Artificial Intelligence: Top Prediction for 2024

Artificial Intelligence, also known as AI, is a machine that mimics human intelligence. These computer systems include machine vision, expert systems, speech recognition, etc.

According to research, more than 75% of device users have the features of an AI, and people have started integrating AI machines into their daily lives. The features include voice assistance, chatbots, fingerprint security locks, and speech recognition. 

With AI becoming more common, artificial intelligence is predicted to become one of the biggest IT trends. Learn more about the predictions of artificial intelligence for 2023 in the next section. 

10 AI Predictions You Need to Know in 2023

Experts predicted that artificial intelligence will become one of the IT trends dominating the market in 2023. With the growing usage of AI technology, it is not surprising that AI is becoming a huge trend.

In 2022, the value of the artificial intelligence global market was more than $136 billion. It has grown from the $93.5 billion market size in 2021. These numbers show how AI technology is thriving in the digital space.

With AI's rapidly increasing market size, users have become more interested in knowing how AI makes life easier. The following section will discuss AI predictions that users need to know in 2023. 

Increased Awareness and Ethical Concerns

Artificial intelligence is becoming more integrated into people’s daily lives. AI can now work for stores, digital arts, writing, and even user’s home.

According to Pew Research, 27% of their American respondents interact with AI systems at least several times daily. On the other hand, 28% of Americans interact with AI about once a day, and 44% say they don't frequently use it.

Humans are slowly getting accustomed to AIs.  However, the increasing development of AI in different fields has also raised some concerns.

Here are some ethical issues raised with AI:

1. AI Humanoids Replacing Human Workers

Losing a job is the primary concern of workers with automation. For instance, AI humanoids can automate jobs, replacing workers with routine work. People assume AI to start dominating society, leaving behind people’s employment and cognitive work.

2. Distribution of Riches

Most workers depend on the wages they get from their employers. Using artificial intelligence will reduce the human workforce, which means wages will go to fewer people. As a result, companies with AI will take all the capital, leaving none to workers. 

3. Social Interactions of Human

Humans are social beings. With the start of humanoids doing jobs, whether in sales or customer services, this would lessen the interaction of humans. This adversely affects humans' mental and physical health, such as anxiety and lower immunity systems. 

4. Privacy against Robots

As AI technology becomes familiar, it becomes more powerful. AI machines can cause damage if the controller has malicious intent. In some circumstances, developers would see what the robots see. This situation can be dangerous, especially for the privacy of the users. 

It is essential to stay alert even when using your trusted robot, as you can’t say when your data can leak accidentally or not. 

AI in Business Productivity

Based on research, generative artificial intelligence improves businesses' performance by 66%. It also found fewer work errors and improved the quality of AI products. 

By learning how to use AI machines, the workers are more efficient in their performance than without the AIs. In this way,  AI can enhance the workers' productivity by doing repetitive, time-consuming activities.

Generative AI Transforming Enterprise Applications

Using generative AI transforms the productivity of enterprises. This type of AI can quickly create high-quality content such as images, text, and ideas, which helps enterprises. Companies can use AI to generate brand content and personalization efficiently. 

According to IBM research, 75% of CEOs believe that the most advanced generative AI performs better. CEOs also say their business uses generative artificial intelligence bits to make strategic decisions. 

Different industries and organizations, including manufacturing, sales, and transportation, have received all the advantages of generative AI applications.

AI-Generated Texts in School

Various schools use AI to educate students on emerging technologies.  However, there were concerns about using AI in the school system. 

Recent statistics show that 43% of US college students use generative AI tools. This study found that college students only use AI to complete their assignments and exams, not to study and gather more information.

The following are some of the impacts of generative AI in the school systems. 

1. Plagiarism

It is one of the biggest concerns of educators for the students, as AI machines only simulate human intelligence. Generative AI can’t create an original work. 

2. Misinformation

Artificial Intelligence is almost flawless. However, AI only knows information from its source. Generative AI can create texts based on biases or misinformation if the original material is outdated.

The Promise of Autonomous Vehicles

Autonomous vehicles, technically driverless cars, operate without human involvement. The passenger is not required to be present in the vehicle to take control of it. 

This technology aimed to lessen the road accidents caused by human errors. According to the World Health Organization, an estimated 1.3 million people experience road accidents caused by traffic crashes. 

With these new technology inventions, experts predict they can work toward lessening road accidents and making society safer. 

AI-Powered Devices

Smart devices with AI features can become smart machines that can control and optimize themselves. These appliances would make the user’s lives easier and more accessible.  

Research shows there will be 8 billion AI-powered voice assistants by 2023. All smart devices, such as smartphones, tablets, and even televisions, will have access to AI  features like voice assistants. 

Improved Fraud Detection

Using AI in detecting fraud can reduce the possibility of money scams. AI can help lessen the likelihood of credit card scams by detecting all user patterns. It improves the systems to process more data,  increasing the detection of fraud schemes. 

According to Telus International research, 75% of businesses want AI with advanced authentication without impacting the customer's experience. Most companies trust AIs to identify and detect fraud, considering there is no adverse impact on users.

Greater Market Share on Open Source ML Tools

Machine learning tools is one of the branches of AI that focuses on algorithms and data. It mimics how humans learn and improve their accuracy. 

According to Fortune Business Insights, the market size of machine learning tools will grow from $19.20 billion in 2022 to more than $26 billion in 2023. The advancement of this technology in processing enables experts to create innovative products with AI features. 

Empowered DevOps

Empowered developers make more modern software processes. Based on the latest research of Gartner, approximately more than $4 trillion was spent on IT globally in 2022, an increase of 4% from 2021. 

This $4 trillion spent in 2022 indicates the significant demand for IT experts, especially developers. It also empowers developers to create more inventions while challenging to raise their compensation scheme. 

AI Driving the Future of Customer Experience

Customer services started to use artificial intelligence like chatbots, robots, and other features to analyze customer data. AI can also personalize the customer's experience, as more than 70% of customers expect personalized experiences from companies. 

Customers tend to be more loyal when they experience customized interactions. Artificial Intelligence helps companies achieve customer loyalty by using the company’s history, patterns, and preferences. These details are necessary for customized product recommendations and customer service.

Final Thoughts

Artificial Intelligence is one of the improving technologies, and companies have started to hype them up. This is evident in AI features incorporated into smart devices such as smartphones, smartwatches, and vehicles. 

Integrating AI technology into people’s daily lives has its advantages and disadvantages. This will continue to be the challenge as technology moves forward.