Published on July 10th, 2021 | by Sunit Nandi0
AI Innovations in 2021
Technology has always been an essential part of developing various areas of human life and manufacturing, including automotive, trade, healthcare, and finance. One of the most critical technologies of the 21st century is artificial intelligence, which is becoming the center of the activities of various organizations. Due to artificial intelligence, humanity develops and uses things that we could only dream about or read in science fiction novels. Self-driving cars, smart cities, satellite crop monitoring, all this became possible thanks to AI. Although AI is often portrayed as humanoid robots taking over the world, the technology aims to provide tangible benefits in various areas of the economy at this stage of development.
AI has received a new impetus for development with the massive increase of computing power and the emergence of big data. For deep learning models, data is the backbone of learning, so the more data, the more accurate the models. Historical datasets have become more accessible today, driving innovation and the adoption of AI. It is also facilitated by advances in artificial neural networks and profound learning. These innovations lead to the implementation of artificial intelligence in healthcare, aerospace, and automobile manufacturing. In addition, artificial neural networks are making possible the development of digital imaging technologies that help you convert any photo or video to HD quality, even if it was originally shot in low resolution or low light.
In 2020, nearly 40% of global revenue came from an artificial intelligence software solution. The interest of enterprises in such software will continue to increase as the quality and capabilities of AI are constantly improving. As a result, the demand for AI integration, installation, support, and maintenance also grows. In addition, due to the high processing power, GPUs dominate the hardware market as they are needed for AI structures. According to PwC forecasts, artificial intelligence will add about $15.7 trillion to the global economy by 2030.
AI in Agriculture
Advances in AI, the growing power of big data analytics, and an increase in the number of satellites are taking our knowledge of agriculture much deeper. The artificial intelligence model can analyze satellite images and give you data on soil moisture levels and other parameters. You don’t need to be in the field to examine the condition of the soil, but that is not the best yet. The AI algorithm analyzes thousands of samples, capturing the tiniest details and identifying patterns.
Artificial intelligence in agriculture ensures farming with greater awareness of all processes and events in the fields. In addition, the introduction of this technology increases productivity while helping to save money and farm with respect for the environment.
AI in IoT
Artificial intelligence combined with the Internet of Things is changing the automation industry and business. While the IoT deals with devices that cooperate over the Internet, AI makes these tools learn from their data and experiences. The various intelligent devices we are currently using will satisfy even more human needs in the future. Furthermore, devices like Google Nest work on command now, but they will soon be able to independently predict what you need and carry out the necessary processes without your intervention. Thus, the efficiency and safety of intelligent homes will rise to a new level.
AI in Marketing
Artificial intelligence is becoming the tool that saves a significant amount of time for marketers. Large and small businesses have been using chatbots on their websites for a long time. They help you effectively interact with your customers and are an excellent starting point for introducing AI technologies into your company.
But AI’s marketing merit is not limited to communicating with customers. Artificial intelligence can recognize fake subscribers, for example, on such a popular platform as Instagram. If an account gets an unexpected spike in followers in a limited amount of time, it could be a sign that they are fake. However, influencer marketing can get a system that can confirm or deny the influence of a particular account.
Workflow and Workforce
Automation, communication platforms, bots, and smart computers combined with extensive data can improve various technologies. Moreover, these technologies are changing not only our homes, but also our offices. AI gives companies more organizational tools that streamline business processes and make them more efficient. During the pandemic, the popularity of such tools as Zoom, Microsoft Teams, Google Meet has grown significantly. Businesses use them to manage employees and improve customer service. Workflow automation is evolving, and this trend remains with us in 2021.
The advent of digital assistants has pushed companies towards a hybrid workforce. Employees use bots to be more productive. The trend of using Siri, Alexa, and VERA in the workplace continues to evolve. Manual labor automation is not an AI goal. It aims to reliably and continuously perform numerous large-scale computerized tasks. This kind of automation requires human intervention to initialize the system and ask questions correctly.
AI in Bioscience
In bioscience, AI has become a trusted tool for scientists to gain more profound knowledge and conduct experiments effectively. With its help, discoveries can be made, extending human lives and improving the quality of life.
In the UK, data science is used to treat symptoms and illnesses by predicting the chemical compounds that will help manage them. It speeds up the drug development process. In addition, Parkinson’s disease research is underway in the United States and the United Kingdom to reduce the drowsiness experienced by people with the disease.
AI in Healthcare
For the healthcare industry, AI is primarily a tool that helps doctors deliver care to more patients. At the same time, the introduction of technologies enables them to do this much faster and more efficiently.
An artificial intelligence app for the UK health service empowers patients to seek help 24/7 if they are not feeling well. The application gives advice, providing initial medical advice so that a person knows what to do. For example, artificial intelligence can recommend over-the-counter drugs. In more complex cases, you can make an appointment with a doctor online.