to disclose all their steps and processes to the public for patent purposes in a cut-throat competitive market.
Predictive analytics enables all kinds of businesses to identify the trends of consumers for a better understanding of consumer behaviour in the current scenario. It predicts all potential responses from the target audience by employing personalised data that are collected for a long time. The advancement in Artificial Intelligence and machine learning algorithms are providing more accurate predictions and insights to maintain better customer engagement and gain higher ROI from the global market.
Emotional AI, is one of the most popular Artificial Intelligence trends in 2021because this technology can sense, learn and interact with multiple human emotions. It is also known as affective computing that enhances human-robot communication to a whole new level. Emotional AI can understand consumer behaviour through verbal as well as non-verbal signals. Hi-tech cameras and Chatbots can easily detect various types of human emotions by studying the reactions to certain contents, products and services. This advancement in Artificial Intelligence has an immense scope in the retail industry in the nearby future.
Augmented Reality and Virtual reality are already providing immersive experiences to consumers as well as industries all around the world in these recent years. The combination of these three disruptive technologies- Artificial Intelligence, Augmented Reality and Virtual Reality has the potential to revolutionise the world with its amazing functionalities. The trio has already started to transform the relationship between customers and companies by providing extra personalisation and customisation of products and services to meet the needs and wants of each customer.
Robotics is taking over industries with its useful functionalities in every possible way around the world. There is a common presence of Artificial Intelligence in Robotics solutions that makes robots smarter and intelligent like never before. It is, indeed, a powerful combination to enhance customer service cost-effectively. Robots can perform successful surgeries, dance, protect employees from harmful environments and many more activities by leveraging Artificial Intelligence into RPA.
The data-driven world has created a data explosion in these recent years that is difficult for organisations to protect the sets from malicious hackers. The integration of Artificial Intelligence in cybersecurity has created more advanced and powerful defence against harmful cyberattacks like phishing, ransomware, virus and so on. AI can instantly detect any unusual activity in the existing systems and alert the employees as soon as possible. It is making it more difficult for hackers and frauds to enter any system. Artificial Intelligence enhances cybersecurity through intelligent code analysis and configuration analysis with activity monitoring.
The integration of Artificial Intelligence, in Computer Vision, has transformed existing computer systems into smart computers with the following functionalities— analysing human posture and movements, tracking humans and vehicles for collecting data as well as for law enforcement officers, analysing videos with the help of hi-tech CCTVs, facial recognition of the needed person, detecting different levels of diseases as well as identifying objects for autonomous vehicles.
The IT sector has embraced the functionalities of Artificial Intelligence amidst the ongoing coronavirus pandemic. It is continuously revolutionising the IT sector and helping in boosting productivity efficiently. Artificial Intelligence is providing the utmost security to protect the confidential data from potential threats and data breaches, helping programmers in writing better code by overcoming software bugs, taking over the boring, tedious and repetitive back-end duties, identifying and predicting complex problems, assuring the quality of products and services and much more assistance without any human intervention.
Artificial Intelligence, has a tremendous scope in IoT (Internet of Things) with the help of 5G network. The implementation of Artificial Intelligence into IoT can help smart devices such as wearable devices, virtual assistance, refrigerators, etc. to analyse data and make smart decisions efficiently based on the collected data without any human intervention. It is used to optimise a system and enhance performance to meet the needs and wants of the target audience.
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