The future of AI development is bold and bright, to say the least. Business leaders at 7T predict that upwards of 80% of all 2024 development projects will involve artificial intelligence in some shape or form.
Forbes has predicted that worldwide AI spending will top $200 billion in 2024. This, of course, begs the question: what is the future of AI development? And how are organizations using artificial intelligence to grow their businesses?
What’s the Future of AI Development?
Versatility is a key trait that has propelled artificial intelligence technology to the forefront. AI can be used to augment processes and to stand in for humans, making decisions and “learning” from responses and outcomes. This makes AI especially well-suited for use in scenarios where an organization is seeking to automate processes and workflows. Process automations with machine learning-powered AI represent one area where we can expect to see a great deal of development in the coming months and years. Understanding how others are using AI can help business leaders identify the most advantageous applications of AI technology.
Consider these industry-specific use cases as we examine the future of AI development.
• AI in the Transportation Industry – We can expect to see AI used more in the transportation industry. Self-driving cars and other autonomous vehicles can benefit tremendously from artificial intelligence, with the machine learning algorithms perpetually improving in a way that makes autonomous vehicles safer over time.
• AI for Shipping and Logistics – The shipping and logistics industries are perfect candidates for artificial intelligence development, as you have precise, repeatable processes that can benefit from the agility that AI and machine learning technology impart. Consider the use of delivery drones and picking machines in a warehouse setting. You can use artificial intelligence technology to improve efficiency and productivity, with improvements continuing well into the future as machine learning tech optimizes algorithms over time.
• AI Development in the Medical and Healthcare Space – The possibilities are truly limitless when it comes to AI development in the healthcare industry. Artificial intelligence can be used to diagnose an individual’s ailments by pulling data from a smartwatch or other wearables. This is perfect for individuals in a remote location and patients who are unable to see a healthcare professional in person. As such, we can expect to see a lot of AI development in the healthcare field, particularly when it comes to telehealth and diagnostics.
• AI Development in Finance – Machine learning-driven AI can consider countless variables in a way that’s simply impossible for a human to match. AI can also identify trends that may otherwise evade a human’s notice. As such, artificial intelligence is adept at evaluating the variables and trends that are essential for making a good financial decision. Whether it’s trading in the stock market or deciding how to invest your money, there is tremendous potential when it comes to leveraging AI in finance.
• AI in the Arts – Artificial intelligence is rapidly changing the world of digital art and creatives are perpetually coming up with new, innovative ways to leverage this technology. Combine an artist’s imagination with a developer’s skill set and the possibilities are without limit. And while digital artists may not be hiring developers to bring their vision to life, we can expect to see artists using existing AI technology in new, innovative ways.
• AI in the Cybersecurity and the Military – Artificial intelligence is well-suited to use in the fields of security, cybersecurity and the military. In the case of the former, artificial intelligence can be used to identify patterns and trends that are indicative of a crime or wrong-doing. Meanwhile, in the military, AI allows for in-the-field agility, whether it’s guiding a bomb to its intended target or performing reconnaissance and surveillance without detection. The military has always been a front-runner in the world of technology development and we can expect that trend to continue when it comes to the future of AI development.
Whatever the industry or use case, one thing is clear: the future of AI development is bright, with the imagination being the only barrier. What’s more, an increasing number of software development companies, including 7T, are using artificial intelligence in the course of their own work, resulting in improved productivity and cost savings that can be passed along to the client. AI is even being used to detect other uses of AI, including potentially harmful AI applications.
Relatively recent advances in the area of multi-modal machine learning have placed artificial intelligence within reach for small- and medium-sized businesses (SMBs). This has opened the door to tremendous possibilities for countless organizations. Until relatively recently, you needed extremely large volumes of data to train the machine learning models that drive AI technology. That’s no longer the case. In addition, multi-modal machine learning also allows developers to pull data from multiple sources, making for a more efficient development process.
Hiring a Dallas AI Development Company
At 7T, we’re looking to the future of AI development with new, innovative applications of machine learning and artificial intelligence for clients in a variety of industries and business spaces. Choosing the right artificial intelligence developer can be challenging, but you need a partner who understands the organization’s pain points, objectives and business strategy — both today and in the future. At 7T, we take the time to get to know your business, providing clients with a Business Requirements Document (BRD). The completed BRD leads to a comprehensive understanding of an organization’s needs, pain points and future objectives.
Also, check out our latest eBook, A Guide to Prepare Your Business for Artificial Intelligence (AI) Development.
The Digital Transformation development team here at 7T is guided by the approach of “Digital Transformation Driven by Business Strategy.” As such, the 7T development team works with company leaders who are seeking to solve problems and drive ROI through Digital Transformation with innovative business solutions such as multimodal machine learning-powered AI implementations. 7T has offices in Dallas, Houston, and Austin, but our clientele spans the globe. If you’re ready to learn more about Digital Transformation development solutions, contact 7T today.
