There is hardly any industry that is working today without adopting smart machines and models, which are not built-in with artificial intelligence all around the globe.
Companies these days are embracing the superb functionalities of artificial intelligence and machine learning algorithms to increase their productivity as well as ascertain higher customer engagement.
Today you can come across a lot of people taking advantage of these smart machines in their homes to align with this rapidly changing life in the tech-powered era.
In all, artificial intelligence has tremendous scope in the future to improve the living standard of society.
Plus, the latest trends in the Artificial Intelligence arena are motivating firms as well as people around us to wait for new artificial intelligence innovations ahead.
The artificial intelligence market size is likely to touch US$266.92 bln by 2027, with a CAGR of 33.2%.
Following are the top 10 AI trends in 2021 to know what’s in store for you in near future.
Top 10 Artificial Intelligence Trends you must know in 2021
- . Ethical AI
Some world-renowned companies, for example, Microsoft, Google, Facebook, Apple and many other leading tech organizations are busy developing ethical AI so they can abide by an ethical framework with four fundamental principles for effective data governance including accountability, fairness, transparency well to explainability.
Currently, this is one of the most famous Artificial Intelligence (AI) trends in 2021 for allowing stakeholders to take an inside look into its own system. These companies are starting multiple programmes and research work to motivate other firms to embrace ethical AI with customized strategies, based on their business’s needs.
- . Explainable AI
As part of ethical AI, Explainable AI explains how the Artificial Intelligence (AI) models and machine learning (ML) algorithms are functioning inside to come up with the most appropriate and meaningful business insight to forecast the future.
Organizations harnessing the disruptive technologies need to be fully transparent to stakeholders with a complete explanation. But it’s causing controversy since firms are not willing to divulge all their processes and steps to the general public considering the patent purposes in a highly competitive market.
- . Predictive Analytics
Predictive analytics allow all sizes of firms to find out the trends of consumers so that they can better understand consumer behaviour in the existing scenario.
It predicts all possible responses from the target audience with customized data, being stored for long. The progress in AI and ML algorithms are helping with more precise predictions and insights to uphold better customer engagement and achieve greater return on investment (ROI) from the world market.
- . Emotional AI
In 2021, if you are looking to use a technology that can learn, sense, and interact with multiple human emotions, Emotional AI could help you with that.
This may be the most famous AI trend in 2021. Also recognized as effective computing, the technology helps augment human-robot communication to a whole new level.
It can understand consumer behaviour through verbal as well as non-verbal signals.
Leveraging Emotional AI, Chatbots and cameras will first study the reactions to some products, contents and services and then identify different types of human emotions.
This progress in AI will have an immense scope in the retail industry in the long run.
- . AI with AR and VR
Virtual Reality and Augmented Reality have already been offering immersive experiences to industries as well as consumers around the globe for the past few years.
The blend of these three disruptive technologies – Artificial Intelligence, Augmented Reality and Virtual Reality has been revolutionizing the world with its superb functionalities.
The trio has already been transforming the relationship between companies and customers by helping them with additional customization and personalization of services as well as products to cater to the needs of each customer.
- . AI in Robotics
Robotics has captured industries with its great functionalities in the best possible manner across the globe.
The existence of AI in Robotics solutions make robots intelligent and smarter like never before. It’s a robust mélange to augment customer service economically.
Robots can successfully perform proper surgeries, dance, protect employees from unfavourable environments and several other tasks by utilizing AI into RPA.
- . AI in Cybersecurity
In the past few years, there has been a data explosion in the data-driven world.
As a result, firms find it tough to keep the sets protected from pernicious hackers.
The use of AI in cybersecurity helps in providing more powerful and advanced defence against malicious cyberattacks such as ransomware, phishing, virus and so on.
AI ensures to instantly find out any strange activity in the currently available systems and send an alert to the employees as early as possible. Thus, if AI is integrated into cybersecurity, hackers and frauds will not be able to enter any system.
AI helps in augmenting cybersecurity across intelligent code analysis and configuration analysis by tightly and carefully monitoring all the activities made today.
- . AI in Computer Vision
When AI is integrated into Computer vision, it can transform current computer systems into smart computers performing analysis of human movements and posture, keeping track of vehicles and humans for data collection as well as for law enforcement officers, performing analysis of videos using high-end CCTVs, facial recognition of the required person, digging out varying levels of diseases and finding objects for autonomous vehicles.
- . AI in IT
Understanding the AI’s importance, the IT sector embraced its functionalities during the corona virus. Since it has hit the IT sector, it has not only revolutionized the way this sector worked but also helped efficiently increase productivity.
AI, thus, not only helps in keeping the sensitive data protected from possible data breaches and threats but even helps programmers to write better code by resolving software bugs, overpowering the tedious, repetitive and boring back-end tasks, recognizing and forecasting intricate issues, ascertaining the quality of services and products and support without the need for any human intervention.
- . AI in IoT
AI immensely impacts IoT (Internet of Things) through the 5G network. When it is embraced by IoT, it helps smart devices including virtual assistance, wearable devices, refrigerators, etc. to perform data analysis and make smart decisions, depending upon the stored data without the need for any human intervention.
It optimizes a system and boosts performance to satiate the needs of the target audience.
After reading the article about the top 10 artificial intelligence trends in 2021, we hope that you would like to know more about the best artificial intelligence consultant that can help you through.
If you have any questions about how to implement AI in your company, we would be happy to answer them in the comment section below.