Top Artificial Intelligence Trends that will Change the Decade – Analytics Insight

  • Lauren
  • May 26, 2020
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As we began the new decade, technology is changing by leaps and bounds. The initial predictions for 2020 point to a serious integration of AI and human experience to study how Intelligent Automation technologies can be used to augment an enterprise experience.
Here are the top Artificial Intelligence (AI) trends that will change the decade:

The Dawn of AI factories
The new decade will witness massive investments by global technology giants into AI technologies. In 2020, many factories of AI models and data will emerge helping AI technology and associated commercial solutions on a large-scale facilitating the enterprise. For instance, AI solutions in the customer service industry find its use cases in e-commerce, education, finance and related industries on a large scale.

The Rise of Digital Intelligence
Digital IQ will rise in this decade. Digital Intelligence is defined as the measurement of how organizations understand its business processes and the content and data within them from a variety of critical perspectives.
Digital Intelligence solutions assist enterprises by optimizing automation initiatives and complementing platforms like business process management and robotic process automation. 2020 will witness more and more enterprises adopting digital intelligence technologies into their digital transformation initiatives.

Massive-scale Application of Deep Learning Technology
Deep learning is imperative to the development threshold of AI technology improving the quality and efficiency of AI applications. In 2020 and beyond, deep learning will be applied across multi-industries at a scale to accelerate transformation, upgrading and implement innovation.

Digital Workers will Transform the Workplace
According to the IDC (International Data Corporation) research, digital workers like software robots and cognitive bots will witness a growth of over 50% by 2022. Enterprises will welcome many digital robots willing to take up rule-based tasks in the office. Employees across geographies will collaborate with digital workers working alongside them in the future.

Leveraging Process Intelligence
Individual technology systems like ERP, CRM, CMS, EHR, etc provides visibility into the processes controlled by their platform. To gain visibility, organizations will need to leverage Process Intelligence technologies which provide an accurate, comprehensive and real-time view of all processes across multiple functionalities, departments, personnel, functions across different locations.

Artificial Intelligence for the Enterprise
In 2020 and beyond, AI will not only benefit the user experience but will be increasingly adopted by business users across geographies. Enterprises will leverage the internal marketplaces of robots and other easy-to-use automation tools available to across technical proficiencies. These new platforms will play a pivotal role in improving how employees get work done to improve customer experiences better than the competition.

AI will be Monitoring and Improving Business Processes
Enabling cognitive automation will require new tools built for the task. AI-enabled Process and Content Intelligence technologies will provide digital workers with the skills and understanding necessary to deal with natural language, reasoning, and judgment, establishing context, providing data-driven insights.
The normalcy of AI in the workplace will also be the reason we see more human interaction with AI.

Quantum Computing will Usher Explosive Growth
With the successful demonstration of quantum hegemony, quantum computing will usher in a new round of explosive growth in 2020. In terms of quantum hardware, the performance of programmable medium-sized noisy quantum devices will be further improved and have the ability of error correction. Quantum algorithms with certain practical value will be able to run on them, and the application of quantum artificial intelligence will be greatly developed.
In terms of quantum software, high-quality quantum computing platforms and software will emerge and be deeply integrated with AI and cloud computing technologies. Besides, with the emergence of the quantum computing industry chain, quantum computing will surely garner more attention in more application fields.
Data will Fuel the AI Fire
Organizations big and small will now invest in systems and methods to collect and record all the data they can, in a bid to improve their business process and functionalities.
The rapid growth in data, the reduced cost in storage, and the ease to access the data have shown incredible growth from the last decade. Data is driving the improvement of the customer experience, advancing analytics capabilities, allowing businesses to harness real value from intelligent automation, and enabling machine learning and AI that is driven by data.

Automated AI Development
Artificial intelligence can reshape and redefine the way we work and live. The growing trend we expect to see, and more is the integration of AI-enabled solutions in the workplace. These tools will help create better outcomes, ensuring enterprises are achieving their goals in a timely and efficient fashion setting new user experiences. When thinking about the needs of the hybrid workforce, leaders need to decide if simple task-based automation tools are the answer to their problems, or if they will require a mix of AI and other transformative technologies to achieve the next-gen intelligent and cognitive automation.

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Kamalika Some

Kamalika Some is an NCFM level 1 certified professional with previous professional stints at Axis Bank and ICICI Bank. An MBA (Finance) and PGP Analytics by Education, Kamalika is passionate to write about Analytics driving technological change.

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