Artificial intelligence trends 2020| Digital transformation trends 2020

Artificial Intelligence technology trends are all the hype of recent times. It is fascinating how AI is influencing so many sectors of different industries. 

Ever since the advent of Artificial Intelligence, the fundamentals of Industries started to change for the better. Now, every other company, irrespective of their industry-type, wants in on this one miracle of technology.

The extent of the popularity of AI is that, by 2025, it is estimated that the global AI market will be worth almost $60billion.  

The technology has become so omnipresent that only 33% of consumers are aware of using AI, and the rest are still oblivious to its presence.

To witness the exponential growth of AI in industries like Medical & Healthcare, Banking & Finance, Transportation, Retail & Commerce, Social Media, Manufacturing, and Business, we have dissected the trends into specific industries. 

So, here are some amazing AI Technology Trends bearing witness to the opportunities it brings into these sectors, and also the impact of AI in 2020.

1. BLOCKCHAIN

Blockchain is hyped technology, which has created momentum in all industries. Now AI with Blockchain is simply the best of both worlds. It is so, for you get benefits such as Better transactions, high-quality data, decentralized intelligence, lower market entry barriers, greater transparency, improved artificial trust and what not.

blockchain will continue to advance toward 2020. Companies have spent over $1.5 billion on blockchain technology like Ethereum and Hyperledger already, with no signs of the spending to stop — on the contrary, the number is expected to rise to $11.7 billion by 2022.

2. INTERNET OF THINGS (IoT)

AI in IoT is beneficial for both real-time and post event processing. In the former one, AI helps in identifying patterns in data sets and running predictive analytics. While in Real-time processing, it assists in giving quick responses to conditions and collecting knowledge of decisions about those events, for example, remote video camera capturing images of license plates for the parking payments. 

There is a whole world out there where the integration of AI in IoT connects every device with each other to enable them to perform additional functions. 

3. CLOUD

Cloud computing has made forays for years already, but with the growth of quantum computing, public clouds, enterprise IT interest, Kubernetes, and cloud spending, TechGenix rightly asserts that the cloud is a rapidly changing IT environment. And to keep up with this digital transformation, enterprise leaders need to be more adaptive than ever.

Another key area in which cloud will develop in the near future is cloud services. The rise of PaaS (Platform as a Service), IaaS (Infrastructure as a Service), and SaaS (Software as a Service) illustrate the demand for the simplicity offered by the cloud. TechGenix predicts that PaaS usage will rise from 32% in 2016 to 56% this year, and points out that open source developers are paving its way forward as well.