The artificial intelligence (AI) and machine learning (ML) industry has been growing for the last few years. Today, almost everyone is familiar with the buzzwords. However, even though there is a huge room for growth in the two fields, AI and ML have made their way into our everyday lives. According to research, around 77% of the devices used today have AI built into them. Netflix recommendations, Google Home, and Amazon Alexa are examples of AI tech that we seem to ignore madly. The world can expect artificial intelligence and machine learning in 2021 to follow a similar growth trajectory.
The demand for artificial intelligence and machine learning in 2021 is going to be higher than today. As surgical robots and virtual nurses are born, the world experiences a whole new realm of opportunities. As the benefits of the two sectors increase, researchers expect more companies to employ AI solutions in their infrastructure. According to a KPMG survey of the Global 500 companies, most presented that their investments in AI will increase 50 – 100 percent in the next few years.
What to expect from Artificial Intelligence and Machine Learning in 2021?
Examining what we can expect the future to hold for AI and ML:
Generally, people do not trust AI. Whether it is in business plans or general household use, AI systems tend to face trust issues. Therefore, people expect future AI to be more transparent to understand what is going on. It will increase the customer base for the technology and give it a push for large scale development projects.
While the algorithms will improve and learn independently, the software providers will have to explain everything and make the sophisticated code more understandable by the users. Basically, explain the technical jargon in layman terms. This will also increase accountability, so every line of code will have to be perfect.
You can also expect artificial intelligence and machine learning to cover their way into the data security field. Data protection is becoming critical today, especially since hacking attempts have drastically gone up. According to statistics, there are 39 hacking attempts every second, making it extremely important to employ appropriate measures to prevent theft or misuse.
Today, companies tend to backup large amounts of their private data onto the cloud. Professionals expect this to become a major risk for 70% of the organizations by 2021.
Many companies are employing artificial intelligence in cybersecurity for more timely and accurate identification of threats. These models can look for vulnerabilities in your system and employ appropriate protocols before the hackers can do any major damage.
AI and IoT
AI and IoT when go together can open a new dimension to the technology available today. While IoT devices on their own are pretty popular today, integrating them with AI or ML can further improve their functionality and efficiency. You can consider IoT as a nervous system, whereas AI is the brain. Through learning, AI algorithms can make sure devices smarter, allowing them to communicate with humans in a much more effective way. According to Gartner, by 2022, around 80% of IoT projects will have AI incorporated into them. Therefore, it can expect the integration of a major portion of artificial intelligence and machine learning in 2021.
Augmented intelligence can bring humans and technology even closer. It gathers the best of both worlds, allowing companies to improve their efficiency and effectiveness. It can also help improve the performance of the workforce. Artificial intelligence augmentation is expected to grow in the coming years. For example, according to Gartner, 40% of operation and infrastructure teams will have AI incorporated into their framework by 2023. This technology will help improve analytics and increase productivity. Further, it will also lead to a better future for the company, in terms of profits and reduced cost.
Currently, artificial intelligence is also being employed in facial recognition algorithms. Facial recognition is being used in several different sectors, including ID checking, security checks, healthcare, logistics, etc. AI in facial recognition is expected to increase in the future to enhance its capabilities and devise a more accurate and efficient system.
Artificial intelligence and machine learning are going to be a huge contributor to the technological world of tomorrow. Numerous advancements have been made in the tech world thanks to the advanced AI and ML algorithms. Artificial intelligence and machine learning in 2021 will be following the same path.
Several processes in various sectors will be AI-controlled. This improves efficiency and productivity, as well. AI also reduces the number of workers required to do a task, allowing companies to invest their resources into something that can yield better results. Overall, if you are in the IT industry and have an interest in AI, it is definitely tomorrow’s field. The job market will boom, and most organizations will incorporate it into their infrastructure in the coming years.