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According to bloomberg, the global AI market has been valued at US$ 51.08 billion. This number is expected to rise to US$ 641.30 billion by 2028.
These stats prove the worth of AI maximum. We all know this tech trend has brought a significant change to the world we live in today.
AI and ML are no longer alien terms and have become ubiquitous factors for businesses looking to capitalize on the opportunities of tomorrow’s connected world.
When we talk about the hyperconnected world of tomorrow, we can visualize automation being prevalent in every possible sector- be it customer service, mundane tasks, or simply operational functions.
How fascinating…it is indeed!
And no wonders, but largely automation will be executed using the potential of AI and ML, which is much beyond what could ever be imagined.
Curious to know more???
Let’s begin the voyage, to unleash the next-gen technology powered ideas that will stir in 2024!
AI Will Fuel the Future
To be precise, it can be stated that AI has grown into something more useful from its initial concept. It aims to revolutionize the way we access services and meet the burgeoning demands of millennials!
Now, this technology is advancing at a rapid scale to bring a multitude of benefits to the users and businesses alike.
It sounds interesting! Isn’t it?
Well, there is much more to unleash further, so just keep scrolling further to spill the magic beans…
Different Industries Leveraging AI in Their Businesses
Artificial intelligence is becoming ever more ubiquitous in a variety of industries, including healthcare, banking, education, and retail. Automation of routine chores, process simplification, and decision-making that is quicker and more precise than ever before are all made possible by AI. By 2024, AI is anticipated to play a crucial role in many operations and further transform our way of living and work.
Top Artificial Intelligence Project Ideas to Try in 2024
AI is burgeoning at a rapid scale and this rate will flourish further, considering the demand of consumers. Here in this section, we will tell you the top artificial intelligence project ideas that you can try in 2024, and mark a difference to the way you conduct your business.
GPT-3
We all know that GPT-3 is gaining popularity like a wildfire, since this AI driven tool has immense capabilities for a wider range of tasks.
Now, you must be wondering how?
Lemme, explain!
This tool is a blessing for text summarization, dialogue production, and natural language processing, and the best part is that it doesn’t require any sort of comprehensive text, but can work with few words or keywords uploaded as an input.
Earlier, its capabilities were thought to be limited, but now they are not. They can be utilized in varied industry verticals. To our surprise, it is now being used in producing AI-powered songs, articles, and whatnot, and in every possible sector around us.
It goes without saying, but this tool has made it possible to automate tasks that are labor and time intensive. Also, it brings insights for building professional content without professional help.
Gotcha!
That’s actually a deal!
And you know what further elevates the experience?
The quality standard does not get compromised through any means.
It is in its nascent stage, and is quickly adopting and transforming its functionalities, based on users’ demands.
NLP-based Chatbots
The integration of NLP-based chatbots into building personalized customer experiences and automating business processes, isn’t something new.
They have been helping businesses to fathom customer demands and customizing services as per those demands.
And this trend will continue disrupting the world even in 2024!
It is very evident to witness that, with the advent of advanced technologies, today’s chatbots are capable of offering real-time answers to customers and engaging them.
With such aid, businesses are able to capture the attention time of the customer and ensure their customers are not growing closer to their competitors.
That sounds promising!
Today, NLP-based chatbots are a one-stop solution to streamline business processes and increase their efficiency sans human intervention.
Now, the question comes, will this trend continue in 2024?
So, the answer is a big fat YES!
This trend will continue to spark in the years to come, with more advanced capabilities to support it.
Also read- The Role of Artificial Intelligence in Real Estate
Self-driving Car
Tesla has made a move when it launched self-driving cars, and gradually other industry leaders jumped on the bandwagon.
Today, due to the ease these cars offer, they have become more advanced. The autonomous cars integrate deep learning and computer vision in their mechanisms to make decisions that are based on accurately acquired data.
This technology has gained momentum in autonomous cars and will continue to do so, where human intervention is not at all required.
Thanks to the growing demands of technology!
Considering the demand for urbanization, this solution is a blessing because people can navigate and drive on their own, giving them the comfort to safely reach their destination while avoiding the hazards of driving.
It goes without saying, but self-driving cars can be optimized to reduce traffic congestion and provide a more reliable means of transportation, by leveraging advanced technologies in the coming years.
Caption generation system
The social media world is growing massively, where user attention span on any image is very little.
Every image needs an engaging caption to capture readers’ attention.
But is it easy to write captions?
The pain of writing captions can better be understood by copywriters.
These tiny lines carry the weight of a business’s brand image and help them stand out from the competition.
Hence, such captions must be written with care and precision, so readers can stay engaged and remember the message shared.
To ease down the woes of image captioning, the AI trend has brought relief.
You must be raising your brows right now?
Don’t fret!
This AI tool uses deep learning for automation and generates caption which fits the demand, for a wide array of industries.
Indeed, this tool will be a major hit in 2024, as a number of sectors are investing heavily in digital branding, where such a tool can make the process simple.
Call us today for a FREE no-obligation quote.
Essay Grader
Classroom essays are a part of students’ creativity and imagination put into practice. Albeit, reviewing those essays can be a daunting task.
This is where automatic essay graders are becoming extremely prevalent and are being used excessively to save time and effort.
It utilizes NLP and ML algorithms to evaluate essays and validate structure, grammar, and content, based on the defined parameters.
No prize for guessing, but it enables teachers and students to save oodles of time and effort, and they can give constructive and prompt feedback.
It further helps teachers curate targeted teaching strategies that make interactive learning more engaging for the students.
Also read- Impact of Artificial Intelligence in Software Development
Mask Detection
COVID has brought the necessity of wearing masks to evade infection chances. It is more like precaution is better than cure, so wearing a mask is not an option but a mandatory fact that must be addressed.
However, it has been observed that people avoid wearing masks for different reasons, which does put them at risk and increase the chances for others to get infected.
I know that sounds scary, but we can bid adieu to worries if masks are in place.
Thus, the face mask detection AI tool is gaining popularity as it allows people to ensure their safety in any given situation.
Leveraging this key artificial intelligence project, different sectors can foster proper care for their staff and customers’ safety.
It is a very useful tool working on automated mechanisms to ensure everyone around is wearing a mask, and if anyone is skipping to wear, then it alerts the system and does not let such a person to make an entry.
Well, as we always say, such tools just spread awareness and ensure public places are safe by adhering to every single rule set within the premises.
Song Composition
Music drives emotion, passion and soothes the cluttered mind.
The onset of technological advancements has impacted every possible industry and sector around us, and music is no exception to that.
Yes, you heard my melody correctly!
Now, utilising AI music composers have got an opportunity to compose songs that fit the bill.
As we know, millennials have a different taste for music, and fulfilling their demands requires constant effort.
But this is where AI steps in and helps create music that touches the soul and helps promote different songs from scratch.
It also helps in analyzing pre-existing music with different styles, edit songs, proceed ahead with production and experience faster time around.
Unleash the power of AI with us!
Sales Predictor
Phew, sales is a challenging task that requires a keen view on competition and trends, and require intense time and effort investment.
Then what can be the solution?
Well, this is where AI comes in as a savior and simplifies the process.
You would be surprised to know by capitalising on AI technology, sales forecasting can be done in a jiffy and accurately.
Wow, that is actually a relief for sales team.
This tool guarantees that sales managers easily analyze pre/post sales data, customers’ demographics, market trends & competition, and everything else in between that sums up to build an effective strategy.
Image Colorization
Photos are a powerful source of connectivity, emotions, and priceless moments. However, old, withered, or B/W images can emotionally drain us.
But not anymore!
Gone are the days, when images could only be accessed in grey tones.
Wait, what does it mean?
It means that now, by leveraging AI, B/W images can be converted into colored images. And, as a matter of fact, this builds better connections and saves the memory in a precise manner.
Are you serious???
The answer is YES!
By using this tool, we can ensure detecting objects in the images and marking details so historians or collectors can make informed decisions.
Well, that sounds like a complete package 🙂
On the flip side, while predicting the future for this tool; we are assured that as the technology advances, this tool will be more in demand with more intrinsic features as a part of this toolset.
MovieLens Dataset
Movies are a source of entertainment!
Today’s users are highly demanding, and they waste no time in calling a movie waste, if they fail to receive what they want.
Isn’t it threatening?
Honestly, it is!
Hence, it is no longer a luxury to keep tabs on the user’s preferences.
However, keeping such information handy, is time consuming and expensive.
But this is what made it easier with the ML-10 project.
This tool utilizes ML and merges the data with collaborative filtering to predict user preferences, and forecast which movies can be disasters and which will chart the success stairs.
The functionality of this tool can help in discovering never-before or much-in-demand movie genres so producers can invest in the right medium for maximum ROI.
This web based tool further recommends movies to users based on ratings, reviews, and preferences.
Human Pose Estimation
We humans are highly unpredictable, so our moves!
Well, jokes apart, the human pose estimation is a worthy aspect for the VR environment to track bodies or objects’ movement.
Indeed, by implementing this tool in a precise manner, it turns out to be a blessing to build engaging use-cases using VR and put those into best practices.
Let AI Power Your Next Project with Hidden Brains!
Voice-based Virtual Assistant
Hello Alexa, Can you play music?
Hi Siri, please dial mom.
These are some of the most common statements heard in our surroundings. Indeed, the voice-based virtual assistants have redefined the way we interact with every service around us.
On the other hand, when it comes to businesses, the value of voice-activated assistants is hard to be measured in words.
It not just eases the process of accessing services, but also allows them to delight their customers with extreme satisfaction.
In the future, this tool will continue to spark the business world, as smart homes become a NEW thing in the market.
And to support it, voice based technology will be at the core of every business operation.
Image Accuracy With GAN
We all know data is a goldmine for any business, whether it is in textual, audio, image or any other type or format!
However, gathering and validating the information available is a serious task that requires efforts and expertise.
For any business to get a hold onto realistic datasets, the best bet is Generative Adversarial Networks (GANs).
Leveraging this tool, it becomes seamless to generate images with realistic data and transforms the way businesses deal with pools of existing data.
Now, if you have to calculate the value of GANs in future trends, then you should know that it will continue to become a valuable tool for businesses.
Final Thoughts
This blog captures some of the most prominent AI trends that will be selling like a hot cake in 2024, but there is much more to explore.
It can be concluded that, from picture captioning to human position estimation, AI is a versatile technology that can be used to automate and optimise a variety of operations.
In parallel, this tech trend, to the best of its capabilities, can be used to enhance SEO while enabling businesses to portray their best digital artwork.
With constant updates and evolution, this tech will employ new use cases with infinite possibilities that can serve different industries at a large scale.
Voila! That captures the attention.
Are you ready to create a stir in the world of artificial intelligence? Reach out to the Hidden Brains team for artificial intelligence services and get started with your next BIG AI idea.
