Artificial Intelligence Trends to Watch in 2023 and Beyond
AI applications already have considerable importance in our daily lives. Smart assistants, self-driving cars, healthcare management, disease mapping, and social media monitoring are some of the best-known examples of artificial intelligence. Tech giants like IBM, Microsoft and Samsung have never failed to influence and dazzle us with their innovations and provide an edge to people around the world.
Top AI trends to watch for 2023
There is no doubt that technology companies around the world are vying for the supremacy of artificial intelligence applications to revolutionize their digital transformation efforts. A time would come when it would be difficult to say where artificial intelligence stops and humanity begins. IBM is currently leading the AI market race with more than 9% market share and 5,500 patent families as of November 2020. Samsung and Microsoft also have their game with nearly 500 patents. These key players have life-changing AI applications that have made businesses in different industries more profitable. However, let’s talk about upcoming AI trends in 2023 and beyond that are likely to take over global capabilities.
Advancement of Conversational AI Applications in 2023 and Beyond
Google Home, Alexa and Siri are some examples of conversational artificial intelligence. Most companies have adapted and applied conversational AI in their support contact centers thanks to technological advancements. However, the contemporary conversational AI model does not use AI to its full potential and leaves the customer with a disconnected experience. Since the AI uses pre-stored data and dialogues, the user experience is fragmented and ends with the request of a human agent. Full automation of conversational AI applications remains to be seen, but these have proven capable of handling more traffic. It is said that with advancements in AI technology, we will soon be able to experience AI conversation in a more human and interactive way.
Revolutionizing the work of NFT artists
Non-fungible tokens, or NFTs, have demonstrated greater proficiency for performers and how they are rewarded. Drawing contemporary fashionable art is a great and unrivaled skill, but not everyone is good at drawing. Artificial intelligence applications have made their way through this, allowing you to create the perfect art using AI-based applications. Today, most devices have artificial intelligence applications that help you complete your task more efficiently and convincingly.
Soon you will be able to use voice commands to draw a picture. For example, if I command the AI to draw a picture of a monkey holding a baseball bat, it will draw the exact same thing, and the rest can be customized to your artistic needs. It will be a groundbreaking innovation in which artists will be able to display the best of their work in a more organized way using diving artificial intelligence applications and be rewarded.
AI will become mainstream in the justice system
As crazy as it sounds, AI is already being used and seen in some courtrooms. Facial recognition has faced a lot of backlash as one of the most controversial technological innovations. It is one of the most widely used AI applications in police departments. There have been several instances where facial recognition software has proven to be accurate and has enormous potential for solving crimes. Moreover, risk assessment is one of the AI application trends in 2023 that the justice system will adopt.
Explicit Crypto Market Predictions Using Artificial Intelligence Applications
One of the best examples of artificial intelligence. Cryto.com, ZenGo, BlockFi, Gemini, Binance and Coinbase are some of the most used crypto investment platforms. Despite the COVID-19 pandemic, cryptocurrency investors have been getting consistent returns as crypto mining happens 24/7. With over 4000 cryptocurrencies, it is difficult to make the right investment as the crypto market is known for its volatility and fluctuations. A lot of technical analysis is required before a crypto investment can generate returns.
Blockchain technology being at the core of cryptocurrency, AI can be implemented to address the challenges found in the current crypto and AI model. Analyzed data will be collected and processed, including news, social forums, articles, blogs and stock posts. This will be supported by an artificial intelligence application which will analyze the market sentiment and give the most accurate prediction.
Pervasive attention in the healthcare industry
Ever since artificial intelligence (AI) was invented in the 1950s, there has been debate about whether AI is taking over humans and their jobs. In 2018, using more than 50,000 normal chest images and 7,000 scans showing active tuberculosis, a deep learning algorithm was developed, which showed an accurate diagnosis. Since then, machine learning (ML) and deep learning have been the most common forms of artificial intelligence in healthcare. Examples of AI in healthcare are primarily pathology-assisted diagnosis, smart imaging, medical robots, and patient record analytics. Big tech giants have pitched their innovations and machine learning models to major healthcare players, and most of them will be implementing artificial intelligence in their business models. So we have to watch the future trends of artificial intelligence in 2023. You can check ProjectPro Machine Learning Projects to learn more about machine learning.
Range of AI-based software solutions
Many organizations have adopted AI-based software solutions for more industry-specific use cases. According to a survey, in 2021, 56% of organizations today will have at least one or more AI-based applications for their core business functions. That being said, the future of AI looks encouraging. Some AI-based software solutions likely to attract attention in 2023 and beyond are cloud-based AI models, neural networks and deep learning, AI chatbots and apps.
Artificial intelligence and its applications are very similar to those of the air. They are everywhere; we just don’t see them. AI has a lot to offer, and we’ve just seen the tip of the iceberg. So please pay attention to the latest and trendiest innovations that are yet to come in the immediate future.