Latest Happenings in Business World
16
Jul-2019
North America leads the Artificial Intelligence market by both value and volume, buy the end of 2018.
Artificial Intelligence Introduction:
Artificial Intelligence has the ability to perform the task with Human Intelligence. It is the intelligence that is artificial in nature; we feed the data into machines through coding. It is changing the way that we think of technologies as it is a broad batch of computer science. Its machine brain enables computers to do what humans do. It is also known as Machine Intelligence. Its goal is to create a system that can function intelligently and independently. It is designed just like human nature. Now a day’s companies are making crucial decisions with the help of Artificial Intelligence. Artificial Intelligence covers Reasoning, Learning, Knowledge, Planning, Perception.
Top Trends of Artificial Intelligence:
Artificial Intelligence helps in various sectors and provides a fast and accurate result. And its top trends are as follows:
Quantum Computing:
Quantum Computers have used quantum Physics so, that compute the calculation would become faster than any supercomputer. Unlike the normal computer the quantum computers do not use bits and bytes to store the information, the quantum computers use the Qubits i.e., (Quantum Bits) to store the information.
Deep Learning:
It is an Artificial Intelligence which helps in developing the algorithms and it is the subset of machine learning in AI, it is called the Artificial Neural Networks Working. It’s structured and function just like a human brain. Machine Learning has always demanded in nature, it is popular for AI algorithms. Deep learning includes the comprehensive voice-enabled that is the use of Natural language processing Algorithms. Example - Alexa, Amazon’s, Google home, etc.
Role of Cloud in Artificial Intelligence Applications:
In 2019, the companies are using AI, only 70% will obtain AI ability across the cloud. AI application software and services which are based on the cloud will make it simple for companies and benefit from AI, increase the adoption and spread the awareness and benefits.65% of AI applications using cloud-based growth service. By 2020 the penetration rate of software organization with AI built in it. The cloud-based AI development service will be estimated to reach 83 and 87% respectively the very popular hyper-scale of cloud leaders is Oracle, Google, Amazon Web Service and many more.
Facial Recognition:
It is a type of Artificial Intelligence application; it will help to identify a person with the help of their facial features and digital image to unlock the application. In the future, it will help in healthcare and many more sectors as well. Example - Now a day’s many electronic devices have the facial recognition features to unlock the device.
Speech Recognition:
It is also known as computer speech recognition or automatic speech recognition which means analyzing the voice by computer and implements the required task. Approach: There is the possibility of a software system designing which needs to study, using one of the techniques of artificial intelligence applications neuron networks, where the irregular users’ system is able to distinguish the difference between the sound signals and neural networks.
Robotics:
Enterprise is using 41% of Robotics Process Automation (RPA) exclusively, across diverse functions, 26% of users are using the robotics, and 22% are using Artificial Intelligence. 64% can be the growth of robotics and in cognitive technologies, growth is predicted to reach 80%, the growth rate in AI is predicted 81%. There is implementing an of minimum one transformational technology by 87% of the organization like 5G, Artificial Intelligence, IoT, blockchain, and cloud, etc. in their business, 26% believe the suitable business models should be in a proper place to catch the full advantages from the technologies.
Gaming:
The aim of the games is innovative nowadays, as it wants to create Hollywood-level performances, the experience of simulate driving cars to narrative-driven. As people's taste is infinite, the spectrum is large in the same way. Rules and Structures unify the game and make it unique, which creates interest in the players and maintains their interest in it. Example - Forza, (the racing car game series).
Future Perspectives:
We need to adapt to the changes in the world and focused on uniqueness, and creating ideas because technologies are changing the world are growing rapidly. The recent evolution of Artificial Intelligence has a debate worldwide. AI becomes an important part of our daily lives. Artificial Intelligence is not limited to voice assistant or automated devices. The world of AI is incredible large.AI can see in the future and it will help in to solve the world's problems. Artificial Intelligence is dividing into health care, Automotive, Human Resources, and many more sectors. Problems can be solved with the help of AI.
Cybersecurity:
AI helps in to restrain cybersecurity crime like Credit Card Fraud identification, handling of security Data, Helps in the cybersecurity team. Cyber Criminals will steal the data from the corporation and blackmail them, these types of cases are generally happened everywhere in the world because of that business will suffer, Cyber Threat Intelligence (CTI) is the first major stepping stone to achieve the goal and enhance the cybersecurity threats, the field of CTI system compacted and collaborated with the business planning and directions, for the betterment and effective collection of data, Processing as well as analysis, the wide and rapid distribution of data.
The outcome of this process should be arranged with the initial business and design the objective to create a constant cycle for more relevant and effective for cyber threat prevention.
Transport:
There is no. of the transportation issue appears, it is very difficult to predict the system patterns of accidents, traffics, human error, etc., also AI application helps to assemble the data and predict the decisions and help to solve the problem.
Example – BMW vision next 100 for the driverless concept car, with the one, clicks the steering will move automatically, this car will come with an AI system, and BMW will develop a natural interaction system in the car which will allow a person to do an activity through a gesture.
Health care:
Geographical Segmentation, Leading Region and Key Players:
The geographical segmentation of AI is Latin America, Europe, Asia Pacific, North America, Middle East, and Africa. North America leads the Artificial Intelligence Market by both value and volume, buy the end of 2018. The Leading market Players of AI in North America are Apple Inc., NVIDIA, IPsoft, Xilinx, MicroStrategyInc., Facebook, Qlik Technologies Inc., Google, Microsoft, Samsung, and More.
Conclusion:
Intelligent Behavior is been automated by the AI as it is a concern as the branch of computer science. At last, we have got to know that AI is been used in different fields such as economics, medicine, engineering, military and more, as well as it pretends to be a human knowledgeable.
WRITTEN BY: Prachi Singh
Prachi Singh is a management student at RIIM Pune. She worked as a Research Associate (intern) in Market Data Forecast, one of the world’s leading research and consulting for various business domains, individuals and corporate clients