Artificial intelligence and machine learning are no longer dreams of the future

Until now, artificial intelligence (AI) and machine learning (ML) were only a distant vision of the future for many companies; however, the democratization of artificial intelligence and machine learning technologies will move forward this year, predicts enterprise search and AI specialist IntraFind.

“Artificial intelligence and machine learning will increasingly arrive at companies in 2022,” Franz Kögl, CEO at IntraFind states, explaining that “new methods are democratizing technology and enabling more and more companies to reduce costs through automation.” “Customers will also benefit from this development, because intelligent searches, chatbots and voice assistants also improve the user experience”,
he concludes.

AI and especially the sub-area of ML have developed into important and indispensable helpers in many areas due to huge amount of data available today.

Platform giants are collecting unimaginable amounts of data to feed generally available AI methods available for generalized use cases. However, companies can only use these generalized models to a limited extent in the specific context of use. For optimal adjustment, they must train the AI with real data, which is only available in small quantities in a specific context.

IntraFind predicts how the situation around AI will develop in the coming year based on the following three trends analyses:

1. More focus on Small Data and Wide Data
   For a long time, Big Data was mostly indispensable when it came to training AI. The problem, however, is that in practice only a few companies and developers have access to enough training data. As a result, much of the business community is largely excluded from the technologies of tomorrow. New trends such as Small and Wide Data are therefore just in time to make AI and ML accessible to smaller companies.
   
   Small Data approaches aim to extract value from smaller data sets with ML techniques optimized for...A study by the market research and consulting company  shows just how interesting the new approaches are: according to this study, around 70 percent of all companies will shift their focus from Big Data to Small and Wide Data by 2025.