5 Artificial Intelligence Trends That Can Help Your Business

In the last few years, several technological innovations have emerged. Concepts like artificial intelligence, the internet of things, and cloud computing have helped reshape the business landscape, creating more room for efficiency and business productivity.

Out of these technologies, however, artificial intelligence has stolen the show courtesy of its ability to mimic human intelligence and help machines and systems emulate human behavior.

Systems that emulate human behavior have helped enterprises simplify work and redefined how organizations interact with their target audiences. It’s no doubt that as business leaders and consumers alike become more accustomed to artificial intelligence, several AI trends have started to emerge on the business front.

Here are 5 AI trends that can help your business scale:

1. Document AI

There’s no denying that document artificial intelligence will revolutionize processing efficiency. A new AI-based technology called intelligent document processing (IDP) has shown the potential to help organizations simplify and revolutionize document processing, thus reducing redundant data entry tasks.

Document AI processing extracts raw data from manual documents and manual forms such as invoices, contracts, and claims and classified this data. Once classified, intelligent document processing converts documents into both structured and semi-structured information.

Businesses rely on this information to make informed decisions. So, intelligence document processing is one AI trend defining how organizations make decisions using classified information and structured data.

2. Low-code and No-code Tech

For time immemorial, coding languages have made entry into software development extremely hard. The existence of sophisticated coding languages such as Kotlin, Swift, CSS, Java, and JavaScript continues to pose barriers to entry into the software development sphere.

Today, automation has proven to transcend the IT department, and business leaders are leveraging automation in other business fronts such as the marketing department, sales, design, and development, as well as the finance department. Organizations are in dire need to automate their processes, especially the previously traditionally manual processes and tasks such as invoicing and data entry.

Due to the demand for highly specialized officers and professionals, most organizations must outsource teams to input data. And neither of these solutions is pragmatic. Luckily, low-code and no-code technologies are gaining more traction in today’s professional landscape.

3. Metaverse

There’s no denying that while the debate surrounding the regularities of the metaverse persists, business leaders are already populating and arranging this new frontier. One of the key elements of the metaverse is artificial intelligence. And already, tech leaders and business moguls are seeking innovative ways to create their space within the metaverse.

For instance, artificial intelligence allows us to overcome the limitations inherent in augmented and virtual reality. In addition, artificial intelligence makes it possible to create realistic 3-dimensional images.

In addition, artificial intelligence has a built-in potential for self-improvement simply because artificial intelligence doesn’t require human intervention or human participation to thrive.

Businesses need to evaluate the following to make full use of the metaverse and exploit its potential:

• They must evaluate 3D models of which systems and objects will primarily be useful for companies and consumers.
• It’s equally important that companies evaluate processes involving partners and clients which can be effortlessly transferred to the meta.
• Finally, business leaders must examine the preferences, priorities, and expectations of their target audience involving the metaverse.

Of special significance is to examine the metaverse as a critical component of customer experience and business reality. The reality of businesses must be critically linked to emerging forms of technology, the metaverse being a special priority.

4. Security and Surveillance

Businesses of all sizes and scales are dealing with new forms of insecurity — from physical breakages to compromises in intellectual property rights. Luckily, a new level of quality in security systems has emerged thanks to improvements in artificial intelligence.

Today, video surveillance systems can be linked to biometric authentication using video and face recognition. This pairing builds resilient surveillance systems. AI-based monitoring systems render themselves more accurate objective identification systems.

AI has helped in the emergence of video capture and image processing software that helps safeguard large public spaces and private properties by detecting slight movements in objectives, thus creating really efficient video surveillance systems.

Organizations that use and rely on sensitive consumer information and protected data such as financial organizations, banks, healthcare establishments, and government can leverage this new technological frontier to safeguard their enterprises and consumers.

5. Data Sharing

Artificial intelligence has paved the way for more data-sharing. Today, more and more companies are collecting unprecedented amounts of data with intelligent software systems. That automatically means that if companies can find a way to classify and distribute data, they can drive valuable insights and guide decision-making.

Improvements in data privacy laws have driven recent trends in AI-assisted data generation. For instance, sweeping regulations like the GDPR and banning third-party cookies protect consumers from privy marketers who always use leaked consumer information to conduct their marketing campaigns.

These regulations, paired with further developments, are courtesy of improvements and new trends in artificial intelligence. They continue to help enterprises protect consumers from targeted information theft.

Contact Bastionpoint for fully managed and co-managed IT solutions that will shape your business.