Rise of Artificial Intelligence

Rise of Artificial Intelligence

1.Overview

Increased demand for enhanced productivity has resulted in the significant rise of artificial intelligence in several business operations worldwide. Moreover, the human learning era involving communication with machines is coming to an end. As a result, this paper, therefore, aims at analyzing Artificial Intelligence trends as well as providing detailed definitions and examples of Artificial Intelligence for business. Also, the global demands for Artificial Intelligence, as well as the worldwide development of Tech Companies, are well analyzed and presented.

1.1 Trends of Artificial Intelligence

There are various Artificial Intelligence trends, which validate the contemporary advancement in technological development associated with the application of Artificial Intelligence. Moreover, some of the Artificial Intelligence trends include deep learning, facial recognition, and Artificial-Intelligence-enabled chips, as subsequently discussed (Bhattacharyya & Nair,2019). First, deep learning is a form of Artificial Intelligence, which creates algorithms through the modelling of function as well as the structure of the human brain. Furthermore, the use of this technology is significant in automatic text generation, computer vision, as well as the automated vehicle.

Second, the technology of facial recognition is considered as the future of applications associated with Artificial Intelligence due to its significant popularity. Besides, it helps in the identification of an individual based on a digital image or facial features (Hirsch,2017). Also, the utilization of Facebook’s Deep face is to tag the family of Facebook users is among the examples involving the application of facial recognition technology. Also, other uses include the payment process through law enforcement and security checks.

Also, chip manufacturers such as Qualcomm and Intel are focusing on shipping technical chips with the capability of enhancing faster execution regarding the applications of Artificial Intelligence (Plastino & Purdy,2018). Furthermore, the Qualcomm identification program is designed to create, maintain, and execute software regarding such highly complex wireless devices in mobile phones. Moreover, such chips shall be maximized for specific utilization as well as scenarios regarding speech recognition, computer vision, among others.

1.2 Definitions and examples of Artificial Intelligence for Business

There are numerous examples involving Artificial Intelligence associated with the business. Furthermore, some of the models include Alexa and Siri, Pandora, and cogito, as subsequently discussed (Thomas & Ray, 2019). First, Alexa and Siri are voice-enabled assistants who play a significant role within the business. Besides, the systems heavily depend on machine learning to effectively operate.

Moreover, Alexa and Siri will significantly develop into providing directions as well as scouring the web when equipped with Artificial Intelligence. In addition, the technology of Artificial Intelligence associated with Pandora is a good example involving a system operating with human beings (Shank et al.,2019). Pandora utilizes musically-intelligent individuals to investigate and classify a song. Also, cogito employs Artificial Intelligence to top promote the emotional connection involving customers in sales as well as calls of customer service.

1.3 Global Demand for Artificial Intelligence

According to Technavio, there is a significant rise in demand regarding Artificial Intelligence based solutions to maximize economic growth. Based on the Technavio report, market size associated with platforms of worldwide Artificial Intelligence is poised to achieve $6.9 billion by 2023. Furthermore, the market is directed by increasing demand regarding Artificial Intelligence based solutions (Hirsch,2017). Also, growing investments within R&D regarding the technology of Artificial Intelligence are predicted to maximize the market of platforms associated with Artificial Intelligence.

1.4 Development of Tech Companies Globally

Advances related to Artificial Intelligence technology are the driving force regarding development. Moreover, the global expansion of Tech Companies such as Apple and Samsung have been increasingly recognized. First, Apple Company has established strategies which enable several app developers to utilize tools of Artificial Intelligence such as identifying objects in iPhone’s camera front. For instance, Create ML, which is an artificial intelligence tool, has enabled Apple Company to add a feature which allows users to point smartphones at various objects to learn objects’ names in multiple languages.

Also, Samsung Electronics has realized the Artificial Intelligence significance and is effectively investing in it. Besides, among the company’s potential strengths associated with Artificial Intelligence is device integration. Samsung has added value to users by integrating a broad range of Artificial Intelligence capabilities into equipment which is already familiar in the lives of users. For instance, the Artificial Intelligence of device integration can identify ingredients in the user’s refrigerator and recommend recipes automatically, which are then displayed in the screen of a fridge. Moreover, the worldwide Samsung’s Artificial Intelligence centres are now focusing on establishing original technology like natural language processing associated with Bixby.