Future of Artificial Intelligence – From leading players like Amazon Alexa, Apple Siri and Microsoft Cortana adding brand-new features to deliver superior customer experiences, to the explosion of chatbots revolutionizing customer interactions, 2018 proved to be more exciting and disruptive than ever before. With the integration of Artificial Intelligence into the key aspects of businesses, digital transformation has become a strategic thrust for most of the C-Suite Executives. With Artificial Intelligence gaining a stronger foothold in the enterprise landscape, here’s a heads up of the three mega-trends in the future of Artificial Intelligence that leadership teams must be aware of to stay relevant in the newest era of Digital Transformation. Go on and explore the next critical shifts in the future of Artificial Intelligence trends and the big tidal wave of digital disruption anticipated in the months ahead.
Future of Artificial Intelligence – Machine Learning will Penetrate More Industries
Machine Learning is a significant part of the future of Artificial Intelligence and cannot be limited to a few industries. In 2019, Machine Learning will continue to play a game-changing role across various fields that will extend beyond Sales and marketing. Last week, Microsoft announced the general availability of Azure Machine Learning Service, which is all set to simplify and accelerate the process of developing and deploying Machine Learning models. Here are some of other interesting Use Cases of Machine Learning that will impact different industries.
The future of Artificial Intelligence and Machine Learning capabilities are broadening to an extent where Predictive Intelligence can give you insights on when your car needs a repair or if a machine part might run out of order. The U.S Army uses Machine Learning to predict when the fighter vehicles would need maintenance or repair. Going forward, Preventive Maintenance will go mainstream to be adopted across a broad spectrum of industries. What’s more surprising is the kind of advancement that Machine Learning and the future of Artificial Intelligence might have in the healthcare division. Google has integrated Artificial Intelligence to predict patients’ deaths and promises a staggering 95% accuracy in results, which is higher than the in-house warning systems at hospitals. The future of Artificial Intelligence will also include breakthrough solutions for healthcare professionals who want to offer healthcare services to patients in remote locations.
Leading Quick service and Fast Casual restaurant brands are experimenting with Machine Learning for Inventory Management where the technology will predict which items will run out of stock within a specified timeframe. Furthermore, a research firm has also attempted to leverage the capabilities of Machine Learning to predict stock market performance based on publicly available earnings documents. Technocrats also predict that the future of Artificial Intelligence will witness increased penetration in new fields impacting jobs like talent acquisition, banking & finserv, accounting and teaching among others.
The Power of AI Technology to Elevate
From Amazon Alexa and Apple Siri to Microsoft Cortana and other players, Voice Assistants have become a part of our daily lives. However, what we are aware of is only a part of the huge impact of AI in Business Applications. The possibilities in the future of Artificial Intelligence include increased adoption in business as well as on the personal front. In fact the recent Microsoft Azure and AI Conference held at Las Vegas was a 4-days exclusive event on AI technology that discussed the amazing possibilities of the future of Artificial Intelligence tools and the exciting Azure and AI benefits.
AI assistants would be involved heavily in vehicles as well as mobile applications (Navigation, Ordering a cab, checking the train arrival time and more). There are greater chances of finding Personal Assistants in our vehicles in the near future of Artificial Intelligence with automobile giants like Toyota, Ford, and BMW planning to bring Amazon Alexa to their cars by 2019. In 2019 Lexus ES, Alexa will let drivers open and close garage doors and turn home lights on or off from behind the wheel. Also, Mercedes Benz has partnered with Nvidia to introduce MBUX, a next generation AI Cockpit that is set to transform the future of Artificial Intelligence and how drivers and passengers interact with their vehicles. MBUX will suggest your favorite music or destination while driving and even understands colloquial expressions like “can I wear my flip-flops tomorrow?” in 23 different languages.
Artificial Intelligence tools are also impacting consumers’ lives in more ways than one can imagine. With the recent launch of Alexa-powered Amazon Microwave along with many other devices (like turning on the light or changing the music in the music player), AI Assistants are touching human lives in ways more than one. And with the increasing quality of data, in 2019 we can expect to see the usage of AI assistant for many more activities, from verifying the traffic status, purchasing online, ordering a flight and many more.
Growing convergence of AI with Augmented Reality in the Future of Artificial Intelligence
Augmented Reality is a whole new ballgame with innovative capabilities to seamlessly match reality with fiction. From the launch of AR-enabled consumer-facing applications like Pokemon Go and Snapchat, Augmented Reality has evolved to massive levels and will continue to break new grounds in the future of Artificial Intelligence. Gartner predicts that by 2019, AR, VR, and mixed reality solutions will be evaluated and adopted in 20% of large-enterprise businesses and the revenue of Augmented Reality devices and content will hit a whopping $36.4 billion in 2023, according to Greenlight Insights.
Some of the key changes in 2018 have been the launch of Apple ARKit and Google ARCore that provide immersive experiences through AR-enabled smartphones and Tablets. Also, Microsoft will soon roll-out the Hololens AR Headset to the U.S Army that will provide troops with better information to make decisions. Earlier this year, the HoloLens headset was reported to have helped NASA build new spacecraft faster.
While AR applications for HUD devices will gain momentum in the future of Artificial Intelligence, the market will now continue to be driven by Augmented reality experiences for mobile. It is estimated that by the beginning of 2019, leading brands and enterprises will have access to over a staggering 1 billion AR-enabled smartphones and tablets. AR will also transform education by delivering customized simulation and training to pilots, surgeons, and school students.
The future of Artificial Intelligence and the critical role it plays in Digital Transformation cannot be ignored as they go hand-in-hand. But a combination of efforts is needed to optimize this potential. Holistic Digital Transformation needs a combination of next-gen technologies and a new strategy and approach to customer-centric products and services. When all the necessary components are in place, the future of Artificial Intelligence will thrive by offering new insights, leveraging the capabilities of various industries and ultimately creating a more connected experience for the workforce and the consumer.
To find out more about driving a successful Digital Transformation strategy, Talk to our team at PreludeSys!