artificial intelligence

Why 2021 is the Year Artificial Intelligence Goes Mainstream

#Year #Artificial #Intelligence #Mainstream

Why 2021 is the Year Artificial Intelligence Goes Mainstream

Introduction

Artificial Intelligence (AI) technology has been around for quite some time, but it has never been mainstream until now. The year 2021 is proving to be a tipping point for AI technology, as it gains widespread adoption across various industries. This article highlights some of the reasons why 2021 is the year AI goes mainstream.

Improved Computing Power and Data Analytics

The rise of cloud computing has allowed companies to access computing power and storage that was previously inaccessible. This development has significantly increased the capacity of people to store, process, and analyze data. AI algorithms require tremendous computing power to run, but this is no longer a challenge with cloud computing.

Increased Automation

Automation is a key reason for the rapid adoption of AI in various industries. AI has been used to automate tasks that were previously done by humans, leading to increased efficiency, productivity, and revenue. Automated customer service chatbots, for instance, provide quick and precise responses, which improves customer satisfaction.

Improved Natural Language Processing

Natural Language Processing (NLP) is a subfield of AI that enables machines to understand and interpret human languages. This technology has made significant strides in recent years, allowing machines to accurately understand human speech and textual data. The improved NLP technology has allowed for the development of chatbots and virtual assistants that can converse with humans in natural language.

Increased Investment in AI

The increased adoption of AI can also be attributed to the increased investment in AI by businesses and governments. According to the IDC Worldwide Artificial Intelligence Spending Guide, worldwide spending on AI is forecast to reach $97.9 billion in 2023. Government investment in AI has also increased, with China and the US leading the way.

Conclusion

AI technology is no longer a futuristic idea but a present reality. With its increased adoption in various industries, AI is set to transform the way we interact with technology and each other. The technology is poised to revolutionize industries, from healthcare to finance, transportation, and education. Its benefits include increased efficiency, productivity, and revenue, making it a technology to watch in 2021 and beyond.
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#Year #Artificial #Intelligence #Mainstream

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