A new year means new possibilities, especially when it comes to Artificial Intelligence (AI). In 2023, trends in AI technology will be more prevalent than ever before!
All of us want to stay competitive when it comes to technology, and this is especially true for artificial intelligence. As a result, the Australian government has launched an AI Action Plan in order to position itself as a frontrunner on the globe in producing and harnessing dependable, protected, and responsible AI.
While AI has been around for some time, the potential of its application is growing exponentially. And this year, we can expect to see some exciting new trends in the world of AI.
Here are the top 10 trends in AI that will be making waves this year:
1. Ethical and More Responsible AI
For something as big as artificial intelligence technologies, it’s important to think about their implications and potential consequences. Especially now that business offer AI-as-a-Service, there are more opportunities to harness technology in ethically responsible ways.
Businesses are bringing in AI ethicists to ensure they’re using the technology responsibly and creating AI systems that are explainable, unbiased, and trustworthy. So we expect that in 2023, AI will be guided by a set of ethical principles to minimize any adverse or “black box” outcomes.
In addition, more regulations and laws will be in effect to ensure AI technologies are being used to the benefit of society, not against it. If you are planning to start the year with a new AI venture, be sure to familiarize yourself with the latest rules and ethical guidelines.
2. Mass Accessibility of AI
Given the immense technology and worth of AI, it’s critical to ensure that everyone, from companies and organizations to individuals, has access to its advantages. Fortunately, in 2023, more and more will have access to artificial intelligence technology.
The democratization of AI is paving the way for more innovative and creative uses of the technology while also making it more accessible to those who need it. Apps, whether in marketing or supply chain, we can already see the application of AI, but there’s tons more on the way.
By making this move, business leaders and organizations will be able to conquer the obstacles stemming from the AI skills gap caused by a lack of qualified data scientists and AI software engineers.
3. Increased Accuracy with AI + Predictive Analytics
Many years ago, no one could ever predict future trends with the accuracy that’s now possible with predictive analytics. Through the combination of internal and external data using sophisticated statistical algorithms, it’s able to provide comprehensive solutions.
In 2023, the accuracy of predictive analytics is expected to increase even further. Pairing AI with predictive analytics will open up a myriad of possibilities and allow organizations to make informed decisions based on accurate insights.
This is especially important to help industries in healthcare, manufacturing, and even financial institutions monitor performance and predict future outcomes. It also helps manage cash flow efficiently, which can make a huge difference for businesses of all sizes.
4. Unlocking the Power of Generative AI
Not only does AI development streamline mundane, repetitive tasks with ease, but it is also revolutionizing the creative industry. We’ve seen how OpenAI created GPT-3 and other variants, such as DALL-E, for image creation; these tools produce text and visuals that are almost indistinguishable from those made by humans.
The growing branch of AI tools known as Generative AI is an exciting one. In 2023, it will become more embedded in the creative industry and beyond, unlocking the potential of advanced AI-driven creativity.
On top of natural language processing, Deepfake speech and image are also expected to improve this year. With the rise of synthetic data, businesses can now create audio and video content with ease. Rather than spending time capturing film or speech for videos, simply input what you want your audience to see and hear into generative tools—AI will do the rest!
5. Working with AI for Higher Customer Satisfaction
Healthcare, financial services, retail, and hospitality—all industries need to offer their customers a pleasant and seamless experience. This is where AI comes in.
Customer interactions are being enhanced to emulate human-like interactions with the help of AI as it works to provide personalized, intelligent solutions. It will collect customer data and use it to anticipate customer needs and preferences, providing a more tailored and comprehensive customer service experience.
In 2023, we can expect more services and products to be powered by AI to create a more delightful and effortless buying experience. We’ve already witnessed it playing an increasing role in our homes as AI-powered virtual assistants are becoming mainstream, but it’s now time for AI to be integrated into all aspects of customer experience.
6. No Data is Big with Quantum AI
Big data is no longer necessary to drive deep insights. Thanks to quantum computing, AI can now access and process a vast amount of data without much difficulty. In 2023, powerful quantum AI algorithms will allow organizations to gain deeper insights from massive data collection sets than ever before.
Organizations that are already leveraging the power of quantum computing will have a significant advantage over those that are not. Patient data, analytics, product data, and more can all be processed with ease for better decision-making.
Most importantly, security systems will become more robust as the rise of current AI trends will be supported by quantum computing, providing greater protection and privacy.
7. The No-Code Revolution
Low-code or no-code tools are making huge waves right now. In 2023, these tools will become even more popular and commonplace in the business world.
Developing apps and websites will be swifter than ever before, granting companies the capacity to make their products and services more available. By utilizing this system, companies will save time and budget in the development process, allowing them to launch their product more quickly.
Moreover, these no-code artificial intelligence trends will also help boost the efficiency of internal processes, such as HR management or customer service, as these tools will help streamline day-to-day activities.
8. AI for Sustainability and Environmental Impact
Sustainability is a major concern that has been gaining visibility in recent years. In the Cryptocurrency industry, they’ve made steps into making their services energy-efficient with Proof-of-Stake.
In 2023, this trend of using AI for sustainability will rapidly surge in the industry. It can be used to tackle a variety of other operations as well. It could use computer vision with satellite imagery to detect illegal logging and fishing activities that are impacting biodiversity both on land and sea.
This year, we have an opportunity to leverage artificial intelligence trends for the advancement of environmental sustainability. By utilizing AI with a focus on corporate and human interests alike, we can create a brighter future for generations to come.
9. AI Protects and Secures Data
While intelligent automation is big in the game of AI today, it doesn’t mean that it doesn’t need security. Although there is no exact data on the number of people that get hacked every year, it’s been estimated that more than 2,200 cyberattacks occur daily.
In 2023, we can expect to see a greater emphasis on data privacy and protection as organizations become increasingly aware of the importance of keeping customer and organization data safe. AI-driven security solutions such as facial recognition, pattern recognition, motion detection, and image recognition will become more commonplace to protect data.
The virtual world is full of threats, and AI security is essential to keeping data safe and secure. In 2023, AI-based security solutions will be the cornerstone of data protection in organizations.
10. Artificial Intelligence is Here to Stay for the Long Haul
AI has become the main source of information in the world and is a new tool that has been developed for global purposes. And this won’t be the last time we discuss artificial intelligence trends.
In the years to come, AI will become even more prevalent and widespread throughout society as we continue to find new ways to leverage business processes, automation, and, as we are seeing now, in the creative field!
A few organizations are looking into using AI development to solve global challenges and bring about real change within society. Examples include using AI and machine learning techniques to combat climate change, create better healthcare systems, and provide access to educational resources for all.
Do You Want to Use AI this 2023?
AI has come a long way since its inception and will continue to develop in the future. And soon enough, these latest artificial intelligence trends will become norms for every individual, business, and industry.
At StarTechUP, we advocate utilizing new technologies in software development. We are here to support you in incorporating AI trends into your systems and operations.
We offer advanced software development technologies if you want to get started on building your business’s online presence. Or we can help you set up systems for automation, optimization, and analytics if you need to scale your operations.
You can reach us today for a FREE consultation to learn more about the custom software development services we can offer for your organization!