Artificial Intelligence has paved its way to different industries and revamped the business arena. According to International Data Corporation, Artificial Intelligence will aid 40% of digital transformations in 2019, and by 2025, the technology will facilitate 75% of commercial enterprise apps.
According to Ibrahim Hadid, Director of Research at the Linux Foundation, ‘2019 is going to be the year of open source Artificial Intelligence’ and Peter Trepp, CEO FaceFirst says, ‘Artificial Intelligence will help elevate in-store customer experiences.’
Artificial Intelligence has hooked startups and enterprises, but the technology will soon become an integral and consistent feature in business across industries. The massive potential of AI is evident from the AI industry’s expected market value of $190 billion by 2025.
This article explores the top AI implications for business strategies.
Artificial Intelligence aims to behave like humans, in terms of wisdom, intelligence, and decision-making. However, it gives birth to several ethical reservations and cannot be adequately utilized unless blindly trusted. It is assumed that AI accesses users’ data, search history, and other personal data. The misconceptions and inability to comprehend AI’s decision-making is a significant hurdle in its success and will be addressed in 2019. This will also be the beginning of the best AI prediction strategies for 2019.
It is difficult to know the pattern adopted by Artificial Intelligence to reach a conclusion. However, it is possible to identify factors which contribute to the decision. In 2019, AI will become more transparent, to build the trust of businesses and consumers.
Even businesses are reluctant to adopt Artificial Intelligence, to avoid liabilities in the future. Therefore, we will witness enhanced transparency for maximum utility for AI. Recently IBM revealed its technology to track the decision-making process of AI. It helps in monitoring the decisions, process of deciding, potential biases in data, decision weighting, and more.
Enhanced transparency will encourage business to use AI in its processes and foster trust in the consumers’ minds.
Unlike popular belief that robots and machines will reduce job roles for humans, Artificial Intelligence will create more jobs in 2019 than it will take away, creating a positive impact on the job market. Robotics and AI will create 7 million job opportunities in the United Kingdom, between 2017 and 2037. Research by Gartner shows that AI will take away 1.8 million jobs and generate 2.3 million jobs. Most of the jobs will be created in health, hospitality, and technical services while reducing jobs in logistics, transport, and public administration.
Artificial Intelligence shares responsibilities for repetitive tasks. For example, chatbots resolve customer queries about product deliveries, order updates, availability of products, expected delivery time, and so. The data is automatically fetched from the system using keywords. The customer service representatives can spend time on productive tasks instead. However, in some jobs, the final decision remains with humans, such as of doctors. AI helps in data analytics and diagnostics, but the human professionals make the last call.
AI will replace humans in administrative work but create more jobs in intellect-based industries, such as healthcare and law.
2019 will witness smarter and wiser digital assistants, aided by Artificial Intelligence. This will pave the path of the top Artificial Intelligence future trends for 2019. Users are already familiar will the AI assistants in the firm of Alexa, Cortana, and Siri; therefore, the acceptance of AI assistant will be easier for consumers. According to Global Web Index, 1 out of 5 adults uses voice search in mobile phones at least once a month.
Alexa, Cortana, and Siri still have a robotic touch to their conversations. The coming year will see more natural and meaningful discussions with the AI assistants. Don’t be surprised if AI assistants enable online and offline interactions with televisions, refrigerators, and other electronic devices.
Siri, Alexa, and other digital assistant perform basic tasks such as making calls, finding meaning, playing songs, or guiding the way. The assistants will become active in 2019 to plan journeys, suggest lunch and dinner menus, arrange calendars, anticipate behaviors, ordering taxis, recommending eateries, and more.
The technology allows AI assistants to better understand humans via extensive exposure to users’ communication, behaviors, habits, preferences, interests, and desires. The natural language algorithms will efficiently encode the user’s speech into readable data for computers, enabling AI assistants to help their human users in a wide array of tasks.
Be ready to interact with AI assistants at home, work, recreational areas, hospitals, and beyond.
Artificial Intelligence is here to stay and grow. 2019 will bring some jaw-dropping AI uses that will leave you stunned.
Look for your Artificial Intelligence platform with the best web development company and strengthen your competitive edge today!