Top Artificial Intelligence Innovation Trends for Businesses

Aditya Chakurkar | August 25, 2021

article image
In recent years, the necessity has turned artificial intelligence (AI) from a mere spark to a mighty wildfire. Today, it has virtually impacted almost every bit of industries worldwide and has shown some truly promising trends.

The critical factor responsible for the rise of AI in 2021 is the never-ending innovations in the technological world. As the nations across the globe are fighting their own battles against the spread of COVID-19, new tech trends are flourishing. And, on top of all, AI is playing a significant role in saving millions of lives and eventually boosting the economy.

As a result, the augmentation of human intelligence into systems has become the primary agenda of all businesses, be it start-ups, mid-sized companies, or already established market giants. The run for developing top-notch AI solutions is getting faster and more intense as businesses get thirstier for offering competitive advantages to the consumers. No wonder why artificial intelligence innovations are on the up and up!

This article sheds light on current hot trends in artificial intelligence innovation that businesses should be aware of. By doing so, they can simplify the process of error-free AI integration and deployment and reap material gains and several other tangible benefits.

So, without further ado, let’s dive right into the top AI innovation trends in 2021 that are proving to be a much-awaited breakthrough.

Artificial Intelligence | Latest Development & Trends

AI, for businesses, is a game-changer for apparent reasons like boosting revenue, improving customer experience, growing efficiency, reducing operational costs, etc.

To reap all the benefits of AI, businesses must be well aware of the latest advances in artificial intelligence. It will help them put the full range of AI and similar technologies like natural language processing and machine learning into their processes and expect a remarkable transformation in revenue, growth, productivity, and customer experience.

AI is the New Normal for Enhanced Data Privacy and Cyber Security

Malicious activities are one of the biggest problems businesses face. They have gotten even more prominent with the rise of technology. And, note that they will be a threat in the future as well.

Thankfully, artificial intelligence is there to the rescue. The recent advances in AI make it even more powerful to distinguish precisely between fraudulent and legitimate transactions. Moreover, it can identify the anomalies in cloud data access and report them immediately.

Artificial Intelligence in Robotic Process Automation (RPA)

The significant use of Robotic Process Automation is to identify repetitive tasks and automating them. Therefore, it is a great way to improve the workflow, and many businesses use it for RPA’s real-world applications.

AI, when integrated with RPA, can step up the game of process handling and automation. As per the current market analysis, insurance companies use RPA the most. Many of them are adopting AI to automate the claim processes without much human intervention.

Real-Time Applications of Natural Language Processing for Better User Experience

Companies need platforms that can bridge the gap between their intent and customer needs. As the demand for this grows, 2021 is seeing significant developments in natural language systems.

While AI is at the core of this trend, natural language processing allows businesses to come up with better search results, virtual assistants, and tremendously sophisticated chatbots that, in turn, results in more business value creation and outstanding customer experience.

Be Ready for Advanced AI Hardware

The artificial intelligence future is incomplete without the evolution of AI hardware, particularly AI chips. Even though a regular processor can handle specific AI tasks, it's not as powerful as a customized AI processor. Specific systems power AI-specific chips to optimize deep learning performance.

For the Businesses that need to operate a vast network of data centers to satisfy commercial cloud service needs, the applications of AI chips can be enormous. It can unlock more business value and can ease the internal company operations.

Quantum Computing to Supercharge Real-World AI Applications

Most businesses still count on standard binary-based computers to process the datasets. However, it has limitations. With the rise of quantum computing in recent years, the dream of achieving quantum supremacy is about to turn into reality. It has already come true in the form of a recently developed Jiuzhang computer.

Integrating AI with quantum computing can eliminate the limitations in dataset processing. It allows businesses to run an innovative machine learning model through a relatively more significant dataset and develop more precise and practical results for real-time settings.

Apart from this artificial intelligence breakthrough, several other factors like machine learning innovations are playing a crucial role in the development of quantum computing.

Frequently Asked Questions

What are the latest top artificial intelligence inventions businesses can benefit from?

Here are the latest AI inventions of 2020 and 2021 you can use for the growth of the business:
  • BrainBox AI
  • Embodied Moxie
  • TrailJectory
  • Hadoop Ecosystem
  • Meeting Owl

What are the industries that must integrate AI to keep up with the market demands?

If you own a company that deals with one or more of the following, you must look forward to integrating AI into your process:
  • Customer Service
  • Media and Entertainment
  • Education
  • Transportation
  • Healthcare
  • Manufacturing
  • Marketing

How are deep learning innovation trends helping the current world?

AI is proving to be extremely useful in the current year. Here are the reasons:
  • Artificial intelligence is helping in the fight against the COVID-19 pandemic.
  • AI-driven biometric solutions are helping businesses in workforce and security management.
  • Better forecasting for businesses with the help of ML-based time series analysis.
  • Improved efficiency and security in smart systems through AI and IoT integration.

Spotlight

Software By Design, Inc.

Software by Design helps companies understand and leverage technology to communicate business information that answer questions like: Do our key decision makers have access to all the information they need? We have partnered with companies like IBM, SAP & MicroStrategy and are fully licensed to resell as well as customize their products to meet our clients’ business needs. We also have a library of turn-key solutions that address industry needs in the financial services and insurance verticals.

OTHER ARTICLES

Artificial intelligence could help predict future diabetes cases

Article | March 31, 2020

A type of artificial intelligence called machine learning can help predict which patients will develop diabetes, according to an ENDO 2020 abstract that will be published in a special supplemental section of the Journal of the Endocrine Society. Diabetes is linked to increased risks of severe health problems, including heart disease and cancer. Preventing diabetes is essential to reduce the risk of illness and death. "Currently we do not have sufficient methods for predicting which generally healthy individuals will develop diabetes," said lead author Akihiro Nomura, M.D., Ph.D., of the Kanazawa University Graduate School of Medical Sciences in Kanazawa, Japan.

Read More

What’s new in Kubernetes 1.19?

Article | March 31, 2020

Kubernetes 1.19 is about to be released! And it comes packed with novelties. However, there’s something beyond the features that grabbed our attention this time. Where do we begin? Kubernetes as a project is maturing, support has been increased from nine to 12 months, and there’s a new protocol in place to ensure a steady progress on feature development. Also, many of its new features are meant to improve the quality of life of its users, like Generic ephemeral inline volumes, or the structured logging.

Read More

Rackspace Technology and Telarus expand global partnership in EMEA

Article | March 31, 2020

The Rackspace Technology Partner Program helps all types of businesses — from advisors, digital agencies, app designers and developers, to MSPs and VARs — empower their customers to embrace technology and deliver the future. In January, we announced that we would be expanding this mission globally in 2020. After several months of scaling and serving our regions with program enhancements, we’re proud to announce an important partnership acceleration.

Read More

ThoughtSpot, Google Cloud Double Down on AI-driven Analytics

Article | March 31, 2020

Search and AI-driven analytics provider ThoughtSpot recently announced a collaboration with Google Cloud to launch Embrace for Google Cloud Platform that will enable enterprises to perform search and AI-driven analytics directly in Google BigQuery. The launch of Embrace will help enterprises leverage the dual power of Google BigQuery and ThoughtSpot’s augmented analytics. The combined delivery will enable organizations to derive proper insights and help them in taking appropriate actions. “Enterprises have more data at their disposal than ever before. The problem arises, however, when they look to turn that data into insights that can transform how their business operates. The old analytics stack is too slow and cumbersome to deliver the value they need from their data,” said Seann Gardiner, SVP of Business Development & GM of Embrace, ThoughtSpot. “Embrace for Google Cloud exemplifies the new, cloud-native, AI-powered analytics stack required to rewrite this equation and drive true transformation for our customers.”

Read More

Spotlight

Software By Design, Inc.

Software by Design helps companies understand and leverage technology to communicate business information that answer questions like: Do our key decision makers have access to all the information they need? We have partnered with companies like IBM, SAP & MicroStrategy and are fully licensed to resell as well as customize their products to meet our clients’ business needs. We also have a library of turn-key solutions that address industry needs in the financial services and insurance verticals.

Events