AI and machine learning have turned out to be highly advanced technology that is here to make a change in the life of people at a deeper level than one can imagine. As per the CEO of Google, Sundar Pichai, AI is going to transform the lives of people at great levels. It will impact all the major industries, including education, healthcare, and manufacturing.
SwissCognitive Guest Blogger: Harikrishna Kundariya – “7 AI and ML Trends to Follow in 2022”
Given how ML and AI are being used for introducing a change in space exploration, medicine, etc., the probability of helping humanity advance is not far. In fact, a Fortune Business Insight report has stated that the spending on machine learning will increase to $ 209.91 billion by 2029. While the spending by the year 2026 will reach $299.64 billion.
Over the years, there have been a lot of developments in the use of AI and ML. The experts have predicted the effects and use of the same will be seen in 2022 and the years beyond.
Understanding AI and ML Trends in 2022
2022 for sure, has turned out to be a great year for the advancements of AI and ML. The list here specifies the major trends that will hold prominence in 2022 and beyond.
1. Augmented hyper-automation
Just as the name suggests, it is automation but a step ahead. Hyper automation works well for automating complex tasks. It helps the organization and businesses to process and make the tough job easier. While doing so, it makes use of technology like AI and ML.
In recent years industries have already started the use of hyper-automation to make the complicated process faster and get good results from it. The situation has highlighted a need for increased automation across all industries. Given the benefits, the Hyper-Automation market is expected to reach about $600 billion by 2022.
2. Injected Cyber Security
As technological advancement is bringing in a revolution, cyber security has already seen great success in 2022. There is no surprise technology is growing and is preventing any concerns of cyber-attacks. The internet has always been a popular means for launching such attacks. In the year 2021, it was noted that an amount of $102.3 million was made on ransomware.
The attacks compromise privacy and data, and the risk of an entire institution collapsing is quite high. But thanks to machine learning security, there has been better security protection.
Companies are starting to understand the use of sophisticated AI algorithms to detect and analyze cyber threats and then make proper measures on time to protect the data and other such concerns.
3. Internet of things with AI and ML
Internet of Things, in simple words, is the billions of internet-connected devices that keep exchanging information online. It consists of devices from the refrigerator to robots connected to the web. IoT has already been a great success this year. The experts have predicted that IoT devices will be merged with AI advancement, which will boost the ability to transfer, analyze and exchange complex information.
4. Metaverse and incorporation of AI
Metaverse has been a long-standing. The tech aims to replicate the real world online. Since the origin of the science fiction Snow Crash was released in 1992, people are hoping to see it in real life. Although it came out as a science fiction novel, metaverse has now become a reality. The companies such as Microsoft and Meta have already defined the interactions of the metaverse and its use in the coming time.
The use of machine learning and AI in 2022 has seen a great increase in use across industries. For instance, the metaverse is now used at different levels. It plays a major role in reproducing the real world.
5. AI and self-driving vehicles
The future of driving, no doubt, is automation. Companies like Tesla, which is the largest producer of electric cars, have already provided a glimpse of future automated driving.
It was only a decade ago when self-driving cars were limited to lab experiments and prototypes. But today, real-world demonstrations are making them normal. But for this, AI will be a major part. Companies are making use of AI to come up with more customer-centric and advanced algorithms for self-driving vehicles. AI helps the vehicle detect any barrier faster and assures driving on autopilot mode, making it easier and safer.
6. AI and ethics
Artificial intelligence is widely used across different industries. The application has made our life quite easier. However, when it comes to apprehensions about ML and AI for analytical means like terrorism, warfare, and illegal pornographic, the software has a major role to play.
For instance, an AI base technology, DeepFake, replaces the individual face in a video and photos artificially. It has already received a lot of criticism. The criminals are using it to fabricate evidence, generating sexual interceptor victim contents and others.
7. Better Hiring Process
The pandemic has put a question mark on hiring decisions. There is now a need for skilled experts who can perform multiple jobs. Herein, using AI/ML systems can help make the process easy. AI will bring participation from diverse backgrounds. With diversity, there will be positive changes in the workforce, enabling innovation, better perspectives for a specific job, etc.
AI and ML, for sure, have upgraded the industry. They are here to stay and bring in all the advancements that will make the life of people a lot easier. Irrespective of the industry you see i.e., education, medical, AI, and ML are used everywhere to make things convenient and faster.
However, this would require you to have a team of experienced professionals. You can even hire dedicated developers for your business. They will come up with something which will be suitable for growth as the experts have got experience in the industry and can handle the job with efficiency.
About the Author:
Harikrishna Kundariya, a marketer, developer, IoT, ChatBot & Blockchain savvy, designer, co-founder, Director of eSparkBiz Technologies @Software Development Company. His 10+ experience enables him to provide digital solutions to new start-ups based on IoT and ChatBot.