Artificial Intelligence (AI) is a profound technology, as it allows machines, especially computer systems, to mimic the behavior of humans. Although artificial intelligence is increasingly being used in all sorts of industries to assist with repetitive tasks, many established tech giants and startups are exploring ways to use it in everyday life.
Let’s take the example of the famous tech giant - Amazon. Many of Amazon's most popular initiatives are powered by artificial intelligence (AI). Incorporating artificial intelligence into Amazon's virtual assistant Alexa is a significant step forward.
This virtual assistant uses natural language processing (NLP)) and machine learning (ML) to handle users' queries and execute actions like ordering products and managing smart home devices.
According to Statista, the global artificial intelligence (AI) software market is forecasted to increase in the coming years, reaching around USD 126 billion by 2025. This indicates that artificial intelligence (AI) will soon become more prevalent than ever.
It will allow businesses to save time and money by automating repetitive tasks and processes, boosting productivity and operational efficiencies, and making quick business decisions based on outputs from cognitive technologies.
Let's unlock some possible AI trends leading the marketplace in 2023 and how they will impact businesses worldwide.
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