Artificial Intelligence Trends That You Cannot Afford To Miss by 2025

AI has been a buzzword since the 1950s and still, we have barely scratched the surface of the enormous knowledge of AI technology. It has taken the world by storm and has not left any sector untouched be it medical, education or manufacturing, every industry turned out to have the Midas touch after incorporating artificial intelligence.

According to a research firm, Allied Market Research, the global artificial intelligence (AI) market was pegged at $4.06 billion and is expected to reach $169.41 billion by the end of 2025. Rise in number of innovative startups and growth in demand for analyzing and interpreting a large amount of data have boosted the growth of the market. Although several movies portray that AI would turn out to be the man-made enemy of humanity, experts such as Bill Gates think that AI can be our friend and good for the society.

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Considering the undying hubbub of AI, here are some latest trends in the AI market that you cannot afford to miss…

1.Voice assistance

Google Assistance, Amazon Echo, Alexa, and Cortana are some of the best examples of the applications of AI in day-to-day life. It is evident that AI can completely reform the way we interact with machines. The traditional method of online purchasing and advertising along with various other business modules can be revolutionized by the advent of AI. AI and machine learning can help understand how human voice requests and what user preferences are while people use online shopping platforms.

2.Decentralization

The technology of AI is not limited to a supercomputer, deal with big data, or reduce the redundant tasks; it has become the core of smartphones and smart wearables. Using AI chips, the tech giants such as Apple are taking AI to an all new level. In fact, edge and fog computing are the new arrivals in the AI market.

By decentralization, AI on the edge can reduce response time. For instance, the smart doorbell will no longer send the video of the person standing outside; with the help of AI, advanced sensors, and facial recognition or voice recognition, only name of the visitor would get notified to the homeowner.

3.Self-driving cars

Since Elon Musk unveiled the world’s first self-driving car, there is a street fight between automobile companies to release the most self-sufficient car. Despite the fact that there is a long way to cross to develop the most reliable autonomous car, the incorporation of AI has become the major pillar of the future of self-driving cars. Recently, Musk stated that Tesla plans self-driving cars on the road by 2019 and none of the Tesla’s competitors are even close to Tesla in terms of achieving a general solution.

4.Content created by AI

No industry will be spared by AI including content writing. In fact, several major brands such as USA Today use AI technology to create content. For instance, Wibbitz, the video creation platform, offers software-as-a-service (SaaS) platform that allows publishers to transform written content into video content with the help of AI-based video production, reducing hours of employees to create compelling videos. Similarly, Associated Press, a news agency company, has been using an AI tool, Wordsmith, to apply natural-language generation to create news based on data. Thus, in the future, more AI-based tools are expected to launch that can delicately write compelling content.

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5.AI to battle chronic diseases

Machine learning and big data are a perfect pair that can deal with the massive data generated by hospitals and other healthcare centers. Apps with AI at its core can help in diagnosing chronic diseases such as cancer and chronic kidney failure at the early stage, reducing potential health risks. Moreover, machine learning can help in gene-sequencing, drug discovery, clinical trials, and predicting an epidemic outbreak. Experts believe that the combination of AI and blockchain can identify and analyze ailments to create new drugs, treatments, and cures in minimalistic time and cost.

Source: https://www.linkedin.com/pulse/artificial-intelligence-trends-you-cannot-afford-miss-ashutosh-sable/?published=t

In the last two years, thousands of new AI companies have acquired million-dollar funding from the tech giants in the Silicon Valley and more than half of those startups have gained equity. Thus, it is clear that the trend of AI is here to stay and the normalization and mainstreaming of it will happen sooner or later.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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