Introduction: Artificial Intelligence (AI) has taken over the world and will continue to advance in 2023. In 2023, it will fully realize automation in supply chains, virtual assistants, and various other products and forms.
The world is currently experiencing a wave of AI-driven global economic transformation.
Currently, AI technology has made significant progress in almost every field, from finance, automotive, gaming to healthcare. For example, some restaurants can plan menus based on customer preferences, and chatbots can provide virtual assistance to users without human translation.
From personal visits to e-commerce sites for purchasing clothing and daily necessities, platforms utilize AI personalization, making it hard for users to leave their comfort zones, and the application of artificial intelligence is rapidly growing across every industry.
AI technology is evolving and setting new milestones for the digital world. The wealth generated reached nearly $387.45 billion in 2022, and it is expected to exceed $1.3943 trillion by 2029, representing a huge market opportunity.
Trends in AI Technology Transformation in 2023
Alphabet (Google) CEO Sundar Pichai recently stated, “The impact of AI on humanity will be more profound than fire, electricity, and the internet.” This possibility will be an eternal theme, from providing personalized marketing for businesses, vehicle tracking to remote document collaboration.
This technological revolution has already impacted the world, with various industries implementing digital transformation.
According to research by the International Data Corporation (IDC), global enterprise spending on AI is expected to exceed $500 billion in 2023, and the widespread adoption of AI will continue to reshape various industries and the globe.
In the past five years, the number of AI technology patents granted by the U.S. Patent and Trademark Office has surged. During this period, the number of AI-related patents published increased from 3,267 in 2017 to 18,753 in 2021. According to Bloomberg’s search of U.S. patents, as of November 2, the U.S. Patent and Trademark Office has published 15,992 AI-related patents this year.
Let’s explore the major trends that will have a long-term impact in 2023:
1. AI Innovation Will Shift the Focus of Model Governance
Governments, industries, and consumers are caught in a dilemma between increasing bottom lines and complying with information security legal standards (such as the General Data Protection Regulation (GDPR)).
By bringing visibility and transparency to model governance, AI technology will produce more comprehensive outputs in 2023. Additionally, industries worldwide will establish and maintain good traceability and accountability for technology.
2. Natural Language Processing (NLP) Will Replace Typological Approaches
NLP is currently the most widely used AI technology, capable of understanding human conversations and effectively reducing the need for text format input.
NLP technology can analyze different programming languages and convert them into computer code, significantly improving the efficiency of applications and websites. For example, YouTube has adopted AI-driven NLP technology, allowing users to search, play, and access other controls via voice.
3. AI-Driven Hyperautomation Will Continue to Make Waves
AI technology works in conjunction with computer-based mathematical algorithms, making it fast and accurate. Based on this, businesses hope to integrate AI into all their workflows.
In return, AI tools have almost automated everything from user identification and remote onboarding to payment cross-checking. Therefore, AI is about to replace human jobs with robotic processes.
4. AI Will Automate Recruitment Practices
The recruitment sector is returning to pre-pandemic levels, hoping to predict the demand for skilled employees will surge. However, this process is becoming more complex with the increase in fake resumes and even fraud.
With AI algorithms, offices and other workplaces can improve the recruitment process by conducting a series of background checks in the shortest time possible. Thus, companies applying IT will find it less burdensome to hire employees from different disciplines such as philosophy, education, social sciences, and IT.
5. AI Will Become the Sole Gateway to the Metaverse
Predictions suggest that by 2030, the Metaverse will reach $678.8 billion. This field, often referred to as the virtual world, is an AI-driven 3D algorithm network accessible through augmented reality (AR) and virtual reality (VR) devices or headsets. AI will further drive the adoption of the Metaverse by introducing avatars, real-time land purchases, and construction strategies.
Additionally, businesses are expected to create a new virtual world atmosphere similar to reality in 2023.
6. AI Will Change Cybersecurity and Data Protection
As digital transformation permeates almost every field, the destructive costs of cyberattacks have become more sinister. Cybercriminals can infiltrate 93% of companies, including so-called security protection systems. While some organizations migrate to more remote worlds, cybersecurity risks do not seem to decrease with the addition of more devices to corporate networks.
The application of AI technology will address this issue from the core and play a crucial role. AI-driven systems can easily detect suspicious activities, ultimately improving cybersecurity.
7. Conversational Chatbots Will Replace Employees
AI is fundamentally changing the on-site experience by introducing learning chatbots. From answering questions and queries to understanding human preferences, it has left a profound mark on almost every life and work process.
Conclusion
2023 has arrived, and the new trends in AI technology will positively impact operations across every industry globally.
As a transformative technology, it will elevate the economy to higher dimensions and generate more wealth. The concept of the virtual world will accelerate social interactions, while workplace management will continue to effectively facilitate more people.
Therefore, businesses or individuals who do not utilize or understand the importance of AI will find it challenging to survive, grow, and develop in the competitive world of 2023.
Author: Chang Zhang
References:
https://dzone.com/articles/top-7-artificial-intelligence-ai-technology-trends
Source: Beijing Internet of Things Intelligent Application Technology Association
