;)
Microsoft is hoping to reawaken the dead…( Yeah, you heard it right!)
And Facebook is working to make the virtual world a reality for us. ( seriously?)
And both of these giants are pinning hopes on a technology whose ‘impact on humankind is going to be greater than even fire or electricity. (according to Google CEO Sundar Pichai).
Yes, we’re talking about artificial intelligence, or AI—arguably the’most transformative technology’ humans have ever developed.
So incredibly powerful are AI trends that they can amaze, captivate, and even intimate you in equal measures, depending on where you stand and how you view its potential or quirks.
And don’t feel intimidated when you have every reason to feel excited, given how AI-powered technologies drive more than 70% of the devices that we use in our everyday lives.
And if you run a business, you can rely on our AI chatbots to ensure great customer service and better conversions.
And if you’re keeping an eye on the latest artificial intelligence trends in 2024, you must be aware of how much AI is now central to the way we live.
Plus, COVID-19 has also taught us how enterprises that ignored emerging trends in artificial intelligence found it hard to survive the changing landscapes in the market. So, you don’t make that mistake.
Artificial intelligence is quite a revolutionary technology with a great degree of dynamism attached to it. Plus, it’s advancing at a great pace by the addition of different disruptive technologies in its cognitive capabilities. Nobody can deny that AI is definitely going to get bigger in the future with new capabilities, and all this can redefine the business landscape in a big way.
Your business needs to be aware of the trends driving AI innovation if it wants to stay ready for the challenges of the new age.
Current trends in AI will obviously make your chatbot a success. We offer more chat features that add great value to your business.
And yes, let’s discuss each of the trends in detail.
According to Gartner, 70% of workers now interact regularly with conversational platforms.
This number is set to rise further in 2024 as experts predict more usage of conversation systems across industry verticals.
However, we also know how current versions of chatbots are yet to become as efficient as needed to answer simple queries requiring a set pattern.
But bots have the potential to perform more advanced tasks easily, especially those powered by the latest artificial intelligence trends.
In fact, the use of conversation AI in the various steps of chatbot development can make bots more efficient and prepare them to handle complex queries with ease and also with a personal touch.
Although many organizations now plan to leverage conversational AI assistants across their processes, they still need to rely on the constantly evolving latest trends in AI to ensure desired results.
Read our blog, The Essential Guide to Conversational AI to learn more about conversational AI.
When it comes to forecasting future trends, we know how most businesses often rely on predictive analytics, which uses statistical algorithms in combination with internal and external data.
This helps them in many areas, such as optimizing inventory, improving delivery times, reducing operation costs, and ultimately increasing sales and revenues.
However, predictive analytics does not always yield the kind of accuracy needed, mostly in cases where historical data fails to predict the course of culture.
All this however, can change this year and we can certainly expect more enterprises to think of pairing predictive analytics with artificial intelligence trends in 2024. Doing this will help them achieve more accurate and timely forecasting.
After all, implementing AI could easily decrease operational costs as reported by 44% of executives across industry verticals.
More importantly, pairing predictive analytics models with AI can be key in improving accuracy level as then you will have up-to-the-minute data for every resource and system.
In 2024, the world is going to have more connected devices than ever before.
And this connection would not be possible without the Internet of Things ( IoT) and artificial intelligence (AI).
Both may be separate concepts but they can well be combined together to transform virtually everything in the way we live, including the way we do business.
In fact, IT experts see how they both together can open the window to more innovation, productivity, and competitive advantages.
To understand it more clearly, you need to know how AI needs data whereas the bulk amount of IoT data might go futile if not leveraged with AI. This is why “AIoT” (Artificial Intelligence of Things) is needed.
In fact, the IDC study found that business leaders had their expectations not only met but exceeded through the use of AI in IoT projects.
The best thing, AIoT can have a significant positive impact across processes and systems for every industry, be it employee productivity, innovation, or operative costs.
Cybercriminals are smarter than you think. They will always find ways through a security system no matter how advanced you make it.
This however does not mean you feel worried and expect more cases of security breaches in 2024.
So, what should industries exactly do to stay on top of security threats?
Well, they need to aim for the adoption of AI cybersecurity as only it can help allay any fears in regard to security breaches.
The focus should also be to leverage more of current trends in artificial intelligence as well as machine learning-based platforms to make it more challenging for attackers.
To achieve that goal, industries first need to understand the emerging AI-powered cybersecurity trends so that they can plan their security better.
Read 6 Ways AI Can Transform Your Customer Experience (CX) to know what else you can do to ensure a great time for customers.
Source
Are you prepared to upgrade to the new-age computational opportunities and challenges?
You indeed are if keep an eye on the latest development in quantum AI and machine learning trends 2024. After all, quantum computing is a new kind of computing with the capability to do mathematical calculations beyond the reach of even our most advanced supercomputers.
And when the need of processing huge amounts of complex databases arises, experts always think of bringing together quantum computing and AI (Artificial Intelligence). After all, quantum computing will fetch results not possible with classical computers.
It’s a pinnacle in machine learning trends and when the power of AI is added to it, it becomes easier to get insights into large amounts of data.
How to make the most of intelligent automation?
Well, the easiest way is by staying aware of the current AI trends in 2024 and then implementing the best that suits your business.
You also need to think of combining artificial intelligence (AI) and robotic process automation (RPA) to leverage intelligent automation and also unlock massive new possibilities for enterprises everywhere.
With RPA technology now using advanced AI skills in the form of machine learning, NLP, and image recognition, this will make robots more powerful in terms of handling cognitive processes of various dimensions.
RPA can serve as a vital cog in the delivery system for companies that look to accelerate their integration of AI into key activities and decisions. This is how robots can help automate decision-making processes and do complex analyses to simplify everyday operations.
To make the most of intelligent automation, you need to be aware of the current AI trends in 2024 and then implement the best that suits your business.
AI-powered chatbots can bring more benefits to your business. To know them all, read our blog on 10 Awesome Chatbot Benefits for Your Business
With great potential comes greater risks.
In 2024, artificial intelligence trends will evolve more and this can be both, either a challenge or an opportunity, depending on how you use it.
Whether to use this potential for the good of society or serve its own selfish purpose, is something that falls under the purview of responsible AI.
So, in the backdrop of immensely growing AI trends and technology, enterprises need to ask these questions to themselves –
Whatever your response, there is always some merit to joining those 20% of companies that have an ethical framework in place with the use of AI.
And the most important part is, you’re never late to start making plans to improve the governance of AI-powered processes and systems.
Covid has changed the way we look up at healthcare. It has forced us to look for contactless and digital treatments.
Among many other things, it also taught how treatments might not look the same in the coming years, starting from 2024 itself.
Well, the ‘treatments of the future appear more of a reality than science fiction as robotics and AI are continuously enabling enhanced medical decision-making powered by machine learning.
To go a step further, AI and ML tools are already being used in healthcare to get insights into human health, recommend preventive steps to people and help doctors remotely track the health of their patients.
With AI, the world is set to witness a transformation in how healthcare is delivered with a visible improvement in productivity and efficiency of care delivery.
And with the potential to transform patient outcomes, Artificial Intelligence (AI) is going to stay at the forefront of the emerging revolution in healthcare.
To get more clarity, read our blog on 14 Real Life Chatbot Examples to Implement your Bot Strategy.
When it comes to our hard-earned money, we like to trust only experts, whether in person or technology.
And artificial intelligence is something that has won the trust of many and it will hopefully add more admirers to its kitty.
After all, financial institutions have already adopted automation to some of their routine processes and now their focus is on adding AI into the mix to unlock new possibilities.
The use of recent trends in artificial intelligence will help build robust digital capabilities and therefore help deliver a great customer experience.
AI will be used for more specialized automation tasks — surely more than RPA-driven ones. So, more financial firms will look to leverage the potential of artificial intelligence technology to do a variety of tasks such as offering financial advice, helping customers with money management, etc.
In addition, the use of AI trends will help every financial firm offer tailored products and services to customers together with cutting down internal process deficiencies along the way.
Companies will also use the combination of machine learning, NLP, and AI to boost their operations and change the contours of customer interactions.
Read our blog on Chatbots for Financial Services: Benefits, Examples, and Trends and understand how AI-powered bots are transforming the delivery of financial services.
Source
Natural Language Processing (NLP) is one of the exciting fields of AI which has been a driving force behind many technologies like translators, voice assistants, etc.
So, in 2024, more companies will see the utility of NLP in helping humans speak with machines that comprehend their language.
The NLP technology is evolving and can now better understand the context nuances, and ambiguities of human language.
For that reason, more companies plan to use NLP to draw out insights from large amounts of data and automate tasks like question answering.
To know more about similar AI trends, read our post on Top 12 Chatbots Trends and Statistics to Follow in 2024
Conversational AI is set to grow more as the world fosters digital advancement and businesses plan to enhance customer communication.
Since it enables human-like interactions, you can expect more organizations to leverage conversational chatbots to deliver the best of both worlds – personalized engagements and support at scale.
We, at REVE Chat, help businesses leverage the power of conversational AI to understand users better and take more effective action with fewer steps.
If you use our conversational AI chatbot, it will change every aspect of when, where, and how to engage with people.
For more help, read our post on 8 Proven Ways to Use Chatbots for Conversational Marketing.
AI technologies are evolving at a rapid rate and your business must always strive to keep pace with them. Using the power of artificial intelligence can ensure you stay relevant in the market on the back of improved customer communication.
With REVE Chat, implement the virtues of artificial intelligence chatbot systems and help your business maintain modern trends.
Use our chatbot platform to change the way you approach customer service, marketing, or conversions. Let our adoption of the latest AI trends in 2024 and tools add great conversation depth to your bots and make them incredibly powerful in the true sense.
Start a 14-day free trial, no credit card required
Praveen Singh is a content marketer, blogger, and professional with 15 years of passion for ideas, stats, and insights into customers. An MBA Graduate in marketing and a researcher by disposition, he has a knack for everything related to customer engagement and customer happiness.
As a writer and analyst, he pours the heart out on a blog that is informative, detailed, and often digs deep into the heart of customer psychology. He’s written extensively on a range of topics including, marketing, AI chatbots, omnichannel messaging platforms, and many more.
Mr. Singh also has a passion for subjects that excite new-age customers, be it social media engagement, artificial intelligence, machine learning. He takes great pride in his learning-filled journey of adding value to the industry through consistent research, analysis, and sharing of customer-driven ideas.
Stay updated with the latest trends and ideas we share
Once upon a time, customer acquisition in banking was not a point of concern. Droves of people used to stand...
Ever wondered how you can improve your WhatsApp marketing techniques? Why don’t you try WhatsApp marketing tools to make the...
Keeping up with customer demands for instant support and personalized experiences is tougher than ever. With over 2 billion people...
