Artificial intelligence (AI) is one of the most innovative, game-changing technologies and industries around today. From intelligent machine translation to neural network processing chatbots, AI continues to shift how the world moves. A few artificial intelligence stats to dig deeper into include:
- The global AI market is predicted to reach $267 billion by 2027
- Growth of AI in businesses grew by 270 percent in the last four years
- 90 percent of leading businesses have invested in artificial intelligence
- 62 percent of consumers are willing to use AI to improve interactions with businesses
- Over 50 percent of businesses agree that AI has boosted productivity
- 15 percent of customer service will be powered by AI by 2021
The shifts that artificial intelligence causes often come from AI trends. Each year new AI trends come to fruition, ushering in a new technology, or new solution to an outside industry problem. It is essentially like chatbots every year.
For instance, a company can now enhance AI machine learning processes by implementing structured news datasets via news API. This innovation is great, and much needed in the fast-paced digital age we live in and navigate.
What can we expect to see in 2021 when it comes to AI? There may not be too many new solutions, but potentially advancements in already established artificial intelligence across multiple industries. Let’s take a closer look.
1. More AI Integration Within Healthcare
Accuracy in healthcare is critical for clinicians and patients, and more artificial intelligence integration aims to improve just that. Healthcare workflows with AI integration will also be more cost effective.
Artificial intelligence can retrieve and compile patient data in real-time across multiple hospitals and clinics. This will impact electronic health records (EHRs), and help doctors, nurses, and other healthcare professionals analyze patient information and data faster.
According to an article published in the Future Healthcare Journal (2019), “We believe that AI has an important role to play in the healthcare offerings of the future. In the form of machine learning, it is the primary capability behind the development of precision medicine, widely agreed to be a sorely needed advance in care.”
2. Neural Networks Will Be Improved in 2021
The growth of neural networks via AI allows companies, institutions, and governments greater access to human-like performances. The accuracy that comes with more innovative neural network architectures will create better deepfakes and greater advancements in images and videos humans can not detect.
However, advancements in neural networks comes with great responsibility and ethics. For instance, governments worldwide have already implemented AI neural network surveillance, causing privacy concerns among citizens.
3. Artificial Intelligence Automation At Scale
The growth of automation is no surprise. The ability for tasks to be automated has helped streamline businesses, institutions, and governments. AI automation will be going a step further in 2021 with more emphasis on AI development within artificial intelligence itself.
What does this mean exactly? Artificial intelligence models will be improved using AI. This includes development, management, and operations for AI models. This will scale the use of AI within businesses.
4. The Manufacturing Industry Will Be Impacted
An automated and more productive manufacturing line can have a major impact on the overall manufacturing industry. Utilizing artificial intelligence, manufacturers will be able to control product quality more effectively and efficiently. This is an essential innovation for mass product manufacturers.
Workflows within the manufacturing industry will certainly be disrupted in a positive way. The processes remain the same, but the enhancement of the processes themselves via AI will shift. For instance, the pick, pack, ship model of manufacturing will be done on a greater scale by AI powered robotics.
5. AI Can Revamp Drug Development
Drug development is a major issue at the moment as the COVID pandemic continues to impact daily life for the entire world. Having the ability to create and develop drugs faster can greatly impact quality of life as we enter 2021.
The ability to utilize artificial intelligence to create and develop drugs at scale can also reduce the costs of drugs for the end user. This can shift drug costs and make accessibility a top priority.
Wrapping Up . . .
The above AI trends that we will see in 2021 are just the tip of the iceberg. They are what is known, but don’t be surprised if new innovations come to light as we move toward mid-year. Artificial intelligence is a technology and industry poised to create solutions that will impact nearly every part of daily life. What AI trends are you excited about?