Big AI Trends for 2021
Last year proved to be one of the most difficult periods of time for companies and governments all around the world due to COVID-19, and the challenges persist as we move further into 2021. Some industries were hit harder than others, like the industrial sector, where firms employ nearly 25 million people worldwide and generate $9.3 trillion in annual revenue.
These challenges impact the AI domain as well, especially as consumer behavior continues to change. While some may believe everything will return to normal in due time, many of these changes are likely here to stay, and companies will focus on them when developing their AI and data strategies in 2021.
According to Algorithmia’s ‘2021 Enterprise Trends in Machine Learning,’ the overarching theme this year is that organizations will place greater importance on artificial intelligence (AI) and machine learning (ML) initiatives. As of right now, the market is dominated by early adopters of the technology, while others, especially small- and medium-sized organizations, face challenges involving costs and deployment.
Small- and Medium-Size Companies Face Toughest Challenges
Half of all organizations rank governance as the top challenge for AI and ML deployment. One of the driving factors behind this is regulation, with 67% of organizations…
