The AI Revolution Continues: Recapping 2023, Predicting 2024
If we had a time machine that could rewind to early 2023, we would feel like AI seemed like a total buzzword for big tech. But over the past year, explosively rapid innovation has reshaped the landscape entirely. This year turned AI into a mainstream must-have capability stretching from back- office automation to customer-facing content creation. And people feel like it’s all happening way too fast…
The pace is absolutely blistering thanks to advancements in natural language processing that powers the synthesis of remarkably human-like text, audio and video (We know, what a mouth full!). A lot has happened in 2023. Spatial computing broke new ground analyzing multidimensional environments… Cloud infrastructure democratized access to enterprise-grade AI… And quantum computing progresses toward unleashing exponentially greater possibilities!
As we look now toward 2024 and beyond, AI adoption will only accelerate across industries big and small. Today we are here to explore the top business trends that are supercharging AI innovation today — and, more importantly, how they promise to transform operations for any company ready to embrace intelligent automation.
Rapid Advancements in Natural Language AI
Just in the last year, the quality of AI language understanding and production leaped ahead 5+ years by most expert accounts. Startups like Anthropic (Claude AI) have pushed boundaries with models conversing naturally with impressive reasoning ability. For the most part, you can’t tell that this isn’t a person you are speaking with — other than the fact that they don’t use slang or emojis often.
These tools focused on business use cases have a huge impact in efficiency through writing automation, answering customer questions instantly around the clock, providing helpful explanations and summaries on documents and much more. And with these rapid advancements, experts are predicting that throughout the year of 2024, people can expect AI communication to be indistinguishable from human beings.
The Era of AI-Generated Media and Content
In 2023 generative AI burst into the mainstream led by open AI models like DALL-E 3 (Microsoft Bing Image Creator) or Midjourney (Founded by previous NASA researcher David Holz) for images and Stability AI’s text generator ChatGPT. Now startups build atop these foundations to create affordable solutions allowing businesses to generate synthetic media on demand — including images, videos, avatars, designs and much more. The outputs continue improving in quality and diversity while remaining customizable to match brands’ desired styles, aesthetics and guidelines.
Without a doubt, there is current controversy surrounding all of the AI Content Generator tools. The questions are being raised: “What are the AI tools training on and should these original creators be compensated? Does the platform own the data or does the original content creator own the data?”. Hopefully throughout 2024 our legal systems will be able to tackle those questions and put an end to the controversy. Putting this aside, it’s clear that giving people the ability to minimize costs when trying to create a cohesive brand or marketing strategy does have it’s benefits.
Computer Vision Driving Spatial Intelligence Leaps
Another huge leap for AI in 2023 was the expansion of computer vision; going beyond 2D image recognition into full 3D spatial computing, unlocking detailed environment scanning and modeling. Beyond analyzing images and videos, computer vision expanded into spatial computing unlocking 3D environment scanning, measurement and modeling. Not only does this make super interactive web and mobile applications, but it’s also encouraging breakthroughs in robotics (for example, prosthetic “bionic” limbs. If you’re interested in more of that, take a look at this article: https://www.wevolver.com/article/how-ai-is-helping-power-next-generation-prosthetic-limbs)
Startups can now offer more affordable products and platforms leveraging computer vision techniques to map spaces, track objects in motion, enable remote collaboration and more. Architects, engineers, contractors, manufacturers and corporates with large facilities or distributed workforces stand to benefit greatly.
Bridging AI’s Potential with Practical Business Solutions
The innovation occurring across natural language, generative media and computer vision reveals AI’s seemingly unlimited potential. And the best part? Once cloistered to PhDs at elite research labs, AI now runs efficiently on affordable commercial cloud infrastructure with turnkey tools increasingly accessible even for small businesses. The rapid pace of advancement shows no signs of slowing either as quantum technologies wait in the wings promising another enormous leap down the line.
If reading this has you ready to explore integrating cutting-edge AI capabilities into your business systems and applications, we invite you to visit https://paragoncloudconsulting.com/. Our company specializes in making AI’s transformative potential achievable for organizations large and small across industries. We offer affordable solutions tailored to your specific needs and industry whether boosting marketing through AI content creation, driving automation with computer vision analytics or any other use case. Contact us today to discuss your ideas and plans for harnessing AI — the future of AI is just beginning.
