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Business Trends

2020 AI Trends: A Breakdown

Artificial Intelligence (AI) and machine learning are taking over. It’s the classic story, otherwise known as “robots are taking our jobs.” IDC researchers predict that AI will be inescapable by 2025, and in her January 7, 2020 article, Susan Galer says that’s a good thing. 

 

In this review, we’ll go over how the 2020 AI Trends mentioned in Galer’s SAP TechED piece titled “Top 2020 AI Trends: Why People Want More Machines In The Workplace.” We’ll discuss how the current state of AI is impacting a variety of industries, and what we can expect to happen in the near future. 

The New Norm?

According to Galer, AI is seen as a “key ingredient” in 90% of business software applications. AI is now being incorporated into more than half of user interface interactions. Manufacturers and retailers utilize AI and ML through computer vision, speech, and natural language processing, as well as augmented and virtual reality. 

 

Galer challenges the dystopian narrative surrounding AI and the workplace. In fact, instead of entirely replacing people, AI technologies focus on well-scoped purposes and automating mundane routine human activities. 

 

AI has lowered the barrier to entry, and a growing number of entrepreneurs are entering the market using affordable and easy-to-use platforms. The increased market saturation forces companies to find a way to differentiate and carve out a niche. 

 

Companies are using predictive analytics to take advantage of trends and improve aspects such as marketing and security. Through machine learning and big data, businesses can forecast better solutions and decisions. 

 

Industries Currently Leveraging AI

Healthcare

Healthcare providers use AI-powered X-rays to help doctors identify diseases or other issue areas. ML-Driven data collection is a technique that gathers information from every possible source to find solutions and improve human lives.

 

Deep Learning (DL) is also revolutionizing medicine by genetically customizing treatment for an individual genome in order to improve results. DL is a subfield of machine learning where computers gather information with the help of neural networks. The algorithms are built to model the way that the brain works. 

 

Psychology is another subfield of medicine being revolutionized by AI. These days, poor mental health in young people is becoming increasingly prevalent. Many specialists attribute a rise in social anxiety and depression to device addiction and a withdrawal from the physical world. AI is now used to identify people with the risk of certain conditions and recommend them for therapy as soon as possible.

Construction

The construction industry is finally catching up to speed with AI. Many companies are now learning how to apply AI-enabled solutions to make a variety of processes faster, safer, and more cost-effective. Soon AI and ML will help reduce human errors and base every decision on data. 

The Cannabis Industry

The cannabis industry loves to adhere to sustainable and eco-friendly values, prioritizing anything natural. Growers who want to optimize their product can do so with care, but for a larger yield, they rely on the assistance of AI. New technologies will have a radical impact on the production, retail, and e-commerce sectors of the rapidly growing industry. 

 

In terms of production, the use of specialized sensors and high-definition cameras can help growers optimize inputs to enhance their product. These environmental adjustments include the humidity levels, PH, temperature, nutrient feed, light spectrum, water, and Co2 levels.  

The Future of AI 

At the start of the new decade, hedge funds are using AI and ML to beat the stock market. Google is working to diagnose heart disease quickly and accurately. Manufacturers benefit from AI to streamline processes that are otherwise incorporated into daily upkeep. 

 

As AI becomes more adopted, routine business operations will become automated so that employees will have a much more creative and open role. Autonomous AI and ML capabilities are not able to match the human brain, so instead, they focus on specific tasks. 

Final Thoughts

Despite it being many decades old, AI continues to evolve and develop a more prominent role in the market. By identifying and capitalizing on AI trends, companies stay one step ahead of competitors and achieve a much higher level of productivity.

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