8 AI technologies taking innovation to the next level in 2021

From predictive analytics, computer vision to smart devices, emerging AI technologies are fueling the AI craze. Data shows that the use of AI in different functions of business has grown by 270% over the past few years.  Most roles will not stay the same in the contactless world tomorrow and would require constant learning, unlearning and relearning out of necessity if not desire.  We have listed the top 8 AI technologies that CIOs are investing in, in 2021.

1. AI in Business Intelligence

MicrosoftTeams image 22  The integration of artificial intelligence (AI) in the form of natural language processing and automated predictive insights is redefining what BI can do for businesses.  From the moment you integrate AI in BI, it automatically classifies columns, tags them and joins matching data across sets. In minutes, you can go from uploading datasets to uncovering hidden truths in your data and presenting those findings in compelling, beautiful visualizations. And this is where AI in BI becomes an invaluable tool.

2. Biometrics 

MicrosoftTeams image 21 Biometrics is a technology that stands as the source of interaction between humans and machines. There are many types of biometrics technology namely face recognition, touch recognition, Iris recognition, DNA matching, Retina recognition, voice recognition and the likes that are making it big in the digital world. Biometrics allows a person to be identified and authenticated based on recognizable, verifiable data that is unique and specific. 

3. Computer vision 

MicrosoftTeams image 25 Computer vision is the advanced technology that acts as the computer’s eyes. It is a branch of artificial intelligence that helps train machines to interact and understand the visual world. With the help of computer vision technology, machines can accurately identify and classify objects in images, videos and deep learning models. To some extent, computer vision even exceeds human visual abilities in many areas.  Watch this video on Facial Recognition technology developed by using computer vision 

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Conversational AI chatbots

4. Conversational AI chatbots

MicrosoftTeams image 23 AI chatbots are fascinating. They can do it all, from helping you order a pizza to guiding you through a complex B2B sales process.AI chatbots can understand language outside of a set of pre-programmed commands and continue learning based on the inputs it receives. They can also make changes based on patterns and become smarter over time as they experience new situations. AI-powered bots can be applied to a range of use cases– from sentiment analysis to making predictions about what a visitor is looking for on a website.

5. AI in Business Process Management

MicrosoftTeams image 26 AI technology in Business Process Management (BPM) can help automate manual, routine business tasks, improve user interfaces and analyze huge amounts of data in a short span of time. Artificial intelligence can usher in a new era of smarter, more connected, and forward-thinking process management tools to grapple with the complex, big data of the future.

6. Text analytics & NLP

Text analytics NLP Text analytics is an amazing technology and when espoused with Natural Language Processing (NLP), text analytics facilitates the understanding of sentence structure and meaning, sentiment, and intent through statistical and machine learning methods. Currently, text analytics and NLP are mainly used in fraud detection and security.

AI in smart devices

7. AI in smart devices

MicrosoftTeams image 24 Smart devices are a major part of our connected environment. For example, smart security cameras, smart speakers, smartwatches, smart keychains, etc. are some of the major smart devices that we use in our life. Smart devices now act as a single point of contact for accessing business reports and information. You can access them on your voice assistants, smartwatches, tablets while you’re traveling or at home. This is especially useful for field workers who need data at their fingertips. Watch this video on how Alexa is used on PowerBI

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8. AI in automation

young woman checking her budget doing taxes scaled 1 Robotic Process Automation (RPA)and artificial intelligence have the potential to make business processes smarter and more efficient. The rapid developments in the field of Artificial Intelligence are creating a new breed of cognitive technologies with human-like capabilities such as recognizing handwriting, identifying images and natural language processing. When combined with robotic process automation and powerful analytics, these cognitive technologies can form intelligent automation solutions that either directly assist people in the performance of nonroutine tasks or automate those tasks entirely. Read more on AI here – https://datasemantics.co/category/artificial-intelligence/

AI in automation

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