In 2023, artificial intelligence was the major topic in the news, and this year would be no different. The year 2024 is expected to be a watershed moment in the advancement of artificial intelligence. Artificial intelligence will undergo a tremendous transformation, opening up new opportunities and challenges. Let’s take a deeper look at these emerging artificial intelligence developments that will undoubtedly revolutionize the corporate environment in this year and beyond.
On-Device AI Assistants
It is increasingly expected that broad artificial intelligence will ultimately migrate from the cloud to personal devices. It is expected that the year 2024 and beyond will mark the beginning of the era of on-device AI assistant solutions. This is a technological innovation that goes beyond convenience, bringing the power of artificial intelligence directly into your palm.
The future will revolve around the democratization of artificial intelligence. In the future, smart gadgets like smartphones, wearables, and other smart devices will be intelligent partners that anticipate individual preferences.
Multi-Modal AI Models
The initial generation of generative AI models focused mostly on certain skills. Depending on the model, producing text, mathematical formulas, analytics, or images may be more efficient. This year, we expect to witness the launch of multi-modal artificial intelligence models. They will be characterized by their ability to process text, pictures, and audio at the same time, allowing them to conduct more seamless work and behave more humanely. We are already witnessing the results of OpenAI’s GPT4 Turbo Vision and Google’s Gemini LLM, which are direct answers and competitors to OpenAI and chatGPT. Each of these models is the initial step towards constructing more complicated multi-modal models.
More Personalisation
Personalization is essential for building a successful business or customer connection strategy. Artificial intelligence enables the use of data to provide customized ideas and experiences, as well as the ability to strike the right balance to avoid infringing upon personal privacy.
Personalization is an important component of a communication and customer engagement strategy that has a vital effect on a company’s overall performance.
However, to have a significant impact on the customer experience, a considerable amount of data must be collected. However, what is the point of acquiring so much data if it is not used correctly or at all? What actions can we take to close the gap between collecting massive quantities of data and simplifying and personalizing communication?
One of the advantages of artificial intelligence in this situation is its ability to fully utilize data via automation. This enables firms to provide customers with the most customized experiences and ideas possible.
AI Legislation and Regulation
The importance of responsible development and setting standards is growing as the scope of artificial intelligence expands. Significant progress in AI law and regulation will have been made by 2024. Currently pending in parliament, the EU Artificial Intelligence Act is an audacious example of an all-encompassing AI law. Openness, risk evaluation, and human monitoring are all part of it. The AI for the American Public Act of 2023 emphasizes the growing importance of AI’s public-benefit applications by proposing the establishment of an AI commission to oversee and guide AI research and development. These efforts show that there is a worldwide movement towards ethical AI development and will make sure that everyone may reap the advantages of it.
Augmented Intelligence
Augmented intelligence, also known as the use of artificial intelligence (AI) and machine learning (ML) technology to improve human skills and decision-making, is commonly used in fields where human knowledge is critical, such as healthcare, finance, and data analysis, to assist experts in making more informed decisions. According to a McKinsey report, the impact of generative artificial intelligence will extend beyond traditional employment, radically changing the knowledge work undertaken by people with higher education levels.
AI Planners
Does your company send out emails to staff asking for timesheets or other basic tasks?
Although it is a routine duty, many firms employ a person in charge of sending out the weekly message. AI planners may be trained to recognize people who have not completed a task and then remind them of it. Furthermore, it may discover issues with the timesheets they have submitted and recommend that they make any required changes.
However, this is merely a generic example. Complex projects, such as product development, engineering, or building, include several layers of people and activities.
AI planners enable the linking of several smaller activities and logic to complete complex tasks that bring greater value, which is often thought to be something that only humans can achieve.
