Imagine a world where machines can think, learn, and make decisions just like we do. They can understand emotions, communicate seamlessly, and work alongside us to make our lives easier. This is the future of AI—a world where truly smart artificial intelligence will be a reality.
The global Natural Language Processing market was worth $11 billion in 2020 and is expected to reach $340 billion by 2030, growing at a CAGR of 40.9% from 2021-2030. With such advancements in machine learning, natural language processing, and computer vision, we are getting closer than ever before to creating AI that can truly understand and interact with the world around us.
Let's talk about the 8 areas where AI is likely to advance in 2023.
1. Voice AI
The latest voice search statistics for 2022 show that 71% of users prefer voice search over typing, and this is increasing at a steady rate. One reason is the increase in remote work. As remote work is increasing, more smart devices are being used at home, which has helped speech solutions streamline business processes.
NLP, speech recognition, and text-to-speech technologies, which let computers understand and respond to human speech, will be in the spotlight in 2023, and more and more big tech companies will start using and integrating them into their processes.
2. Fair, Transparent, and Accountable AI (FTAI)
According to the 2022 IBM research on AI Ethics in Action, 80% of CEOs are willing to incorporate AI ethics into their AI practices, 75% believe ethics matter, and 65% believe their companies outperform their peers in AI ethics in sustainability, social responsibility, diversity, and inclusion.
This data makes sure that artificial intelligence (AI) is built and used in a way that is fair, responsible, and clear. It also makes sure that AI systems don't treat certain groups of people unfairly and that their decision-making processes are clear and easy for users and other stakeholders to understand. And with this kind of development that IBM has revealed, it should do even better in the years to come.
3. Cognitive Security
The global cyber security market is expected to grow at an 8.9% CAGR during the forecast period, from USD 189.9 billion in 2023 to USD 266 billion by 2027. Do you really believe it will have no effect on AI services?
In 2023, it will be clear that more artificial intelligence (AI) and machine learning (ML) technologies will be used to improve the security of systems. This can be done by using AI to find and respond to cyber threats, analyzing large amounts of data to find patterns that point to a possible attack, or automating the process of protecting networks and systems from cyber attacks.
4. Generative AI
Generative AI tools will also become more popular in 2023. ChatGPT, for example, had one million users in a week. If you compare it with some other mainstream apps, Instagram got there in 2.5 months, while it took Facebook ten months. OpenAI, which made ChatGPT, says that more than 1.5 million people use DALL-E every day to make more than two million images. More of it will happen in 2023.
Generative AI is a type of artificial intelligence (AI) system that can make new text, images, or sounds. These systems learn from large sets of data and can use what they've learned to make new examples that are similar to the ones they were trained on.
5. Responsible AI
The development and use of artificial intelligence (AI) in a way that is socially and environmentally responsible is also gaining traction. Accenture's 2022 Tech Vision research found that only 35% of consumers around the world trust how companies are using AI, and 77% think that companies should have to answer for how they use AI. This thinking will also push
2023 will also be about ensuring that AI systems do not contribute to environmental degradation. To make AI more fair, inclusive, and resilient, it's important to think about how it will affect society, the environment, the economy, and people in the long run.
6. DevOps for ML
Another trend that will be common by 2022 is the use of software engineering and operations practices to manage the development, deployment, and management of machine learning (ML) models.
It can include practices like version control, testing, monitoring, and continuous integration and deployment of ML models, as well as the use of tools and platforms made just for MLOps. The goal of MLOps is to make it easier to deploy and manage machine learning models in production environments and make it easier for people to work together on machine learning projects.
7. Federated Learning
One important aspect of machine learning that few people discuss is federated learning. It is doing outstanding work in the field of health science. In this scenario, multiple devices or users train a machine-learning model together. Each device or user trains a copy of the model with their data and sends the updated parameters (data) to a central server. A new global model is created by averaging or combining device parameters.
This allows models to be trained with a larger and more diverse data set and improves privacy and security since the data stays on the device. It's used in data-distributed applications like mobile, IoT, and edge devices.
8. Pre-Trained Language Models (PTLMs)
Large Language Models (LLMs), which are a class of artificial intelligence models that are trained to perform a wide range of natural language processing (NLP) tasks, such as language translation, text generation, and text classification, are getting more recognition after the release of GPT3. This trend will change quickly in 2023, and language models will be used more and more in our daily lives. Many things will also keep getting better.
LLMs are trained on large sets of text, like books, articles, and other documents, so they can learn patterns and relationships that help them do their jobs better. They are very good at tasks and have billions or trillions of parameters, but training them takes a lot of computational resources and data.
AI is looking brighter than ever in 2023. With advances in machine learning, natural language processing, and computer vision, we are close to creating truly intelligent artificial intelligence that can understand and interact with the world. It has the power to change our lives in healthcare, finance, and transportation. It has the capability to understand emotions, communicate well, and help make our lives easier.
The opportunities are numerous, and the possibilities are endless. So, let's embrace this exciting future with open arms and be ready to explore the endless possibilities that AI will bring to our lives.