Artificial Intelligence (AI) has come a long way and has influenced the overall working of various businesses and sectors worldwide. The penetration of modernization in all sectors is signaling a shift toward advanced technologies. These aspects have influenced the growth of the artificial intelligence market and will continue to do so in the future.

The expansive utilization of AI in various sectors and businesses is breathing fresh air of growth across the artificial intelligence market. The rapid adoption of digitalization and innovations are factors that have widened the scope of AI to a considerable extent.

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Role of AI in 2020-21

Many sectors and businesses were trying their hand at AI and adopting it at a steady rate, but 2020 accelerated the growth of AI extensively. The advent of the pandemic made the role of AI in different sectors more worthy. The proliferation of AI is happening at a rapid rate. One can never imagine tackling a pandemic of intensity like COVID-19 without the utilization of AI. Remote working mechanisms and many other aspects have influenced the growth of the artificial intelligence market to a considerable extent.

Despite the number of obstacles the world faced in 2020, AI has emerged as one of the fastest-growing sectors in the world. The role of AI in fostering economic resilience and saving lives fueled the demand for AI-powered tools and devices substantially. Here’s how AI will broaden its popularity levels in the coming period.

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Preparations to Avoid another Pandemic like COVID-19

AI is playing a crucial role in preventing a pandemic of high intensity like COVID-19 in the future. Predictive AI algorithms are being used for developing platforms that can project the time and location of future outbreaks.

Automatic COVID-19 Detection and Prevention

AI can be used for faster detection of COVID-19 to prevent the further spread of the virus. Tests and research are ongoing for enabling such tools through AI. The recent testing of drones to detect COVID-19 symptoms among individuals in highly crowded areas is a classic instance. Such developments will invite exponential growth for the artificial intelligence market.

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Driverless Cars and Robotaxis

The developments in the driverless cars technology have been ongoing for a long time but it has recently gained considerable traction. The growing use of AI for developing driverless car technology and robotaxis (taxis driven by robots) will invite fruitful growth.

Vital Sectors where AI is making Inroads

The demand for AI has skyrocketed in many sectors, but there are a few sectors where AI has made expansive breakthroughs. These sectors are observing extensive developments. Some of the prominent sectors are : Healthcare, Cybersecurity, Voice Assistants