Anil Kondla
Last Updated on July 4, 2024 by Team Experts
Artificial intelligence (AI) took the world by storm and has remained a force to reckon with ever since. AI-powered solutions helped businesses redefine their function and process strategies by providing real-life updates. It provides organizations with digital workforce exceptional capabilities.
Since its inception, AI stood alone, but now it is streamlining by branching out with new technologies and applications. With creations like smart devices, computer vision, to AI biometrics, there are several technologies to look forward to. Read on to find out what to watch out for.
What Is Artificial Intelligence?
Artificial intelligence (AI) is a digital computer or controlled robot’s ability to carry out tasks associated with intelligent beings. It is frequently used in developing system projects and has the characteristics of human beings. This includes the ability to learn from past experiences, discover meaning, generalize, and reason.
Artificial Intelligence Technologies To Expect
It is always crucial to choose the right technology. Whether you run a tech-based organization or a sports betting site like dota 2 items, it is essential to know the trends to expect. To this end, we put together a list of the artificial intelligence technologies that will dominate.
Computer Vision
Computer vision deals with how computers can gain high-level understanding from digital images or videos. It is an advanced AI tech that acts as the computer’s eye. It helps different machines interact with and understand the visual world. One key advantage of this tech is that it is more accurate than human vision.
The technology identifies and classifies objects in images, videos, and deep learning without mistakes. It helps businesses improve customer experiences and enhances real-world products and content discovery. Furthermore, computer vision systems carry out monotonous, repetitive tasks at a faster rate, thereby simplifying the entire process.
Quantum Computing
Quantum computing is emerging as a breakthrough in AI, promising unprecedented processing power for complex tasks like optimization and cryptography.
Edge AI
With the rise of IoT devices, AI algorithms are being deployed directly on devices, enabling real-time data processing and decision-making without reliance on cloud services.
Explainable AI (XAI)
As AI becomes more integrated into critical systems, the need for transparency and interpretability grows. XAI aims to provide insights into AI decision-making processes, enhancing trust and accountability.
AI Ethics and Governance
Concerns about bias, privacy, and ethical use of AI have led to the development of frameworks and regulations to ensure responsible AI deployment and mitigate potential risks.
AI in Healthcare
AI is revolutionizing healthcare with applications like predictive analytics, personalized medicine, and medical image analysis, leading to improved diagnostics and patient care.
AI in Finance
In the finance sector, AI is being used for fraud detection, risk assessment, algorithmic trading, and customer service, enhancing efficiency and reducing operational costs.
AI in Education
AI-driven adaptive learning platforms, virtual tutors, and personalized learning experiences are transforming education, catering to individual student needs and improving learning outcomes.
AI in Agriculture
AI-powered drones, sensors, and predictive analytics are optimizing crop management, soil health monitoring, and yield prediction, contributing to sustainable agriculture practices and food security.
AI in Entertainment
AI algorithms are revolutionizing content creation, recommendation systems, and immersive experiences in gaming, streaming services, and digital media, enhancing user engagement and entertainment value.
AI in Climate Change Mitigation
AI technologies are being leveraged to analyze climate data, optimize energy consumption, and develop climate models, aiding in climate change mitigation efforts and sustainability initiatives.
AI Optimized Hardware
There are several upcoming AI devices in the digital world structured to execute specific AI-oriented tasks. These devices have improved central processing units (CPU) and graphics that accelerate the next generation of applications advancements. A good example is AI silicon chips that are insertable into any device.
Companies use the chips when they need to get information. This advanced optimized hardware will influence companies to invest more in artificial intelligence. Also, more organizations will join the likes of Google and Alleviate to generate more AI-optimized hardware.
Biometrics
According to Science Direct, Biometric technologies generally refer to using technology to identify a person based on some aspect of their biology. Fingerprint recognition is the first biometrics tech. Since then, AI has allowed the inclusion of others.
They include face recognition, iris recognition, touch recognition, retina recognition, voice recognition, DNA matching, etc. Biometrics tech is futuristic in that it stands as a bridge for humans and machines to interact. Since it allows the identification and authentication of a person by providing verifiable data, we believe it will continue to dominate this year and beyond.
Cyber Defense
With so many changes taking place in the world, the digital world keeps breaking new grounds. More people keep creating cyber identities, and cybercriminals keep finding ways to perpetuate their crimes. Companies have become the primary target of cybercriminals who constantly steal their information and demand ransom payments.
Cyber defense is all about enabling companies to thwart cyberattacks on the go through cybersecurity. Cyber defense technology will be a key focus. Its AI component makes it easier to detect, prevent, and mitigate attacks and threats to the data infrastructure of organizations.
Smart Devices
Most people cannot live their lives without smart devices anymore. There is more reliance on smart devices, from smartphones to smart heaters, smartwatches, and smart TVs. AI technology-dominated in these devices, and it will continue to do so from all indications.
Artificial intelligence in smart homes converts raw sensor data from the connected smart device into a behavior design relevant to daily life. Smart devices combined with AI learn the homeowner’s routine and predict their experience based on the information gathered.
Text Analytics and NLP
Text analytics means using automated processes to translate large volumes of unstructured texts into quantitative data for uncovering insights, patterns, and trends. Combined with AI technology, it allows companies to understand the story behind their numbers and make better decisions.
NLP stands for Natural Language Processing. It is a branch of artificial intelligence that allows computers to understand, interpret, and manipulate human language. The goal is for computers to understand texts and perform various tasks like grammar checking, translation, or topic classification.
When you combine text analytics with NLP, it becomes easier to understand the meaning, sentiment, intent, and sentence structure using machine learning and statistical methods. The two are mainly used today in fraud detection and security and will be top sellers.
Peer-to-Peer Network (P2P)
A peer-to-peer network (P2P) is a network where two or more PCs share their files and access devices like a printer without requiring a separate server computer or server software. In a way, it is an ad hoc connection.
When it comes to the internet of things (IoT) devices, connectivity is a significant issue. When data gets shared through the connected modes, they get leaked at critical spots. But by using peer-to-peer connections, the connectivity issue gets solved.
AI and Vaccine Development
The world just how valuable artificial intelligence is. When COVID-19 became a global pandemic, infectious diseases scientists and researchers scrambled to find a vaccine. But by March, human tests were already ongoing, largely due to AI technology.
Big pharma used AI models to help their researchers analyze vast data volume on the virus. Machine learning also helped sort through the extensive data and predict the subcomponents that are highly immunogenic. The use of artificial intelligence in vaccine creation would revolutionize future vaccine creations.
Smart Cars and Automated Driving
Lastly, smart cars and autonomous driving experienced increased maturity. More companies tested driverless vehicles and the potential of opening up robotaxi services to the public in different cities. This year, fully automated smart cars will play key roles in the scalability and commercialization of automated vehicles. Once it becomes more common, it has the potential of reducing collisions and burdens on drivers.
Conclusion
Artificial intelligence technologies will continue to dominate the world, and the expansion will go beyond. This year, tech companies will continue to experiment with AI and create more applications to deliver insights. It would also be cost-effective and highly efficient. In summary, artificial intelligence will continue to permeate every aspect of our lives, so acquaint yourself with the techs that will dominate the year.
Also read about: How to Utilize AI For Your Next Project: 3 Tips
