While China & the US are battling to become the world’s first artificial intelligence superpower; back home we are figuring out 10 predictions on artificial intelligence in next 20 years. When USSR launched the first ever artificial satellite, Sputnik 1; it impelled the United States into a frenzy of competition. And this tug of war finally led the humans to land on the moon.
Now six decades later, the world is most likely going to experience another “Sputnik” moment. However, this time it’s not the US but China is the one, who is getting the wake-up call. The goal, this time is not space but the much-hyped Artificial Intelligence.
China took the first ever initiative by creating AlphaGo, a computer program that plays the board game Go. This AI system was invented by a Chinese company, DeepMind based in London. The founder, Dr. Demis Hassabis is a former child chess prodigy and is half Greek and half Chinese and holds British nationality. In 2016, South Korean master Lee Se-dol lost to AlphaGo at the ancient Chinese board game Go. And in 2017, this world’s first ever AI also defeated the Chinese world champion, Ke Jie.
AlphaGo has influenced the Chinese Govt. so much so that it is now investing in this technology in full bloom. Looks like China’s intentions in this field are crystal clear – to become the world’s leader in artificial intelligence by 2030.
Anthony Mullen, Research Director at Gartner had this to say,
“Right now, AI is a two-horse race between China and the US.” And, says Mullen, China has all the ingredients it needs to move into first. These include government funding, a massive population, a lively research community, and a society that seems primed for technological change.”
Having said that now the trillion-dollar question is – Who’s going to make the killing?
Who is going to win the AI race – US or China?
Image source: investors.com
If China’s 1.4 billion population is a data mine for building their AI sector, the US had also funded irresistibly $76 billion out of the total $176 billion investment in AI worldwide.
While most of the countries including Russia are geared up to predominate AI, China and the US are already cutting each other’s throat by becoming the world’s biggest rivals in artificial intelligence, whether it’s Luke vs Darth Vader, Alien vs Predator, Rocky vs Ivan Drago.
Now this AI war has raised some serious speculations of which we’ve listed out 10 predictions on artificial intelligence in next 20 years and it’s going to affect industries and humans on the whole.
Let’s now focus on the near future, say what will be AI in the next 5 years?
Image source: youtube.com
Forecast #1 – Enhanced speech, voice & image recognition will be certainly attained just as in the 2002 movie, Minority Report. Such advanced features will certainly alter the way we’re now interacting with our devices.
Forecast #2 – PAs will be replaced by conversationally-driven AI assistants. Advanced context-oriented visual interfaces will take over, thereby amplifying in-depth interactions.
Forecast #3 – More & more devices will run individually. Imagine a live virtual voice on the other side when you call a support line. And imagine airplanes being flown by machines and not by pilots.
Forecast #4 – AI will be commonplace in the industry. Right from the top players to the startups, enterprises will be using more of AI than any other platform in the near future. Here are the statistics for number of startup companies working in the artificial intelligence (AI) sector worldwide –
AI will continue to be rigorously adopted by companies worldwide with each passing year, thereby enabling them to extract information from all the possible data source that is being generated.
Forecast #5 – AI is going to revolutionize the medical world. There will be several breakthroughs in the drug discovery in the coming 5 years, thus simplifying human lives. Artificial intelligence will lead to cutting-edge methods right from disease prediction, diagnosis, and treatment to making cleaner and more efficient chemical engineering systems.
Now let’s have a look at the bigger picture…
Artificial Intelligence in next 20 years
Image source: techfinancials.co.zas
Forecast 6 – AI-induced education system will define the future of academics and students. AI will grow beyond what we know today just as Dr. Will Caster, the role played by Johnny Depp in the 2014 movie, Transcendence. AI will play the role of a curator, it will analyze the content, generate and also amplify the content in the first place.
Forecast #7 – Improved personal hypothesis systems will create an entirely new artificial life form. AI will revolutionize the design, curation, and improvement of the already existing AI-induced algorithms. AI will alter the following fields –
Forecast #8 – Intelligent Internet of Things will be more prominent. Internet will inject into all the possible aspects of human life and all sorts of industries including cloud computing and Big Data/Analytics. The intelligent IoT will alter the entire Internet practice as a whole. A new artificial intelligence ecosystem will definitely proliferate in the next 20 years targeting everything from healthcare, transportation, and telecom to public safety and banking.
Forecast #9 – Quantum computing extensions will be commonplace in future. Breakthroughs in AI distribution across multiple machines will recast the data transaction procedure. In the next 20 years, algorithms will run in parallel efficiently over thousands of Graphical Processing Units (GPUs) on each computer.
Forecast #10 – Artificial intelligence will be vulnerable. AI will also be used for purposes, say by the military of various nations against each other. It’s now a major concern whether AI will save or end the humanity that time will only tell…
Image source: futuristgerd.com
And while the tug war continues among US, China & Russia, it’s pretty obvious that the artificial intelligence will change the world at breakneck speed. And as we write, already history is in the making in various sectors across industries through AI and IoT.
Happy Reading!
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Internet of Things Market Forecast
As per the Internet of things market forecast by one of the most influential researchers in the world Forrester, the IoT is soon going to become the backbone of future customer value. Forrester also predicts that there will be a complete paradigm shift for networking, pushing the IoT infrastructure to the leading edge. Software developers will have a significant impact on specialized platforms, whilst keeping security as a key concern.
“Despite continued security problems, the IoT will spread and people will become increasingly dependent on it. The cost of breaches will be viewed like the toll taken by car crashes, which have not persuaded very many people not to drive.” ~ Richard Adler
The swift advancement in the IoT solutions, interoperability and its concurrence with Artificial Intelligence and other cutting-edge technologies will make 2018 a pivotal one for IoT. The Internet of Things services have started to put their influence on the mainstream across all industries. If reports are to be believed, IoT investment is set to increase by 15% and will reach $772.5 billion by the end of 2018. And the gold rush is officially here! The endless prospects and ingrained applications surrounding the Internet of Things (IoT) have led the IDC to research and predict that it is growing rapidly. With a CAGR of 20.7%, IoT in the future will become a $1.46 trillion market by 2020 thus suggesting almost every company wanting a slice of it.
Source: Wikipedia.org
The endless prospects in Internet of Things Services
The endless prospects and probable applications proclaiming the Internet of Things services have been well spaced out over the recent years. The internet of things future trends is at a turn over the phase in terms of acceptance as we are already one month into 2018. This year experts believe will witness further growth in the “things” i.e. increase in integration of a number of connected devices and enterprise IoT projects.
IoT projects are soon going to take a huge leap – from automating business processes to the converging industries by establishing all-inclusive new business models and revenue streams. This will be due in part to the concurrent rise of synergistic technologies such as artificial intelligence (AI) and fog computing, as well as an industry-wide move towards greater interoperability, standards, and collaboration.
IoT future applications enable the everyday devices to connect and transfer data to each other. The Internet of Things future scope is already making its place in the consumer world, with devices like smart home alarm systems, temperature regulators, lighting devices and energy monitors to name a few. The recent survey on the future development of IoT shows that around 29% of enterprises have already integrated Internet of Things solutions, and this is expected to rise up to 48% by the onset of 2019, as startups are being intermittently acquired following the benefits of IoT.
The speculations regarding IoT Gold Rush
Having said all that the most concerning question that has been haunting more or less the enterprises in the digital industry is if companies should fetch the IoT gold rush or consider security standardization before availing it.
With the IoT wave sweeping crash project ahead, customers are now speculating about the enormous security risks involved with the IoT solution and services. They suspect that the inflow of over and above components into any company’s network might lack security measures for IoT devices, thereby indicating there is a loophole in the perimeter of any home or business that has installed IoT devices.
However, such apprehensions haven’t stopped the marketers to keep looking for innovative ways of interacting with customers. They are constantly trying to build user-friendly brand experience by adding smart IoT solutions, for instance integrating new interfaces into smart home speakers or smartwatches. Internet of Things had enabled an enormous increase in sales of more than 12.8 million units of smartwatches in the US alone in 2017. As per Forrester’s IoT market forecast, wearable usage is going to remain a niche in the years to come.
Source: rbccps.org
The Iot Gold Rush is finally here
Irrespective of all sorts of speculations, the IoT devices forecast suggests that companies soon will be taking an all-inclusive approach towards IoT solution development services. In 2018, IoT will continue to advance the “eco-economy” i.e. both the multinationals and the startups will join hands to co-innovate and co-develop IoT solutions. A new ecosystem of partners will emerge to undertake large-scale IoT projects.
And there will be a global scale, breakneck move to open security standards, open planning, interoperability, and regulations. This will lead enterprises to experience IoT’s full potential, enabling their businesses from steady to monumental improvements. Right from the merging of the Internet of Things with Artificial Intelligence, to stronger IoT security and enhanced interoperability, the gold rush of IoT is finally here! Click here to know more.
Happy Reading!
