• Home
  • About Us
  • GDPR Policy
  • Disclaimer
  • Privacy Policy
  • Contact Us
bdma
  • Business
  • Knowledge
    • Google Adsense
    • Visa
  • Sports
  • Travel
  • Technology
  • Trending
  • Entertainment
    • Bollywood
No Result
View All Result
  • Business
  • Knowledge
    • Google Adsense
    • Visa
  • Sports
  • Travel
  • Technology
  • Trending
  • Entertainment
    • Bollywood
No Result
View All Result
bdma
No Result
View All Result

The Good And The Bad: 10 AI Trends to Watch in 2021

bdma by bdma
August 25, 2023
in Technology
0

(This story is an original creation generated automatically from the Syndicated News feed. The content body has not been modified or edited by the BDMA Team.)

The Good And The Bad: 10 AI Trends to Watch in 2021

Artificial intelligence is developing so quickly that trends can change on a near-weekly basis. What was once a figment of our imagination, the otherworldly dreams we’d read of in science fiction books or see on the screen — is today becoming our reality.

One example is how Microsoft is hoping to reawaken the dead, using chatbots to simulate conversations based on past technology habits (which sounds eerily similar to a disturbing ‘Black Mirror’ episode for any fans out there).

But where else is AI heading? And is the direction… good? There are certainly both bright and “dark sides” of this technological force — and today, I’ll focus on both, highlighting what I see as the most significant AI trends in 2021.

Here we go. 

Table of Contents

  • 1. ‘AI-based’ Marketing Misleading Consumers
  • 2. Machines Taking On More Mindless Tasks
  • 3. RPA 2.0 Streamlining Decision-Making
  • 4. Improving Risk Detection And Prevention
  • 5. Better Sales Prediction Software
  • 6. Enhanced Computer Vision Capabilities
  • 7. AI-driven, Self-directed Software Development
  • 8. The Rise of JavaScript
  • 9. More Reliance On Synthetic Data
  • 10. AI In Reach Of Every Business
  • 1. ‘AI-based’ Marketing Misleading Consumers
  • 2. Machines Taking On More Mindless Tasks
  • 3. RPA 2.0 Streamlining Decision-Making
  • 4. Improving Risk Detection And Prevention
  • 5. Better Sales Prediction Software
  • 6. Enhanced Computer Vision Capabilities
  • 7. AI-driven, Self-directed Software Development
  • 8. The Rise of JavaScript
  • 9. More Reliance On Synthetic Data
  • 10. AI In Reach Of Every Business

1. ‘AI-based’ Marketing Misleading Consumers

Let’s start with a less optimistic trend.

Nowadays, we’re seeing an increasing number of adverts label products as ‘AI-based’ or ‘smart.’ Unfortunately, many marketers are only using the terms to sell products when, in truth, the goods have little to do with AI.

‘Based on artificial intelligence’ is a strong selling point, after all. But is it worth misleading consumers? 

I don’t think so, as the trend will only have negative consequences. People might start confusing AI with more common software, not only causing a misunderstanding of the term. But actually watering down the opportunity as ‘AI’ becomes synonymous with plain ‘technology.’

If you’re unsure what artificial intelligence, machine learning, and big data mean, why not read this article on ‘Everything You Need to Know About Key Differences Between AI, Data Science, Machine Learning and Big Data.’

2. Machines Taking On More Mindless Tasks

One feature of AI that companies, including DLabs.AI, like to point to is how it helps “eliminate human error.”

It’s undoubtedly true; it’s what artificial intelligence is all about. But does that mean computer programs are infallible? Or that we can trust them implicitly? I’d say, not. Because no matter how much AI can help with our daily chores, we might do more harm than good if we trust it too much.

Here are two shining examples:

1. The AI-based Translator

AI can translate brilliantly well. But it’s also a master of nonsense as many words in many languages have several meanings.

In Poland, there’s a popular meme “Thank you from the mountain” — which is the literal translation of “Thank you in advance” as the Polish phrase “z góry” means both “from the mountain” and “in advance.”

2. Applicant Tracking Systems

And here’s a more personal story. 

A few years ago, I was looking for an internship in marketing. One of my ‘selling points’ was my knowledge of Adobe Photoshop, so I decided to use it to make a beautiful, stand-out resume. I could see I met most of the job requirements, but I never got a response to my hundreds of applications. Can you guess why? 

Well, to make the file as ‘light’ as possible, I compressed it into a ‘flat image,’ flattening the text into the other layers. And as it turned out, my resume never got past the initial tracking system review because the software couldn’t read the text (a fact I later found out from a recruiter who reviews all resumes, even those rejected by the machine).

Am I saying these kinds of tools are bad? Absolutely not. 

However, people should realize that the recipe for success is to get machines to work with us. And that’s why I think AI isn’t an existential threat to workplaces, which you can read more about here.

3. RPA 2.0 Streamlining Decision-Making

Okay, let’s flip to a more optimistic note.

When it comes to Robotic Processing Automation (RPA), I’ve no doubt developments will deliver many benefits, especially in business.

According to Grand View Research, the RPA market is currently valued at USD 1.1 billion and is anticipated to see a CAGR of 33.6% from 2020 to 2027. So is it any surprise companies are trying to implement RPA 2.0 into their operations?

Not so much, especially given the benefits include: 

  • Increased efficiency of core business processes
  • Improved customer and employee satisfaction
  • Reduced process execution costs

When compared to RPA, RPA 2.0 not only performs repetitive tasks. It takes automation to the next level by actively making complex decisions that only require human verification if absolutely necessary

For more information, including a case study, read this article on “RPA 2.0: How to achieve the highest level of automation?”

4. Improving Risk Detection And Prevention

When given the right data set, artificial intelligence can predict possible risks, allowing authorities to take action to prevent them. This capability has become particularly important during the COVID-19 pandemic. 

Remember the case of BlueDot? The company provides software that tracks and anticipates the spread of infectious disease. And it flagged the risk of an epidemic several days before the World Health Organization or Centers for Disease Control and Prevention.

In truth, artificial intelligence can predict everything from accidents to natural disasters to pandemics and more. Which is why scientists worldwide are using it to create advanced predictive models that could ensure a scenario like COVID-19 doesn’t repeat itself. 

5. Better Sales Prediction Software

Let’s stay with the predictive powers of AI. 

Artificial intelligence not only uses vast data sets to predict and avoid business threats. It can power advanced predictive models to help businesses plan budgets, sales processes, marketing activities, and more. 

As a result, entrepreneurs are making smarter decisions than ever, all based on company data — not assumptions. While elsewhere, predictive maintenance is helping manufacturers, among others, minimize the risk of a breakdown, as companies use data to better manage their machinery. 

If you want to learn how: check out ‘Predictive Maintenance: This Is How AI Can Transform Industry 4.0.’

6. Enhanced Computer Vision Capabilities

I’ve no doubt computer vision has a role to play this year: be it in banking, manufacturing, healthcare, or marketing. Image and face detection is already used in many ways, in many innovative solutions.

And it will continue to make waves in 2021, appearing in:

  • Autonomous vehicles
  • Social media filters
  • Automated waste segregation
  • Documents classification (say, the sorting of paper invoices)
  • Translation apps (Google Translate uses ‘optical character recognition’ to overlay an accurate translation)
  • Face recognition (iPhones use FaceID and, in China, the police use computer vision at security checkpoints)
  • Healthcare (did you know that up to 90% of all medical data users imagery? Computer vision helps doctors analyze mammograms, X-rays, and other images to make earlier diagnoses and even assist with surgery)

If you’re interested in computer vision, check this 45-second YouTube video of how DLabs.AI uses the technology:

7. AI-driven, Self-directed Software Development

Will robots program themselves in the future? Maybe, but it’s unlikely in 2021. 

Still, that’s not to say artificial intelligence won’t help software developers code; as I see it, the coming months will see several solutions that can independently detect and fix common IT bugs. And the products won’t only speed up development velocity. 

They’ll also help solve developer shortages, with smart IT systems detecting faults and minimizing the time it takes to fix errors. Ultimately, they’ll allow companies to double-down on actual development, delivering solutions to-market faster than ever.

8. The Rise of JavaScript

Until recently, AI programming focused on backend languages, like Python, C++, or Java. However, it seems we’ve hit a turning point. I’m now seeing the rise of JavaScript in machine learning. 

Moreover, I’m confident the language will become more popular in 2021 as more developers use it in the machine learning space.

Don’t believe me? Read more about the topic in this article, ‘This Is The Year To Use JavaScript For Machine Learning, Here’s Why.’

9. More Reliance On Synthetic Data

AI has many business benefits, which is why more and more companies are using it. But one struggle remains.

Many organizations don’t have enough data to create robust solutions that meet their expectations. Is there a way to help? Thankfully, yes: it’s called synthetic data. And I expect many more companies to use it in 2021, filling their remaining data gaps.

If you don’t know much about synthetic data, you can read how it works in this article, ‘Why You Don’t Have As Much Data As You Think. And 3 Ways To Fix It.’

10. AI In Reach Of Every Business

Just a few years ago, AI-based solutions were considered complicated and expensive: the reserve of established corporations only

But fast-forward to today… my, how times have changed. Even fledgling startups are implementing solutions to make their work easier, their sales pipeline explode, and their marketing investments deliver higher returns than ever.

The examples are everywhere for all to see:

  • Chatbots
  • Sales forecasting system
  • Invoice generation software

And what are your thoughts on the biggest AI trends in 2021? We’d love to know your opinion — head to Facebook or Linkedin and share a comment.

Artificial intelligence is developing so quickly that trends can change on a near-weekly basis. What was once a figment of our imagination, the otherworldly dreams we’d read of in science fiction books or see on the screen — is today becoming our reality.

One example is how Microsoft is hoping to reawaken the dead, using chatbots to simulate conversations based on past technology habits (which sounds eerily similar to a disturbing ‘Black Mirror’ episode for any fans out there).

But where else is AI heading? And is the direction… good? There are certainly both bright and “dark sides” of this technological force — and today, I’ll focus on both, highlighting what I see as the most significant AI trends in 2021.

Here we go. 

1. ‘AI-based’ Marketing Misleading Consumers

Let’s start with a less optimistic trend.

Nowadays, we’re seeing an increasing number of adverts label products as ‘AI-based’ or ‘smart.’ Unfortunately, many marketers are only using the terms to sell products when, in truth, the goods have little to do with AI.

‘Based on artificial intelligence’ is a strong selling point, after all. But is it worth misleading consumers? 

I don’t think so, as the trend will only have negative consequences. People might start confusing AI with more common software, not only causing a misunderstanding of the term. But actually watering down the opportunity as ‘AI’ becomes synonymous with plain ‘technology.’

If you’re unsure what artificial intelligence, machine learning, and big data mean, why not read this article on ‘Everything You Need to Know About Key Differences Between AI, Data Science, Machine Learning and Big Data.’

2. Machines Taking On More Mindless Tasks

One feature of AI that companies, including DLabs.AI, like to point to is how it helps “eliminate human error.”

It’s undoubtedly true; it’s what artificial intelligence is all about. But does that mean computer programs are infallible? Or that we can trust them implicitly? I’d say, not. Because no matter how much AI can help with our daily chores, we might do more harm than good if we trust it too much.

Here are two shining examples:

1. The AI-based Translator

AI can translate brilliantly well. But it’s also a master of nonsense as many words in many languages have several meanings.

In Poland, there’s a popular meme “Thank you from the mountain” — which is the literal translation of “Thank you in advance” as the Polish phrase “z góry” means both “from the mountain” and “in advance.”

2. Applicant Tracking Systems

And here’s a more personal story. 

A few years ago, I was looking for an internship in marketing. One of my ‘selling points’ was my knowledge of Adobe Photoshop, so I decided to use it to make a beautiful, stand-out resume. I could see I met most of the job requirements, but I never got a response to my hundreds of applications. Can you guess why? 

Well, to make the file as ‘light’ as possible, I compressed it into a ‘flat image,’ flattening the text into the other layers. And as it turned out, my resume never got past the initial tracking system review because the software couldn’t read the text (a fact I later found out from a recruiter who reviews all resumes, even those rejected by the machine).

Am I saying these kinds of tools are bad? Absolutely not. 

However, people should realize that the recipe for success is to get machines to work with us. And that’s why I think AI isn’t an existential threat to workplaces, which you can read more about here.

3. RPA 2.0 Streamlining Decision-Making

Okay, let’s flip to a more optimistic note.

When it comes to Robotic Processing Automation (RPA), I’ve no doubt developments will deliver many benefits, especially in business.

According to Grand View Research, the RPA market is currently valued at USD 1.1 billion and is anticipated to see a CAGR of 33.6% from 2020 to 2027. So is it any surprise companies are trying to implement RPA 2.0 into their operations?

Not so much, especially given the benefits include: 

  • Increased efficiency of core business processes
  • Improved customer and employee satisfaction
  • Reduced process execution costs

When compared to RPA, RPA 2.0 not only performs repetitive tasks. It takes automation to the next level by actively making complex decisions that only require human verification if absolutely necessary

For more information, including a case study, read this article on “RPA 2.0: How to achieve the highest level of automation?”

4. Improving Risk Detection And Prevention

When given the right data set, artificial intelligence can predict possible risks, allowing authorities to take action to prevent them. This capability has become particularly important during the COVID-19 pandemic. 

Remember the case of BlueDot? The company provides software that tracks and anticipates the spread of infectious disease. And it flagged the risk of an epidemic several days before the World Health Organization or Centers for Disease Control and Prevention.

In truth, artificial intelligence can predict everything from accidents to natural disasters to pandemics and more. Which is why scientists worldwide are using it to create advanced predictive models that could ensure a scenario like COVID-19 doesn’t repeat itself. 

5. Better Sales Prediction Software

Let’s stay with the predictive powers of AI. 

Artificial intelligence not only uses vast data sets to predict and avoid business threats. It can power advanced predictive models to help businesses plan budgets, sales processes, marketing activities, and more. 

As a result, entrepreneurs are making smarter decisions than ever, all based on company data — not assumptions. While elsewhere, predictive maintenance is helping manufacturers, among others, minimize the risk of a breakdown, as companies use data to better manage their machinery. 

If you want to learn how: check out ‘Predictive Maintenance: This Is How AI Can Transform Industry 4.0.’

6. Enhanced Computer Vision Capabilities

I’ve no doubt computer vision has a role to play this year: be it in banking, manufacturing, healthcare, or marketing. Image and face detection is already used in many ways, in many innovative solutions.

And it will continue to make waves in 2021, appearing in:

  • Autonomous vehicles
  • Social media filters
  • Automated waste segregation
  • Documents classification (say, the sorting of paper invoices)
  • Translation apps (Google Translate uses ‘optical character recognition’ to overlay an accurate translation)
  • Face recognition (iPhones use FaceID and, in China, the police use computer vision at security checkpoints)
  • Healthcare (did you know that up to 90% of all medical data users imagery? Computer vision helps doctors analyze mammograms, X-rays, and other images to make earlier diagnoses and even assist with surgery)

If you’re interested in computer vision, check this 45-second YouTube video of how DLabs.AI uses the technology:

7. AI-driven, Self-directed Software Development

Will robots program themselves in the future? Maybe, but it’s unlikely in 2021. 

Still, that’s not to say artificial intelligence won’t help software developers code; as I see it, the coming months will see several solutions that can independently detect and fix common IT bugs. And the products won’t only speed up development velocity. 

They’ll also help solve developer shortages, with smart IT systems detecting faults and minimizing the time it takes to fix errors. Ultimately, they’ll allow companies to double-down on actual development, delivering solutions to-market faster than ever.

8. The Rise of JavaScript

Until recently, AI programming focused on backend languages, like Python, C++, or Java. However, it seems we’ve hit a turning point. I’m now seeing the rise of JavaScript in machine learning. 

Moreover, I’m confident the language will become more popular in 2021 as more developers use it in the machine learning space.

Don’t believe me? Read more about the topic in this article, ‘This Is The Year To Use JavaScript For Machine Learning, Here’s Why.’

9. More Reliance On Synthetic Data

AI has many business benefits, which is why more and more companies are using it. But one struggle remains.

Many organizations don’t have enough data to create robust solutions that meet their expectations. Is there a way to help? Thankfully, yes: it’s called synthetic data. And I expect many more companies to use it in 2021, filling their remaining data gaps.

If you don’t know much about synthetic data, you can read how it works in this article, ‘Why You Don’t Have As Much Data As You Think. And 3 Ways To Fix It.’

10. AI In Reach Of Every Business

Just a few years ago, AI-based solutions were considered complicated and expensive: the reserve of established corporations only

But fast-forward to today… my, how times have changed. Even fledgling startups are implementing solutions to make their work easier, their sales pipeline explode, and their marketing investments deliver higher returns than ever.

The examples are everywhere for all to see:

  • Chatbots
  • Sales forecasting system
  • Invoice generation software

And what are your thoughts on the biggest AI trends in 2021? We’d love to know your opinion — head to Facebook or Linkedin and share a comment.

Previous Post

Iker Casillas on Rubiales’ controversy: We should spend time talking about our girls and their achievement

Next Post

Spain women’s team refuses to play until Rubiales is removed

Next Post
Spain women’s team refuses to play until Rubiales is removed

Spain women’s team refuses to play until Rubiales is removed

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • All
  • Sports
Klopp demands Spurs vs Liverpool replay after VAR blunder

Klopp demands Spurs vs Liverpool replay after VAR blunder

by bdma
October 4, 2023
0

Jurgen Klopp wants Liverpool’s match at Tottenham to be replayed due to the VAR error that cost it the opening...

A Comprehensive Analysis of Campbell Soup Co’s Dividend History, Yield, Growth, and Sustainability

A Comprehensive Analysis of Campbell Soup Co’s Dividend History, Yield, Growth, and Sustainability

by bdma
October 4, 2023
0

In a recent announcement, Campbell Soup Co (NYSE: CPB) revealed that they will be paying a dividend of $0.37 per...

FIFA set to approve reintegration of Russian youth football teams amid Ukraine war: Reports

FIFA set to approve reintegration of Russian youth football teams amid Ukraine war: Reports

by bdma
October 4, 2023
0

FIFA is set to approve the reintegration of Russian youth teams into under-17 competitions and ease a total international ban...

Iran agrees with Saudi Arabia to reschedule Asian Champions League match after walkout

Iran agrees with Saudi Arabia to reschedule Asian Champions League match after walkout

by bdma
October 4, 2023
0

Iran said on Wednesday it has agreed with Saudi Arabia to reschedule an AFC Asian Champions League match after the...

UEFA accepts Italy-Turkey co-host bid for Euro 2032, leaves UK-Ireland as only candidate for 2028

UEFA accepts Italy-Turkey co-host bid for Euro 2032, leaves UK-Ireland as only candidate for 2028

by bdma
October 4, 2023
0

UEFA has all but confirmed its long-expected host for the European Championship in 2028 and 2032 on Wednesday by formally...

ISL 2023-24, Bengaluru FC vs East Bengal LIVE Streaming info: When, where to watch Indian Super League?

ISL 2023-24, Bengaluru FC vs East Bengal LIVE Streaming info: When, where to watch Indian Super League?

by bdma
October 4, 2023
0

East Bengal will look to continue its winning momentum when its coach Carles Cuadrat gears up to face his former...

Manchester United can still reach Champions League knockout phase: Ten Hag

Manchester United can still reach Champions League knockout phase: Ten Hag

by bdma
October 4, 2023
0

Manchester United is still in the running for a place in the Champions League round of 16 despite Tuesday’s 3-2...

Arsenal suffers double blow with Saka injured in loss to Lens

Arsenal suffers double blow with Saka injured in loss to Lens

by bdma
October 4, 2023
0

Arsenal manager Mikel Arteta said he is worried about Bukayo Saka’s availability for Sunday’s league game against Manchester City after...

Watch: Gazan recycles tyres to help maintain local football pitch

Watch: Gazan recycles tyres to help maintain local football pitch

by bdma
October 4, 2023
0

Can used car tyres help maintain a football pitch? Yes, if you ask 27-year-old Gazan Madian Helles.

Nobody wants to face Newcastle, says PSG manager Luis Enrique

Nobody wants to face Newcastle, says PSG manager Luis Enrique

by bdma
October 4, 2023
0

Paris St Germain coach Luis Enrique said no one wanted to face Newcastle United in the Champions League because of...

Van Gaal returns to struggling Ajax as adviser

Van Gaal returns to struggling Ajax as adviser

by bdma
October 4, 2023
0

Ajax Amsterdam has hired its former head coach Louis van Gaal as an adviser, the Dutch club said on Tuesday,...

UEFA Champions League: Thuram scores to help Inter beat Benfica 1-0

UEFA Champions League: Thuram scores to help Inter beat Benfica 1-0

by bdma
October 4, 2023
0

Marcus Thuram made his mark in the Champions League to help Inter Milan get its campaign up-and-running with a 1-0...

UEFA Champions League: Wahi stars with goal and assist as Lens beats Arsenal 2-1

UEFA Champions League: Wahi stars with goal and assist as Lens beats Arsenal 2-1

by bdma
October 4, 2023
0

Striker Elye Wahi scored one goal and expertly created the other as Lens rallied to beat Arsenal 2-1 in the...

The Evolution of Digital Banking: Banco Bradesco Sa’s Approach

Open Text Stock Offers Potential for Long-Term Investors

by bdma
October 4, 2023
0

Open Text (TSX:OTEX), a Canadian information management company, experienced a significant gain in its stock price in the first half...

Virat Kohli is the WT20 man of the tournament

Virat Kohli is the WT20 man of the tournament

by bdma
October 4, 2023
0

Virat Kohli was awarded the man of the tournament for his brilliant performance in the ICC World Twenty20 that concluded...

Samuels fined for using abusive language

Samuels fined for using abusive language

by bdma
October 4, 2023
0

Hero of West Indies’ World T20 title triumph, Marlon Samuels was fined 30 per cent of his match fee for...

Sammy: U-19, women’s team inspired us to do well

Sammy: U-19, women’s team inspired us to do well

by bdma
October 3, 2023
0

Victorious West Indies captain Darren Sammy said that it was the "disrespect" from its own cricket board (WICB) that made...

At every stride, Windies found a new hero

At every stride, Windies found a new hero

by bdma
October 3, 2023
0

The West Indies forged a winning path upon the brick and mortar of inherent talent and a raging anger to...

Stock Market Falls as Dow Jones Drops Over 400 Points

Major Online Gaming Companies Face GST Notices Totaling Rs 49,000 Crore

by bdma
October 3, 2023
0

The Directorate General of Goods and Services Tax Intelligence (DGGI) Mumbai Zone has sent notices to Dream11 and Play Games...

Highlights: West Indies snatch dramatic World T20 win

Highlights: West Indies snatch dramatic World T20 win

by bdma
October 3, 2023
0

Highlights: West Indies snatch dramatic World T20 win

The Early Beginnings of AstroNova Inc

Beta Value, Trading Volume, and Analyst Recommendations

by bdma
October 3, 2023
0

ASE Technology Holding Co.Ltd ADR (ASX) is a technology company listed on the New York Stock Exchange (NYSE). The stock...

  • Business
  • Knowledge
  • Sports
  • Travel
  • Technology
  • Trending
  • Entertainment

No Result
View All Result
  • About Us
  • Contact Us
  • Disclaimer
  • GDPR Policy
  • Home
  • Privacy Policy