2020 undoubtedly has been one of the most turbulent years in the recent history. The pandemic has hit us all hard; it has dramatically impacted professional, personal and social life of all individuals across the globe. There has been a major drift in remote work culture, professionals have now learned to connect virtually and work more independently. Wish social distancing becoming the norm, it has only created space for innovation within the field of artificial intelligence.
AI has officially become the new way of life, the impact of Covid outbreak has given birth to new technologies that will in future help the world to prevent chaos in such turbulent times. Artificial Intelligence in today’s era plays a vital role, it has completely changed the way we operate businesses & has undoubtedly accelerated our way of living in multiple ways.
Following are the AI trends to look forward to in 2021:
AI and human interaction
From the times when there were films depicting the massive AI involvement in the world revolution, till today when we are literally almost functioning on AI technology, we believe AI has become one of the most powerful industries
Especially after pandemic, the world of AI has changed the way our society operates. With pandemic quickly re-shaping and shifting human behavior, AI is expected to play an advanced role in the interaction with humans. The rise in machines and AI will continue to proliferate, with massive job loss and remote working trends. As a result, the need for upskilling & reskilling is now more than ever. It will increase to enable humans to interact with AI and be processors of machines. Research in the field of AI is also expected to receive huge investment, as organizations are looking forward to work towards a safer future.
AI-Driven Decision Making and Forecasting
Most of the organizations have now adapted AI technology to strengthen their decision making scheme, especially is we talk about HR department. Post Covid 19 outbreak, HR professionals have revised their policies to utilize the collected data for business decisions.
Artificial Intelligence has up its game, from tracking to forecasting, with the proper utilization of Machine learning and Artificial Intelligence, the organizations have started to forecast accurate predictions, which help them in fraud detection, sales forecasting, comparing market pricing & helps them with stock optimization.
Workforce planning & Computer Detection
Post Covid-19 outbreak, involvement of AI has become essential for organizations as employees have been managing their work remotely. It has become a need of the hour. With the use of AI technology, many organizations in today’s scenario are able to import massive data of customer behavior, employee performance, success rate percentage & accurate sales data, which helps organizations make decisions for the future. With the accuracy rate of 90% in business forecasting using AI, the organizations have started to adapt AI technology to make essential business decisions.
With COVID-19, affecting businesses across the globe, many of them will be recovering from the bared losses for the next few years. As a result, these businesses will heavily depend on AI technology to ensure their decisions are smarter and accurate. This complete process includes all the essential factors, from workforce planning, controlling remote work culture, efficiency of employees & skill-set requirement for the future.
TOP AI STATISTICS
- AI-powered voice assistants will become an $8 billion market by 2023.
- By 2025, the global AI market is expected to grow to almost $60 billion.
- Global GDP will grow by $15.7 trillion by 2030 thanks to AI.
- AI is expected to increase business productivity by 40%.
- Already 77% of the devices we use feature AI in one form or another.
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