AI Forcast 2021

It has been suggested that we are on the verge of the 4th Industrial Revolution, which will be unlike any of the previous three. From steam and water power through electricity and manufacturing process, computerization, and now, the question of what it is to be human is being challenged.

Smarter technology in our factories and workplaces, as well as linked equipment that will communicate, view the entire production process, and make autonomous choices, are just a few of the methods the Industrial Revolution will lead to business improvements. One of the most significant benefits of the 4th Industrial Revolution is the ability to improve the world’s populace’s quality of life and increase income levels. As robots, humans, and smart devices work on improving supply chains and warehousing, our businesses and organizations are becoming “smarter” and more productive.

These are some current AI innovations happening and forecast for upcoming decade.

1: RPA

Many companies are turning toward RPA to enhance their workflows. RPA can handle and automate repetitive tasks.?Integrating AI with RPA?however, can take automation and task-handling to the next level. For example, RPA is commonly used in the insurance industry but by adding AI to common insurance RPA processes, the automation process can use image recognition to access and process claims with minimal human interference.

2: AI Leads

In research is ongoing and expanding in today’s world. AI research has grown at a pace of 12.9 percent annually over the last five years, as per Alice Bonasio, a technology journalist. China is expected to overtake the United States as the world’s leading source of AI technology in the next 4 years, having overtaken the United States’ second position in 2004 and is rapidly closing in on Europe’s top rank.

3: India's foot in world of AI inovations.

In the area of artificial intelligence development, Europe is the largest and most diverse continent, with significant levels of international collaboration. India is the 3rd largest country in AI research output, behind China and the USA.

4: ML on Cyber attacks

With enhanced cybersecurity measures, AI will prevent cybercrimes by spotting fake digital transactions and activities by following patterns to detect criminal activities. In 2021, more organizations will implement AI to handle their cybersecurity tasks.

5: Facecognition revolutions

The world has already been using facial recognition techniques, be it social media platforms or cell phones but in the workplace, this technology isn't as common. However, due to COVID-19, many companies have required their employees to wear masks and other PPE in the workplace.?Computer Vision?can monitor if these safety procedures are being met to ensure safety at workplace.?

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