Artificial intelligence has amazed most and intimidated some. The global AI market is expected to have a staggering value of 190.61 Billion Dollars by 2025. The expected growth rate is over 36%. With so much happening in the AI world, it is about time to acquaint yourself with the emerging AI Trends in 2023. [1]
Find out the latest about trends in AI in this blog:
Conversational AI Trends
According to Gartner’s report, conversational AI is becoming a regular interaction point for more than 70% of workers. In 2023, growth in conversational AI systems use is predicted across all industry verticals. [2]
The most common example of conversational AI tools are chatbots. These ChatBots are becoming more powerful and capable of handling advanced, AI enabled tasks efficiently.
The ChatBot AI systems are yet to become more advanced so that they can understand the context behind an ongoing conversation. This will enable the ChatBot to answer questions based on previous interaction with the user rather than addressing every question individually.
Conversational AI trends in industries are offering various benefits, such as:
Better Integrations
For now, traditional ChatBots are capable of conducting simple conversations with the users. However, organizations can integrate other services with the conversational function to provide more personalized interactions.
No-Coding Approach
Similarly, organizations can use conversational AI to target different audiences based on their language preferences. The internal and external organizational stakeholders can use AI to select a conversational language and complexity of their desired choice. Thus, this eliminates the excessive, redundant coding on behalf of the IT team.
Enhanced Personalization
Conversational AI in 2023 is going to be all about personalization. Conversational AI systems, in conjunction with Natural Language Processing, Sentiment Analysis and Machine Learning are going to help business decision makers better understand their audience. In other words, Conversational AI is expected to determine user sentiments and user search query intent while offering personalized responses quickly.
Also Read: Top AI Tools in 2023 and Their Benefits
Accurate AI Predictive Analytics
Predictive analytics, or future trends prediction, will become more refined using AI. Forecasting future trends allows businesses to explore the emerging and untapped markets. AI predictive analytics are useful in optimizing inventory, minimizing operational costs, maximizing uptime, improving delivery windows and boosting sales and revenues.
AI in predictive analytics refines data accuracy by reducing reliance on historical data for making predictions. Thus, AI paired with predictive analytics, will become the top choice for AI in retail trends. With the help of machine learning and predictive analytics, ecommerce businesses can save precious time and prepare for the future more accurately.
Real Time Data synchronization with AI
Businesses use it for optimizing operations and processes. Pattern recognition and recording will offer timely insight on customer trends to business for better functioning.
Contingency Planning using AI
It will instill more resilience in organizations against unforeseen events. Thus, getting future insights will help in preparing for the future more efficiently. Businesses can optimize delivery and supply schedules accordingly.
Also Read: Artificial Intelligence in Retail Business Management
Responsible and Ethical AI
With the rapid adoption of AI in various trends, it is about time to hold discussions on responsible and ethical use of AI. The biggest challenges concerning AI use include:
- Biased decisions and information
- Inconsistent or incorrect information
- Privacy and security concerns
- Data regulation trends
Although AI’s potential surpasses technological innovations so far, humans can not entirely trust AI for several reasons. Thus, it will become increasingly important to regulate the use of AI.
Contactless Patient Care using AI in Healthcare
COVID brought several challenges for the healthcare industry and opened new avenues of contactless patient care. The healthcare industry’s focus is entirely shifted to contactless patient care and digital treatments to overcome infection barriers.
2023 and years forward, the healthcare treatments and procedures may never look the same as before. The future treatments will be based on better decision making derived from better machine learning. With the potential to transform patient care, the AI in the healthcare industry is going to become the central point of focus in healthcare advancements.
AI Robot Assisted Surgeries
Robot assisted surgeries will become a reality. More robot engineered, AI powered devices will streamline doctor-machine collaboration and transform the entire healthcare surgery experience.
AI Powered Health Monitoring
AI wearables will allow contactless and more efficient patient monitoring. These Wi-Fi enabled personal wearables will reduce hospital visits while sending real time patient health tracking data to respective care providers.
Natural Language Processing (NLP) to Maximize Power of Content
Natural Language Processing, or NLP, is creating waves across several industries. The most common NLP applications include content writing assistants, voice assistants, language translators and ideation assistants.
In 2023, humans will become more acquainted with speaking to a machine to comprehend their language and get the desired output.
NLP is evolving and is expected to enhance its comprehension capabilities in terms of human language ambiguities and language context.
Content Writing Assistants
NLP powered AI content writing assistants allow companies and individuals to overcome language barriers when writing. The AI writing assistants, like WriteMe.Ai, are becoming increasingly efficient and accurate in their output. For example, businesses can use AI writing assistants to produce any type of written content for various goals in different languages and tones.
Wrapping it Up
AI trends for different industries in 2023 are going to change the world as we know. Instead of taking AI as a threat, it is better to leverage on the power of AI and make the most of the new opportunities AI opens for business success.
References:
[1] AI Market – MarketsAndMarkets
[2] Future of AI – Deloitte
