Analytics have transformed the entire corporate world leading to amazing revelations. Businesses need to keep up with the latest trends and advancements in order to stay ahead of the game.
The game changes all the time. On the threshold of a new year, what are the top five predictions in AI and analytics? Make sure to read all about the trends that are about to shape 2021!
AI & IoT Join Forces
The global IoT market has been growing exponentially and its impressive upward trajectory is not going to stop. In the next few years, it will create a huge revenue surpassing $1.5 trillion.
It is about time AI and IoT (systems and devices connected to each other over the internet opting at the best performance) joined forces creating an environment of sophisticated hyper-automation. Since the Internet of Things is penetrating all aspects of society, it is only fair that it does so with the backup of smart software.
Analytics will play a crucial role towards laying the foundations of smart automation to every home, every building, every city.
Cybersecurity Comes First
Be it your home or corporate demands, AI is responsible for upgrading the level of security provided online. With the use of new applications and more advanced software, you can now rest assured that cybersecurity comes first.
In 2021, the field of security is going to bloom. All the repeating threats from home invasions to fraudulent acts, identity theft, and loss of valuable data have made it clear that safety is a priority.
As these threats continue evolving, the need for top-notch AI-powered cybersecurity tools is increasing. Progress should always be celebrated in a safe and secure environment.
Sophisticated Analytics Boost Security
It will not be not long before we are able to enjoy exceptional cybersecurity. Maybe 2021 is the year we won’t have to worry about malicious intent and cyber attacks.
Technology has always aimed at the top, improving every single aspect of life. In this case, it is the will to optimize safety that drives scientists to push forward.
Predictions for Data Fabrics
There is an enormous volume of data out there waiting for you to evaluate and make use of to your benefit. However, quantity does not necessarily lead to quality. On the contrary, it is not rare for companies to get overwhelmed by the data they receive.
Instead of getting drowned in a never-ending pool of data, in 2021, businesses will turn to data fabrics. In order to better manage the data, a single environment is put into effect.
In this way, different systems and sources of information all work together in harmony creating great value for your own data.
Weaving a Web of Useful Data
Big Data is of paramount importance. Therefore, businesses opting for success definitely need to interpret the data in the most efficient manner possible.
Through the use of real-time data integrated into a single architecture, the results provided are outstanding. There are multiple cloud environments in perfect sync with each other to produce the best outcome.
Once the data fabric is woven, the possibilities presented to the company are endless.
Top Trends: What about Ethical AI?
What do you think about AI facial recognition, activated by the government to prevent crime? Would you be willing to bend your moral code if it meant to serve the greater good?
These are just a few of the questions that come to mind when it comes to artificial intelligence and the impact of AI on society. Over the following year, much greater attention will be drawn to ethical parameters.
A whole new world is ahead of us and a lot of things have not yet been discussed. It is important to analyze the pros and cons of AI, settling any pending issues before they become pressing threats.
Moral Dilemmas to Be Settled
One of the major trends in 2021 analytics-wise is strongly correlated with the moral dilemmas, which are about to be reported. How should AI be used? Does the end justify the means?
There are quite a few hazards associated with the use of AI in business as well as in society as a whole. How should we treat AI and what happens when AI makes a mistake and what about unemployment caused by AI? Everybody has come to realize that time is running out and we need to address the elephant in the room.
Decision Intelligence in 2021
Moving forward with predictions about 2021, we cannot help but notice the significant boost in decision making procedures. AI has become more autonomous, smarter, and far more flexible.
As a result, even the most tedious tasks can be performed in an optimized way. Challenging projects involving a lot of time prior to decision making can now be completed much faster without any compromise in quality.
The Future Is Calling
Scientists have been working day and night so as to form the future of artificial intelligence. All these wonderful trends that are about to dominate 2021 are a mere reflection of their hard labor.
The future is filled with surprises, innovations and things that have not yet been conceived as ideas. However, we all need to broaden our horizons and start thinking outside the box.
Final Thoughts
As you can see, AI will be all over the place in 2021. Affecting life as we know it, artificial intelligence will shape the future and offer us amazing leverage in business and daily life.
Analytics have been implemented in intelligent decision-making procedures, predictions based on behavioral patterns, marketing insights and studies.
Set out on this fabulous adventure of 2021 when these predictions and a lot more are about to come true. This is going to be a great experience for us all!
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