Hello everyone,
Artificial Intelligence (AI) has become an integral part of our society and lives, from chatbots and virtual assistants like Siri and Alexa to automated industrial machinery and self-driving cars1. Here are some of the most important trends around the use of AI in business and society that we should be aware of:
Democratization of AI: AI will only achieve its full potential if it’s available to everyone and every company and organization is able to benefit1. An ever-growing number of apps put AI functionality at the fingers of anyone, regardless of their level of technical skill1. This can be as simple as predictive text suggestions reducing the amount of typing needed to search or write emails to apps that enable us to create sophisticated visualizations and reports with a click of a mouse1.
Machine Learning: The technology most commonly used to achieve AI is machine learning – advanced software algorithms designed to carry out one specific task, such as answering questions, translating languages or navigating a journey – and become increasingly good at it as they are exposed to more and more data1.
Spending on AI: Worldwide, spending by governments and business on AI technology will top $500 billion in 2023, according to IDC research1.
The Augmented Workforce: As companies navigate the process of creating data and AI-literate cultures within their teams, we will increasingly find ourselves working with or alongside machines that use smart and cognitive functionality to boost our own abilities and skills2.
No-code and Low-code Platforms: If there isn’t an app that does what you need, then it’s increasingly simple to create your own, even if you don’t know how to code, thanks to the growing number of no-code and low-code platforms1. These enable just about anyone to create, test and deploy AI-powered solutions using simple drag-and-drop or wizard-based interfaces1.
What are your thoughts on these trends? How do you see them impacting your industry or field? Let’s discuss!
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