Artificial Intelligence (AI) achieved significant success this past year. We witnessed breakthroughs in synthetic data and AI in commercial decision-making. AI pioneered in the pharmaceutical and healthcare industries. Other milestones include natural language processing (NLP) and computer vision innovations to increase business adoption of AI.
2022 also saw OpenAI’s DALL-E and recently ChatGPT take the tech world by storm. We’re certain AI’s progress will continue through 2023. Let’s take a look at the top AI trends to watch out for this year.
AI trends of 2023
1. Explainable AI
With Explainable AI (XAI), humans can understand AI’s predictions, decisions, and conclusions. It aims to counter the “black box” concept in machine learning in which even developers can’t explain how a model arrived at a decision. Explainable AI promises to help remove potential bias. It will play a crucial role in building trust and confidence in AI.
2. AI and Cybersecurity
Cybersecurity protects organizations from cyber attacks, data breaches, identity theft, and other cybercrime. Artificial intelligence is a great tool for detecting cyber weaknesses, threats, and attacks. Security-focused AI can detect and analyze massive volumes of data in real-time, look for dangerous activity, and make security recommendations.
3. Hyperautomation
Hyperautomation is end-to-end automation for any repetitive operation. It involves both robotic process automation (RPA) and artificial intelligence. Businesses in 2023 will be eager to automate processes and use their time to engage in complex, creative and strategic tasks requiring human input.
4. Chat GPT by OpenAI
AI-enabled intelligent chatbots are one of the most popular tech solutions worldwide. ChatGPT is one of the most popular AI trends right now, released by OpenAI in November of 2022. It is an intelligent and interactive chatbot that has caught the attention of everyday users and businesses alike. With new updates and reinforcement learning with human feedback (RLHF) algorithm base, most experts predict that it will eventually replace traditional search engines.
5. AI-powered advancements in IoT
The combination of AI and IoT has the potential to reshape industries, businesses, and economies. The global AI in the IoT market is predicted to develop at a CAGR of 27.86% by the end of 2023, reaching $142.4 billion dollars. AI-enabled IoT develops intelligent machines replicating intelligent behavior and assisting decision-making with little or no human intervention. We can expect to see smart features in everyday devices, gadgets and appliances.
6. Rise of Augmented Workforce
McKinsey shows that 95% of jobs are still not fully automatable. This means people will continue to be an essential part of every business. The augmented workforce is an ideal answer for modern firms searching for ways to boost productivity, ensure employee happiness and reduce employee turnover.
An augmented workforce is one in which human workers collaborate with digital workers, robots, or intelligent virtual assistants to increase job safety and efficiency. As a result, intelligent automation is at the foundation of the augmented workforce. More companies will embrace the hybrid work ecosystem.
7. Stronger recommendation systems
If you’ve ever watched Netflix or shopped on Amazon, you’ve seen recommendation engines in action. These systems help customers find what they’re looking for fast and assist them in discovering new products. Recommendation systems will continue to get more accurate and intelligent with AI advancements.
8. Next-level gaming with AI
AI is no stranger to video games and is seen as a thriving frontier in how games are made and played. Games with AI are gradually transferring control of game experience to the user. Games following recent AI trends allows developers to produce life-like scenario developments to advance in games, enhance control features, provide personalization, and add to the overall excitement of the gameplay.
From re-developing retro-style 8-bit games to massive open-world RPGs, artificial intelligence will keep on innovating the development aspects and players’ involvement. For gamers, it is exciting to witness a more interactive experience in some of the most anticipated games such as Final Fantasy XVI, Starfield, Ark II, Payday III, Redfall, and more, thanks to AI.
9. AI in hiring & remote work culture
We all know the workplace has changed in recent years, for reasons driven by technology and world events. The Accenture Future of Work Study 2021 shows that more than 83% of employees around the world prefer a hybrid work model. New HR and recruitment AI trends are involved in these changes and have helped companies adapt to the demands of the modern workforce. Moving forward, artificial intelligence will be integral to how employees are recruited, selected, hired and managed.
10. Real-time speech translation
Real-time translation enables you to translate one language to another instantly by utilizing the most recent neural machine translation (NMT) systems. Two people can converse in different dialects with very minimal delays or inaccuracies using this AI. All major tech giants are investing in real-time translation platforms. We can expect even more powerful software to hit the market in 2023.
11. Generative AI
Generative AI refers to intelligent models that can generate original content material such as text, photos, blog entries, software code, poetry, and artwork using complex machine learning models. This work is based on predicting the next word from previous word sequences, new images based on prior image descriptions, and so on. DALL-E is the most well-known example of the image-generative AI model. There are several other impressive examples like Jasper (AI copywriter), WellSaid (AI text to speech), Tavus (AI video generator), and more.
Bottom line
AI technologies are rapidly growing, and companies must always strive to keep up with these AI trends and advancements to remain market leaders. Fusemachines can be your partner to take your business to a new level with the help of AI in 2023. Click here to connect with us today.
