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Many of today’s businesses have started adopting artificial intelligence (AI) to thrive in the competitive industry.
Due to the coronavirus outbreak in 2020, we’ve all seen drastic changes in the way we work and live. Despite the havoc caused by the pandemic, AI and machine learning have helped industries make rapid advancements in maximizing the uses of technology in business.
As both technologies keep a strong foothold in almost every industry, it is believed that the world will see certain trends we can expect.
Let us delve deeper and discuss the top AI trends of 2021:
- Healthcare – strong reliability of AI
Perhaps we all have experienced how AI added its value in the past year, while the world was undergoing a pandemic attack. From detecting the spread of the virus to detecting the most probable areas of the spread and helping make diagnoses, AI played a significant role.
Although regulatory warnings were given, AI is already revolutionizing the healthcare sector.
If we talk in brief, the technology made rapid advancements in helping reduce administrative complexity to scanning x-rays and MRIs to gain better results. This technology change proved beneficial in communities that lacked resources and staff.
Not to mention, automation pulled off as a great deal in projecting its way into developments like vaccines and drugs. All in all, we could say, the way AlphaFold is predicting how protein folds is another development worth the watch.
- Chip Deals making a way forward
Despite the intention of the government going slow in stopping deals due to political reasons, it does not seem that the trend is going to slow down. Even in 2021, we will continue to see chip deals taking place full swing.
Although there might be slight changes in the way small-sized or mid-sized companies are making deals, the larger corporations will not budge.
- AI chips – the next frontier in the In-cloud AI race
Giant companies like Arm, Intel, and NVIDIA have been at the forefront when it comes to AI chips. Although multiple competitors are seen in the industry, market domination within this sector could not be deciphered so far. However, the emergence of cloud computing and advancements in AI made in the past five to ten years have drastically changed the players in the field. As a result, they’re all looking to get into competition against their biggest customers i.e. Cryptographic Service Provider (CSP). Thus, moving toward cloud AI dominance. Some of the greatest examples that exist are – Amazon or Google Cloud TPU.
Although we’re all past the cloud war, we’re now moving into the cloud AI war wherein we see players like CSP and hardware providers making a run for it.
Isn’t it amazing to be in a situation where we’re fortunate to see the AI trends of 2021?
- AI to be the new digital transformation
Multiple industries such as transportation, dining, and hospitality have been resisting the digital transformation.
But times have changed, the outbreak caused by the pandemic is making tremendous change none can ignore. Recent researches also say industries that are laid back in making a transition toward automation may find themselves falling behind. Not to mention, AI is not far away. If an organization or an AI professional does not fasten their seatbelt fast enough, they’re likely to fail to reap the greatest benefits of the technology.
Some of the best industries that made the AI transformation were the ones that were digital-first i.e. telecom and the internet companies.
If you notice, these are the companies/industries that were likely to embrace data-driven decision making to be a central part of how they need to operate. Examples are, the finance sectors, pharmaceuticals, and think internet companies.
In the foreseeable future, it is likely possible for us to experience AI to be introduced to multiple industries in innumerable ways.