Artificial intelligence (AI) is the technology that assists machines in simulating human intelligence, problem-solving, and decision-making capabilities. The latest AI technology has enormously impacted industries and lives, from managing healthcare to shaping business offerings.
With groundbreaking advancements, Artificial Intelligence is transforming the way people live, work, and interact with each other. It has a profound impact on our world. 2024 is expected to be filled with even more significant AI progress in various industries.
In this article, we will be discussing the top 10 latest AI technology to exist in 2024.
Table of Contents:
What is Artificial Intelligence?
Artificial intelligence is the technology that assists machines in thinking like humans. It aims to build machines capable of performing tasks that typically require human intelligence and problem-solving capabilities.
Artificial intelligence focuses on matching to improve the capabilities of the human mind. From self-driving cars to speech recognition and other generative tools, AI technology is becoming a part of our lives.
Here is the list of top 10 latest AI technology in 2024:
- Speech Recognition
- Natural Language Processing
- Biometrics
- Virtual Agents and Chatbots
- Robotic Process Automation
- Machine Learning
- Self-Driving Cars
- Augmented Reality and Virtual Reality
- Expert Systems
- AI in the Internet of Things
Speech Recognition
Speech recognition is a technology that converts human speech to a computer-accessible format with the help of artificial intelligence. It effortlessly bridges the gap between humans and machines. This latest AI technology analyzes human speech and allows machines to understand and respond to verbal commands. Using this technology, computers can recognize human speech in multiple natural languages.
Prime examples of speech recognition technology include Google Home, Amazon Alexa, Siri, and more. With the help of speech recognition technology, users can interact with machines using their natural language. They can give commands for playing songs, searching for something on the internet, setting reminders, and performing other tasks.
Natural Language Processing
Natural language processing (NLP) is the latest AI technology that can develop models and algorithms that help computers understand, interpret, and generate speech or text.
NLP, or Natural Language Processing, helps entities efficiently process unstructured and high-volume data. Hence, it is one of the best technologies in the world today. By analyzing this data, businesses can make information-driven decisions and run their operations efficiently.
ChatGPT and Bard AI (Gemini) are language models that use natural language processing (NLP). With the help of NLP, ChatGPT and Bard AI (Gemini) help the computer respond to natural language and generate meaningful and contextual outputs.
Biometrics
Biometrics is another latest AI technology that has a massive impact on businesses. Biometrics is the process of measuring and analyzing individual characteristics. With the help of biometrics, dedicated security personnel can identify a person’s physical and behavioral characteristics. Biometrics include recognition, fingerprint resolution, voice recognition, behavioral biometrics, and others.
Biometrics is currently used in multiple industries to verify individuals’ identities. For example, the finance sector uses biometric systems for authorized official entries. Other casual examples may include workplaces with biometric systems for employees to punch in and out of work.
Biometrics is worth it in enhancing the safety and security of several business entities.
Virtual Agents and Chatbots
Virtual agents or chatbots are computer programs that can simulate a human conversation with a user. Using the latest AI technology, such as NLP and other technologies, virtual Agents and chatbots can analyze the pattern of a conversation and understand user inputs to generate appropriate responses.
Virtual agents and chatbots are primarily used in customer service operations. They help businesses handle routine inquiries, provide relevant information, troubleshoot problems, and more. Therefore, human agents can work on other tasks that need more profound attention.
Virtual agents and chatbots can perform multiple tasks, such as providing product information, booking an appointment, placing an order, etc. This technology is used in various industries due to its cost efficiency, performance, consistency, and availability.
Robotic Process Automation
Robotic Process Automation (RPA) is a type of artificial intelligence technology that can help automate various business processes. It is also known as software robotics.
This technology communicates and interprets data. This technology can help perform several tasks, such as data entry, transaction, processing, extraction, and more.
Moreover, Robotic Process Automation can handle several tasks simultaneously. It can also quickly solve issues and streamline the operation efficiently and effectively. This helps the workforce focus on other complex tasks.
Machine Learning
ML or Machine learning is the latest AI technology that helps machines learn independently from data and their experience. In easier words, Machine learning algorithms help machines learn independently to improve at a specific task. With machine learning, computers can discover patterns and make decisions very quickly. During this whole process, the machine can learn and analyze the training data and keep the information for future use. The machine can draw quick and necessary conclusions when a similar issue arises.
Machine learning can perform several tasks, such as giving directions and forecasting trends. Due to its capability, it is widely used in several industries, including healthcare and e-commerce sectors.
In healthcare, medical professionals use mission learning to analyze medical images, identify potential health risks, and predict patient outcomes. In the e-commerce sector, leading businesses use machine learning to collect and analyze customer trends, patterns, and other metrics to improve user experience and sales.
Self-Driving Cars
With sensors and artificial intelligence, several companies are dropping self-driving cars. In self-driving cars, the sensor collects data from the environment, and the artificial intelligence reacts accordingly by analyzing the collected data. On top of that, self-driving cars reduce the number of potential accidents. Moreover, it reduces the burden on drivers. Several AI technology companies like Tesla, General Motors, Uber, and others are working on this aspect to make it effective and cost-efficient.
Augmented Reality and Virtual Reality
In 2016, the Pokémon Go game was launched. This game was built on augmented reality, which was the first time ordinary people had known this term. In augmented reality, users can see virtual characters in the real-world map in real-time. It created a new dimension of reality by blending the virtual world with the real world using one’s existing surroundings.
Augmented Reality (AR) and Virtual Reality (VR) are the latest AI technologies well-known in the entertainment industry. Virtual reality (VR) is a simulated 3D environment that allows users to interact with the virtual environment and gives almost real-life experiences. Virtual reality technology is used in films, games, etc.
Expert Systems
Artificial intelligence-integrated Expert Systems are machines that can solve complex problems. This expert system mostly utilizes pre-stored knowledge and can make decisions according to humans’ decision-making capability. These systems highly rely on reasoning ability and ‘if-then’ clauses.
AI in the Internet of Things
Artificial intelligence is essential to the Internet of Things (IoT) ecosystem. The Internet of Things is an ecosystem of connected devices that share data and the cloud. With the help of artificial intelligence, IoT devices will be able to gather and share data more efficiently. AI helps IoT devices to extract logical insights from the vast amount of data.
It allows the IoT devices to learn from the data and surroundings. AI can help with many IoT devices such as remote monitoring devices or a smart parking system. With artificial intelligence, IoT devices can make data and learning-driven decisions. The whole process does not require human help.
Conclusion
Artificial intelligence is the key to a technology-oriented future. It can solve complex issues, and several industries use it to fulfill business requirements more efficiently and effectively.
As mentioned above, several of the latest AI technologies are leading the change. From machine learning to Bing AI image generator, AI has already impacted business operations. Therefore, the year 2024 is witnessing the evolution of Artificial Intelligence. The collaborative effort of AI and humans can change the world entirely soon.
FAQ
Q. What is a full form of AI?
A: The complete form of AI is Artificial Intelligence.
Q. What is the most popular AI?
A: Google Assistant is one of the most popular AI technology. This virtual assistant uses artificial intelligence to perform tasks on smartphones, wearables, televisions, and home appliances.
Q. What is NASA AI?
A: NASA uses a considerable array of AI technologies in its operations. These AI technologies include machine learning, which uses algorithms and data to train the machines. It helps the machines detect similarities and trends, analyze, and make predictions in a large dataset.
Q. Does ISRO use AI?
A: Yes. ISRO has used artificial intelligence in various projects. AI technologies highly influenced the Chandrayaan-3 launch by ISRO.
Q. Which AI field is best for the future?
A: AI technology is snowballing rapidly. The most common jobs in the AI field are robotics engineers, data scientists, machine learning engineers, etc. Getting into these jobs can help you build a long-term career in AI.
Q. Is Siri an AI?
A: Yes. Siri is an AI-powered virtual assistant. It is the virtual assistant for iOS, macOS, and other Apple devices.
