{"id":142,"date":"2020-12-26T18:38:42","date_gmt":"2020-12-26T13:08:42","guid":{"rendered":"https:\/\/data-flair.training\/news\/?p=142"},"modified":"2020-12-26T18:40:25","modified_gmt":"2020-12-26T13:10:25","slug":"top-ai-initiatives-2020","status":"publish","type":"post","link":"https:\/\/data-flair.training\/news\/top-ai-initiatives-2020\/","title":{"rendered":"Top AI Initiatives In 2020 – Wonders of Artificial Intelligence"},"content":{"rendered":"

Artificial Intelligence, commonly known as AI, has become a buzzword in the world of technology today.<\/p>\n

The nature of the industry is such that it grows by leaps and bounds within no time. Thus, AI is no different.<\/p>\n

From 1955, when the term artificial intelligence was coined, till today, the branch of technology has seen immense growth.<\/p>\n

However, as the data processing capabilities were not so advanced in the previous century, the growth rate was relatively not impressive.<\/p>\n

Post-2000s, when the high-level facilities to store and process data arrived, AI started seeing unprecedented growth.<\/p>\n

How has the year 2020 been for AI? Let us take a look at the top initiatives in AI in 2020.<\/p>\n

1. Revolutionary shopping experience<\/h3>\n

With online shopping becoming the norm, we have already seen a massive change in the way we shop. However, online shopping has its disadvantages.<\/p>\n

For instance, one cannot try a piece of clothing before buying it. Also, sometimes, there are just too many options to choose from.<\/p>\n

Intending to give customers a hassle-free shopping experience, a team from Facebook has developed a model \u2013 \u2018GrokNet<\/a>.\u2019<\/p>\n

It is an AI-based assistant that would learn the customer\u2019s preferences and simplify their shopping experience.<\/p>\n

Image recognition models are employed to recommend products to customers. Moreover, it displays a virtual model of the item.<\/p>\n

Glasses, clothes, etc\u2026, can be visualized before buying. Currently, it is deployed in Facebook Marketplace.<\/p>\n

2. Brainbox AI\u2019s fight against climate change<\/h3>\n

Some companies invest in solutions that help in solving or controlling concurrent issues.<\/p>\n

Today, climate change has emerged as a burning problem. It poses a real risk to low-lying areas in the world.<\/p>\n

Brainbox AI has developed a unique model which predicts a building\u2019s thermal conditions and enables the autonomous functioning of a building\u2019s HVAC system.<\/p>\n

Apart from reducing the building\u2019s carbon footprint and energy conservation, it is expected to provide increased comforts to the inhabitants.<\/p>\n

3. TinyAI for faster devices<\/h3>\n

Cloud storage and migration to the cloud has become yet another trend. However, data privacy and security in the cloud remains a concern.<\/p>\n

Tech-giants Google, Amazon, Apple and IBM have developed TinyAI \u2013 a technology through which AI algorithms can run on devices without connecting to cloud services.<\/p>\n

The benefits of TinyAI are twofold:<\/p>\n

    \n
  • It reduces latency to almost zero as there is no interaction with the cloud<\/li>\n
  • Security concerns are addressed.<\/li>\n<\/ul>\n

    4. Human Support Robot<\/h3>\n

    A discussion on AI initiatives would be incomplete without the mention of Japan. The country has always been at the forefront of disruptive innovative technology.<\/p>\n

    Human Support Robot is an AI-based assistant that can help humans by offering basic care and performing trivial tasks.<\/p>\n

    The solution was born from the collaboration of Toyota and Preferred Networks. The robot has been built such that it is not capable of accidentally hurting the user.<\/p>\n

    5. AI in entertainment<\/h3>\n

    Humans are creative beings. When equipped with powerful AI tools, one can see the creativity increase manifold.<\/p>\n

    AI is increasingly being used in film technology.<\/p>\n

    In the movie The Irishman, instead of casting two separate actors for the young and old versions of a character, the moviemakers with the assistance of AI de-aged Robert De Niro\u2019s face to create a much younger looking one.<\/p>\n

    AI has already forayed into the gaming scene. In the coming years, it is expected that AI will make an impact in the music industry as well.<\/p>\n

    6. RPA for increased productivity<\/h3>\n

    RPA stands for Robotic Process Automation.<\/p>\n

    It is a branch of AI that helps automate repetitive tasks so that human employees can focus on tasks with higher priority.<\/p>\n

    For instance, JP Morgan Chase & Co has implemented COIN \u2013 Contract Intelligence, a tool that significantly reduces the lawyers\u2019 workload.<\/p>\n

    Going by the statistics of the number of hours saved and the sharp increase in productivity, it is expected that several other companies will follow suit.<\/p>\n

    7. Breakthroughs in Healthcare<\/h3>\n

    AI wave has left no industry untouched. Thus, there are wide applications of AI in the medical industry as well.<\/p>\n

    Considering the onset of the global pandemic and its repercussions, the use of AI in this field is only bound to grow.<\/p>\n

    Amazon Alexa formed a dedicated team for health and wellness in 2020. Alexa-powered apps have brought several benefits to people suffering from various conditions.<\/p>\n

    Consider Sugarpod \u2013 a plan to help diabetic patients to incorporate new activities in their routine for a healthier lifestyle.<\/p>\n

    Summary<\/h3>\n

    As more companies gear up to invest in AI-based solutions, the AI wave shows no signs of slowing down.<\/p>\n

    From automating minor tasks to helping detect deadly diseases, AI is capable of doing it all.<\/p>\n

    Some experts predict that the future may see a situation where incorporating AI in an organization\u2019s operations may no more be a choice.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Artificial Intelligence, commonly known as AI, has become a buzzword in the world of technology today. The nature of the industry is such that it grows by leaps and bounds within no time. Thus,...<\/p>\n","protected":false},"author":6722,"featured_media":144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104],"tags":[142,150,145,141],"class_list":["post-142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ai","tag-ai-initiatives","tag-artificial-intelligence","tag-technology"],"yoast_head":"\nTop AI Initiatives In 2020 - Wonders of Artificial Intelligence - DataFlair<\/title>\n<meta name=\"description\" content=\"Check about the latest inventions and initiatives in AI in 2020. 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