Artificial intelligence is one of the most intriguing domains you’ll ever witness as it promises transformational changes to every industry vertical across the globe. Pandemic or not, AI continues to rapidly grow and has its applications in every industry domain.
Research conducted by Statista revealed that the global artificial intelligence (AI) software market is forecast to grow rapidly in the coming years, reaching around 126 billion U.S. dollars by 2025.
With this explosive growth taking place, there will be new trends happening periodically.
Read through this blog to understand the top AI trends that’ll shake up a lot of arenas in 2022 and beyond so that you can use this information to re-invent your business strategies and priorities.
#1 HealthCare and AI – The next big thing in the pandemic era
Even before the pandemic situation happened, AI, specifically Machine Learning, had caused a lot of movement in almost every industry. As covid hit the entire world, there has been a major increase in the need to urgently analyze and interpret data based on the cause of the virus across the world and the numbers surrounding this. Many organizations were on the lookout for powerful tools that would help them collect and aggregate the right data to deal with the outbreak. This is one of the reasons we have been able to fight the pandemic as compared to the Spanish flu that happened during the time of 1918-1920 which claimed up to fifty million lives. Now the data is so accurate that we won’t miss out on any information and hospitals are more equipped with relevant infrastructure. The coming years will witness AI being the central part of the technological developments that empower several sectors to deal with the pandemic in the most effective way. Using AI tools, the various data research teams will get smarter insights from big data analytics and will be able to predict a pandemic around the corner even before they appear. The self-teaching algorithms and smart machines will be at the forefront of defending against the pandemic.
#2 AI and Cloud Integration – A match made in heaven
Artificial Intelligence will play a critical role in the wide adoption of Cloud Solutions in 2022. With the advent of AI-enabled Cloud, you will now be able to monitor and manage cloud resources and even gain access to huge data sets associated with it easily. AI is highly efficient in managing Cloud computing challenges as it can use Machine Learning to optimize data and hence the cloud capabilities. It will be a win-win situation for both parties in the coming year. While the cloud computing systems will help AI systems to scale up, AI on the other hand will help them automate the tasks of data analysis without the need for any human intervention. It will find out the various patterns and trends in the data sets and provide better data management. This would enable IT teams to focus more on the strategy side while AI will take care of the data side.
So watch out for any possibilities of Cloud technologies implementing AI-related products.
#3 The Rise of AIOps
There is a huge uptrend of AI analyzing large amounts of data. AIOps which is very similar to DevOps brings together data and AI to analyze unstructured data. With this trend coming in place, there is a massive opportunity for AIOps as they will make a world of difference in bringing a structure to their key processes. More and more organizations will use RPA, Machine Learning and NLP to automate manual tasks. The only weakness that RPA faced before was these unstructured data. Now, AI mitigates those issues and provides a more refined output.
#4 Conversational AI is about to take off
There will be a boom in Conversational AI solutions like chatbots as more and more companies realize it’s essential for their success. Right now there are so many state-of-the-art chatbots and NLP applications being used by enterprises. It’s not uncommon even for us when it comes to chatbots. Chances are we may not even realize we just had a conversation with a chatbot rather than a person because it is so optimized according to user preference these days. According to a study conducted by Aalen University named ‘Conversational business study 2020‘, 47 per cent of survey respondents have already interacted with a chatbot. Many call centres now rely on chatbots to assess customer satisfaction. Hence Conversation AI is a universe that will be discovered more and more in the upcoming years.
#5 AI in the IT industry
According to technology experts, the IT industry will witness large scale adoption of AI tools in enterprises. IT organizations, in particular, face a competitive environment and the pressure to stay nimble and is more than ever before due to surging complexities and innovations now and then. This is why IT is placing AI technologies at their forefront. According to a study conducted by IDC, it reveals that global spending on AI systems will reach $57.6 billion by 2021. Deep Learning and Machine Learning play a pivotal role here in creating many AI-based IT applications. Already AI was being used in services related to QA and automation and now they will play a huge role in Software and Application testing, service desk queries and even the software development cycle!
# 6 AI and Cyber Security
AI is about to help companies enter a new age of cybersecurity. As technologies are evolving, it is making many organizations even more vulnerable to security threats. Hence they are finding solutions to prevent these threats from happening. Last year several high profile cyber-attacks happened that encouraged many organizations to tighten their cybersecurity even further. According to a survey conducted by Marsh & McLennan, 79% of global executives rank risk management of cyber threats and attacks as one of their organization’s highest priorities. Machine Learning offers insights into these security breaches even before they are happening and thus has been a personal favourite of many organizations and therefore will be part of the risk management initiatives shortly and beyond.
So what do you think of these trends? Is there anything you would like to add to the list? Please feel free to let us know in the comments!
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