The third computing epoch, AI has augmented the digital transformation of businesses owing to the countless benefits tied to it, such as, faster insights, improved customer experiences and unmatched efficiency. As we approach Industry 4.0, AI trends are anticipated to witness an exponential rise while becoming more versatile and adaptive.
The advanced chatbot ChatGPT backed by OpenAI garnered the attention of the tech behemoth, Microsoft. Text-to-image generators such as Dall-E 2, Midjourney and Stable Diffusion stole the spotlight after several users began generating AI art. Dell technologies Ireland made a 2023 forecast suggesting that AI could emerge as the “main engine of innovation” for the year given that an increasing number of organisations are beginning to resort to this novel tech in a bid to harness the ultimate potential of data and support teams.
Research by the IDC (International Data Corporation) highlights that the AI sector might witness an investment of whopping $500 billion this year. The Indian AI market itself is anticipated to achieve $7.8 Bn by 2025, up from $3.1 Bn in 202, at a CAGR of 20.2%.
