Artificial Intelligence is the latest topic of debate among several industries, and most of them are looking for ways to implement it in their workplace.
Like other technologies, AI also has its own merits and demerits, not all of them are worth your time and money.
Artificial Intelligence is the ability of a machine to learn and think like human beings. With experience and continuous practice, it can develop specific particular skills.
In a recent study, it was found that more than 32 percent of the industries will start using AI in the next 12 months.
In the upcoming years, AI-based machines will help businesses in solving complex problems, making better decisions, handling repetitive work, and many more.
Here is the list of 11 Artificial Technologies which will be widely used in the year 2019 and beyond:
1. Machine Learning Platforms
Nowadays, computers have become very intelligent and can learn themselves. Machine Learning is a branch of artificial intelligence whose primary focus is to develop strategies and techniques that allow computers to learn.
Machine Learning platforms are becoming popular with each passing day due to their powerful APIs, big data, robust algorithms, applications and many more.
Some of the big enterprises which are providing machine learning platforms include Google, Microsoft, Amazon, and others.
2. Deep Learning Systems
Deep learning is a branch of artificial intelligence which uses neural circuits to make the machine think and process data like a human brain.
Many big organizations use deep learning platforms to recognize patterns and build applications which can handle large data-sets.
Some of the popular deep learning platform providers include MathWorks, Sentient Technologies, Deep Instinct, and others.
Biometric technology can identify and analyze the human body’s physical appearance and structure for security purposes.
In this, the AI-based devices are used to interact with human senses like touch, voice, and others.
Some of the popular companies working for the development of biometric technology are Agnito, Tahzoo, 3VR, Sensory, and others.
4. Robotic Process Automation
In Robotic Processes Automation, AI-based devices and machines use powerful algorithms and scripts to automate repetitive human tasks to increase the overall productivity of corporate industries.
It is beneficial in performing complex tasks where hiring a professional might be expensive.
It also saves businesses their time and money in performing mechanical and repetitive tasks with ease.
With the help of robotic process automation, the overall productivity can be increased as it handles most of the manual tasks which give humans more time in making a creative strategy for the company’s growth.
Some of the top organizations leveraging the benefits of robotic process automation are Blue Prism, WorkFusion and others.
5. AI modeling and Digital twin
A digital twin is a type of software or tool that works as a connection between the digital word and the respective physical systems.
For example, General Motors is working to build an AI software to monitor its gas turbine engines, aircraft engines, and predict failures to increase the overall production capacity.
The digital twin, in this case, is the software codes and 3D computer-aided designs consisting of interactive charts, diagrams, and graphics.
Some of the companies which are using digital twin technologies are Verum, Aklesos, Supply Dynamics, and others.
6. Cyber Defense
Cyber defense is a defense mechanism of the computer network which detects and prevents any attack to its infrastructure.
Artificial learning and Machine learning are extensively used to tackle any security threat in a hostile environment.
In 2018, due to a data breach, more than 100 million users of the social networking site Facebook were affected.
Recurrent neural networks along with machine learning techniques create technologies to detect any suspicious activity.
Hence, security professionals are advised to take an artificial intelligence certification course to enhance their skills so that they can be ready to handle any issue related to a security breach.
The technology company, Cylance, is working on the development of AI-based software to stop any malware attack.
Compliance is approval or certification that a particular organization or individual meets the given requirements, rules, legislation, and standards of a specific industry.
Many organizations are using AI to deliver automation and risk coverage efficiently.
There are several examples of using AI for compliance purposes such as NLP solutions to which uses regulatory text to identify any changes that are relevant to an organization.
With the help of predictive analysis and capital stress testing solutions, an organization can be compliant with the capital regulatory requirements.
Deep learning is used in businesses to reduce the cases of money laundering significantly.
The organizations working in this field include the compliance technology company, Merlon Intelligence, that combat any financial crimes, Secure, which reduce fraud cases by using predictive analytics platform.
8. Knowledge Worker Aid
Most of the industry experts believe that artificial intelligence will lead to the loss of human jobs.
However, we should also not forget its potential to help employees increase their productivity, especially who are related to knowledge work.
In fact, knowledge work automation is considered one of the most emerging trends in the field of technology.
Some of the industries where AI is heavily adopted are the medial and legal industry where AI is being adopted for diagnostic purposes.
In a recent study conducted by Juniper Research, it was found that by the end of 2022, industries will spend more than $7.3 billion per year on artificial intelligence.
The number of organizations working in this field has increased significantly. The organizations are empowering workers with little or no IT knowledge to create document processes and workflow.
The technology company, Kyndi, is working on designing an integrated platform to help it’s employees process a large amount of data and information.
9. Peer to Peer networks
Peer to Peer networks is the form of system in which the resources and data are shared between two computer without data being transferred through the server computer.
It is also used in cryptocurrencies and even solve the most complex problems by analyzing information and data.
The technology company, Nano Vision, is working on a system where they reward their customers with cryptocurrency in exchange for their molecular data. Its primary goal is to change our approach to infectious diseases, health issues, cancer and many more.
10. Emotion Recognition
The emotion recognition technology helps to analyze emotions on a human face with the help of advanced audio, video and image processing software.
It also helps to capture any body language, micro-expressions changes to analyze the mood and behavior of human beings.
This technology can also be used in law enforcing officers to get critical information from criminals during interrogation. Digital marketers can also use it for increasing the sales of a company.
The number of startups working in this field is continuously increasing. For example, the technology company with the help of audio and video inputs know about a person traits such as how angry or sad they are.
Another technology company, Affectivas uses emotion technology in gaming, healthcare, automotive and other industries.
11. Image Recognition
Image Recognition technology along with artificial intelligence is used to detect and identify a feature in a digital image or video.
With the help of artificial intelligence technology, you can search for any image in the social networking platforms and compare with several data sets to find the most relevant one during the searches.
It can also be used to diagnose diseases, verify users and to detect license plates based on a particular user’s face.
Another technology company, SenseTime, is using AI along with Image Recognition technology for bank card verification purposes.
The applications of Artificial Intelligence technologies are in almost all the major industries including healthcare, marketing, automotive, law enforcement and many more.
It has changed the way businesses used to interact with their consumers; however, privacy and security remain two of the major concerns which need to be addressed by the organizations.
You need to understand how to leverage the benefits of this technology according to your needs and requirements.