Top Trends in Artificial Intelligence Market

In current times, artificial intelligence is one of the hot topics for all types of industries. According to artificial intelligence analysis, it has been found that more than 77% of people across the world are already using AI in one form or the other. The integration of AI in existing as well as emerging technologies is increasing every year.

Keeping this in mind, we have listed below the top and AI current trends in 2020 that are expected to shape the future.

1.   Artificial Intelligence Enabled Chips

Artificial Intelligence-Enabled Chips are quite popular in the market. This can be seen through the increase in estimated revenue for 2025, which is $91,185 Million as compared to revenue of $6,638 Million in 2018.

Some companies have already integrated AI-Enabled Chips and they are expected to be added to smartphones soon. Using AI-Enabled Chips ensures that tasks needing AI such as natural language processing, facial recognition, computer vision, object detection, etc. can be carried out much faster.

2.    Internet of Things and Artificial Intelligence

Internet of Things and Artificial Intelligence, when used together, can easily change the way technologies currently operate. Most of the IoT devices tend to create a lot of data that needs to be extracted for actionable insights.

Even Artificial Intelligence algorithms need data before concluding. Hence, the data that is collected by IoT might be used by AI algorithms for creating useful results that can be implemented easily.

3.    Automated Machine Learning

Today, several organizations are moving towards Automated Machine Learning. This is because applying traditional machine learning models can be quite expensive and complicated.

Thus, a better solution for firms is to use Automated Machine Learning as it allows you to use Machine Learning techniques and algorithms, even if you are a non-expert.

4.    Cloud Computing and Artificial Intelligence

Cloud Computing and artificial intelligence can revolutionize the current AI industry and even create new ideas and methods of improvement. At present, AI has a huge potential and this technology can even be understood as the ‘technology of the future’. The Artificial Intelligence Market is huge, and it is even difficult to quantify how big is the AI market.

However, the integration of artificial intelligence needs enormous infrastructure as well as experienced employees. Here, Cloud Computing can prove to be quite helpful. Even if firms do not have access to large data or huge computing power, they can still take advantage of the benefits of AI through the cloud.

Additionally, AI can also be used for monitoring and managing issues in the cloud. Currently, the most popular cloud leaders that are incorporating AI into their cloud services are Google, Amazon Web Service (AWS), Alibaba, IBM, Oracle, and so on. They are even expected to see further growth as both Artificial Intelligence and Cloud Computing are continuously gaining popularity.

5.    Artificial Intelligence CyberSecurity

Artificial Intelligence is gaining popularity with time, especially with the introduction of new artificial intelligence trends. AI is also gaining importance in cybersecurity. Artificial Intelligence can lead to an improvement in understanding, analysis, as well as the prevention of cybercrime. This also leads to improved cybersecurity measures in companies, making them more secure and safe.

However, it is important to note that this process can turn out to be quite expensive as well as difficult to implement. Despite this, Artificial Intelligence is expected to be one of the critical cybersecurity elements of the future.

Conclusion

Overall, one can say that artificial intelligence has the best ability to redefine as well as reshape the way we work and live. Through the above artificial intelligence trends, one can expect to see several AI-enabled solutions soon. AI-enabled tools are expected to create better outcomes and new user experiences. They also ensure that we achieve our goals in an efficient and timely manner. Thus, it now remains the choice of the businesses whether they want to enable sustainable and successful digitization by AI or not.A