Artificial Intelligence Technology Trends That Matter For Business

Illustration: © IoT For All

According to 2020’s McKinsey Global Survey on artificial intelligence (AI), in 2020, more than 50% of companies have adopted AI in at least one business unit or function, so we witness the emergence of new AI trends. Organizations apply AI tools to generate more value, increase revenue and customer loyalty. AI leading companies invest at least 20% of their earnings before interest and taxes (EBIT) in AI. This figure may increase as COVID-19 is accelerating digitization. Lockdowns resulted in a massive surge of online activity and an intensive AI adoption in business, education, administration, social interaction, etc.

This article aims to overview new and current AI trends that emerged in 2020 and are still increasing in 2021. Based on trends, companies can make projections of the AI future in 2022 and successfully mitigate risks.

AI Adoption Trends

AI adoption level differs depending on the industry. Using the data…

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