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Trending Technologies In Artificial Intelligence Which You Know In 2020
Artificial Intelligence is one among the key technologies in the analytics industry, which is flourishing. If you are wondering if the hype around the AI industry is real then yes, it’s quite real. For instance, the AI market share has grown from being $8 billion in 2016 to more than $47 billion in 2020. As per the surveys, over 38% of enterprises are already using AI, growing to 62% by 2020.
Now, let’s have a look at the most impacting technologies in AI which you need to be aware of in 2020.
- Natural Language Generation
It’s quite a tough task to make machines understand human language. This is where Natural Language Generation comes into the play. It is an advanced concept in AI that converts text into data which can be processed by the machines or computer systems. Natural Language Generation will help the systems in communicating ideas and thoughts as clearly as possible. Most of the top-notch companies have already put this technology to use in customer service, & for generating customized market reports.
- Speech Recognition
Making the systems understand a text is a different thing from making them able to understand human speech. This is a tricky task that requires a lot of effort. This is where speech recognition can be employed. With the help of speech recognition, it becomes possible to convert human speech into something more comprehensive format which can be processed by computer applications. Machines with the ability to understand & respond to human speech are believed to revolutionize the world.
- Virtual Agents
From merely depicted in since fiction movies in the early days, Virtual Agents have now become a part of our day-to-day life. Virtual agents are nothing but computer agents that can interact with humans & execute the given tasks. Starting from the simple chatbots which we witness across the web realm to advanced digital assistants in our smartphones is the result of the advancements in AI. Amazon, Google, Apple & other top companies have already built their own virtual agents and are working towards developing them.
- Deep Learning Platforms
Deep Learning technology is an advanced application of AI & Machine Learning technologies combined. This technology intends to replicate the human brain & embed this artificial man-made Intelligence into the machines or systems. If you are tech enthusiast, then you must have surely come across the term neural networks which are nothing but a replicate of neural circuits of the human brain.
Some of the fascinating applications of this technology include speech recognition, image recognition and prediction. As this technology is still in its early stage of development, it is expected to create many revolutionary innovations that are bound to reshape the world.
- Robotic Process Automation
Most of you must be aware of the revolutionary RPA technology. RPA is a distinct technology that works towards automating repetitive tasks that are either monotonous or dangerous to humans. RPA when combined with AI, can deliver enterprises with many unexpected benefits.
Text Analytics and Natural Language Processing (NLP)
Both Text Analytics & Natural Language Processing are among the rapidly advancing technologies in the AI industry. The major initiative behind the development of these of these technologies is to create effective interactions between human languages and computers.
Systems or Machines make use of text analytics to analyze the structure of sentences & process it through machine learning algorithms for an understanding. Coming to NLP, many automated assistants and applications make use of this technology to derive unstructured data. Both these technologies are considered to play a crucial role in the future human to machine to system interactions.
- Image Recognition
Image recognition is one among the emerging technologies which are revolutionizing the social media & forensic industries. Image recognition implies identifying and detecting a feature in a video or an image. By making use of Image recognition, machines can be presented with the ability to distinguish between different objects, recognize faces and much more.
All these technologies in AI are surely going to reshape the world in the coming years. This is the perfect time to prepare yourself for the rising career opportunities in AI technology. Master the knowledge of cognitive skills in AI with the help of advanced AI Training In Hyderabad program by Analytics Path.