Over the last decade, Artificial intelligence (AI) has become deeply embedded in every aspect of our society and lives. From smart assistants to self-driving cars, automated healthcare management, virtual assistants, and smart industrial machinery, AI is changing the way business is run in major industries.
However, we firmly believe this is only the beginning. As technology evolves, we’ll see more AI use cases in our everyday lives, utilizing data more effectively and delivering an enhanced experience. IDC research predicts that worldwide spending by governments and businesses on AI technology will reach $500 billion in 2023.
With this fast-growing market in mind, what advancements can we expect to see next year? This blog explores the key trends our AI experts at Wizeline believe will dominate the world of AI in business in 2023. Let’s dive right in!
5 AI Trends to Look Out for in 2023
Generative AI (GAI)
Generative AI refers to machine learning algorithms that enable computers to use existing content like text and media files or even code to create brand-new content. For now, there are two major use cases for generative AI models:
- Generative Pre-Trained (GPT) language models using information collected on the web to create text content like blogs, press releases, or whitepapers.
- Generative Adversarial Networks (GANs) which are used to create visual and multimedia artifacts from imagery and text data.