Advance Analytics

Artificial Intelligence and Machine Learning Trends in 2020

Rashmi JainJanuary 26, 2020

Artificial intelligence (AI) and Machine Learning (ML) will transform most of the industry sector like retail, healthcare, manufacturing, finance and media along with some new territories. The major challenge with the use of AI is that most of the staff members are not skilled for it’s use. It is estimated that by 2022, there will be 2.3 million jobs in this sector across the globe; the expansion of the use of AI and ML will also cost 1.5 million people their jobs. Let’s look at some interesting forecasts for 2020 and beyond:

-Cyber-security is the top most priority for many industry sectors. The advancements in AI and ML algorithms would be used to create security-centric software applications, which would be marked for their accuracy and speed. The cyber security experts and data scientists would work together to create a common software development goals.

-The healthcare industry would gradually have humans and machines work together to deliver a better outcome. The advanced machines are expected to deliver accurate and faster diagnosis of patient’s condition. It will allow the healthcare professionals to focus less on paperwork and administrative functions, and more on patient care.

-Database Administration (DBA) system involves many process and tasks that are repetitive for AI technologies to automate. DBA has been empowered with advanced automated tools for many tasks, allowing it to make valuable contribution to the organization.

-AI and Natural Language Processing (NLP) will work alongside to create voice-activated assistants like Siri and Alexa. These applications will transcribe human language into data for further analysis. They will be of great impact to customer-centric businesses.

AI and ML drastically changes the way of businesses in many sector. In a near future, smart/self-driving cars, smart cities, robotic staff and digital assistants would be a possibility.

If you are interested in learning about implementing AI and ML techniques in your business strategy, Mindtrades is help to help you. We also provide solutions and suggestions in Big Data, Agile, Digital Transformation and more.

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