AI Trend and How it is Influencing our Lives

The AI craze started in 2018 and became the most trending buzzword. Since then, AI or artificial intelligence has been influencing our day-to-day lives in some way or the other. AI is no more a scene for a science fiction movie where robots take over the human civilization. AI has got smoothly integrated into our daily lives. From smartphones to voice recognition devices, there is a little bit of AI in everything that you see around yourself. Here are some of the top AI trends that we saw in 2019 and how they are going to influence our lives in 2020 and beyond.

Humanizing chatbots

Chatbots are no more a surprise. Businesses have integrated chatbots to ease their customer interaction. However, in 2019 the AI-enabled chatbots became more humane and more sophisticated. Many businesses are leveraging the power of deep learning to make the chatbots more humanized. In 2020 and way beyond, we can expect to see and experience more real-life like sophisticated AI with a human face like virtual chatbots that would interact with us in real-time. With more vocabulary and natural speech, these interactions will become more humanoid in the coming days.

Speech recognition is the new normal

Speech recognition is common now – the presence of Alexa and Siri at almost every household is a testimonial to that. The days are not far away when AI-enabled speech and voice recognition would make your online shopping a breeze, check weather, or just browse the web for information.

Digital health technology

While some of the obvious usages of AI can be seen easily, AI is also making tremendous progress in digital health technology. Since most of the benefits are behind the scenes and we don’t see them, but AI is actually leveraging the principle of ‘prevention is better than cure’ and thus identifying potential health risks in patients. The coming days will see how AI helps to emulate human cognition to analyse the complicated medical data.

AI and cybersecurity

The sophistication of cybersecurity is increasing at a steady pace with the advent of new technologies. Hence, in the coming years, AI is going to play a positive and significant role in managing cybersecurity and preventing threats from cyber-attacks while machine learning can be used to easily identify security breaches.

Artificial Intelligence in 2020: According to Forrester’s survey

53% of global data and analytics decision-makers say they have implemented, are in the process of implementing, or are expanding or upgrading their implementation of some form of artificial intelligence.

29% of global developers have worked on AI/machine learning (ML) software in the past year.

54% of global mobility decision-makers say that their firms are implementing edge computing flexibility to handle present and future AI demands is one of the biggest benefits they anticipate with edge computing.

16% of global B2C marketing decision-makers planned to increase spending on data and analytics technologies, including AI, by 10% or more this year.

In a separate prediction done by IDC, it is said that by 2025, AI will be everywhere. It further says that by 2025, at least 90% of new enterprise application releases will include embedded AI functionality. With the above data in hand, Forrester has made a few predictions for 2020.

These include

25% of Fortune 500 companies will have artificial intelligence in their RPA to build hundreds of new use cases.

The IDC has predicted that 75% of organizations will leverage automation in technology harnessing the power of AI-enabled software and brining innovation by 2024.

Predictions say that by 2025, 50% of computer vision and speech recognition models will run on the edge while by 2023, nearly 20% of servers that process AI workloads using AI-optimized processors and co-processors will be deployed at the edge.

Experts also predict that by 2020, senior executives who are serious about AI will ensure that their respective organizations have a strong data science team with access to all kinds of data. However, it would be interesting to see how they tap the data sources.

It is said that for AI to have a further positive impact, it needs to get further integrated with other technologies like Blockchain and IoT.  With so much so happening in AI, we are all set to witness how AI is going to disrupt the technology space in the coming years and influence our day-to-day lives.

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