Unleashing the Future: Ways Artificial Intelligence Will Transform the Industries in 2024

While Artificial Intelligence made its debut in the world of technology a long time ago, the last 2-3 years was the period where AI captured the mainstream attention. As we stand in 2024 today, it is undeniable that Artificial Intelligence is a lot more than a buzzword. With companies across various sectors learning to unlock the potential of AI and individuals from different walks of life using AI to increase productivity, soon Artificial Intelligence will become omnipresent in all the tasks we perform.

With so much happening in Artificial Intelligence and Machine Learning, AI is effortlessly weaving into the fabric of our daily lives. Therefore, let’s dive deeper to understand the AI trends that will transform the world in 2024.

How Artificial Intelligence is Transforming the World: Trends for 2024

1. Standardized Access to AI: 2024 will not only focus on Artificial Intelligence transformation but also on making it affordable and accessible for all so that everyone can explore its full potential for personal and professional growth.

A lot more open-source softwares like OpenAI (Transforms natural language into code in the programming language you specify) and AI platforms like ChatGPT and PyTorch (An open-source machine learning platform for building artificial intelligence applications) are expected to be available making it convenient for everyone to deploy AI applications without professional help or infrastructure.

2. Autonomous Agents Will Rise: Autonomous Agents are expected to emerge as one of the standout innovations in the world of AI. These tools will instruct how Artificial Intelligence can be used to prioritize, generate, and complete tasks without human interference.

For example, with the help of an autonomous agent, if a user enters their task into LLM (Large Language Model), it will form a continuous loop of completing the task and creating follow-up tasks. This practice allows the individual to conduct various tasks like code writing, content creation, website creation, etc. independently.

3. AI for Cybersecurity: One trend that experts are expecting to see in the AI industry is the increase in the use of AI for cybersecurity and surveillance. With many businesses moving to an online model and using a vast network of connected devices, cybercrime has reached its peak.

This year, with the help of AI techniques, more robust security measures can be produced to protect the privacy and sensitive data of an organization. Apart from this, AI can also be used to add an extra layer of security measures like:

• Video analysis 
• Biometric authentication 
• Face and voice recognition

For example, CrowdStrike Holdings, Inc., an American cybersecurity technology company based in Austin, Texas uses Artificial Intelligence to add an extra layer of security to their platform as it allows the users to detect suspicious activities before a breach occurs.

4. Build Real-Time Communications: Artificial Intelligence and Machine Learning tools contributed a lot to the communications industry, however, in 2024, this trend is going to get a notch above. The new-age AI tools will use Natural Language Processing to generate auditory, visual, and text-based data automatically. Also, chatbots like Claude, Personal AI, etc. will be widely used to automate human-like business interactions to provide customers with organizing appointments, answering simple questions, and sending out reminders or personalized offers.

5. Automated Business Processes: Recently, many organizations used AI to automate various business processes to become more efficient and save time. Furthermore, in 2024, more and more companies will be automating their processes using Artificial Intelligence. Also, it is expected that the manual data procedures will be completely replaced by automation. In the coming years, automation will be able to:

• Reduce employee pressure 
• Eliminate human error 
• Boost productivity and efficiency 
• Solve various business problems

For example, Unilever, a multinational consumer goods company has not only saved a significant amount in a year using AI for their recruitment strategy but also cut short the hiring time by as much as 90%. 

Also read: HR Conclave 2023: AI Reshaping the Future Workforce

The Artificial Intelligence trends mentioned above are being adopted by various companies and individuals to automate their tasks and save time and energy, however, the full potential of AI is unrealized.  Are you already fascinated with the world of AI and wish to learn more about it?

Jio Institute offers a 1-year, full-time, residential, PGP in Artificial Intelligence & Data Science. The programme will open doors to opportunities for you in roles such as:

• Data Analyst
• AL/ML Engineer
• Data Scientist
• Analytics Manager
• Senior Consultant
• Content Analyst

Learn more about the Programme

Artificial Intelligence & Data Science 

To know more, Call us on: 18008891100