Bengaluru, India, December 19, 2019 : A new study titled ‘Data Science and AI trends in India to watch out for in 2020’ by Analytics India Magazine and AnalytixLabs has showcased interesting results for the coming year. The study says that there has been a major shift this year towards intelligent automation, artificial intelligence and machine learning that is changing the face of all major sectors – right from new policies by the Indian Government, to micro-adoption by startups and SMEs.
The study aims at exploring the key strategic shifts that enterprises are most likely to make in the coming years to stay relevant and intelligent in this ever-evolving market.
While customer acquisition, investment in enterprise-grade data infrastructure, personalised products were some of the key trends from 2018, this year the trends suggested a shift towards the democratisation of AI and a push into hardware and software.
According to the study, some of the areas that have witnessed remarkable developments are deep learning, RPA and neural networks which, in turn, is affecting all the major industries such as marketing, sales, banking and finance, and others.
Some of the most popular tools as per the study are the rise of hyper-automation, humanized AI products, advancement in natural language processing and conversational AI and more.
It also suggested that a rise in explainable AI will be another exciting development that the industry is likely to see in the coming year. Some of the other trends that will make into popularity charts are saving the data lakes, data security getting mainstream, augmented analytics and AI, increasing awareness on the ethical use of AI, and more.
The study suggests that automation is the future of analytics and data science experts are confident that most of the data-based tasks are going to be automated in the coming future.
Another interesting innovation that the industry is gearing towards is the data collection and storage technology that is going to directly impact how the data is stored and processed.
Bhasker Gupta, Founder & CEO, Analytics India Magazine said, “Automation is definitely the future of analytics industry and it will not only ease the mundane tasks but will also help in the decision-making processes in the long run. Another important facet that AI industry is going to witness is the involvement of AI in human lifestyles and interactions. Having said that, the industry still faces challenges such as biased AI, accelerated hacking, AI terrorism and more, which the industry is hopeful will be addressed soon.”
Sumeet Bansal, CEO & Co-founder, AnalytixLabs said, “Applied AI & Machine Learning has already become part of our lives in form of chatbots, virtual digital assistants etc. With leaps in quantum computing, humanized AI is bound to grow at rapid pace and become even more pervasive. Hyper-automation is already knocking on the door but one shouldn’t be worried because of it. Analytics literacy and embracing intelligent automation will actually create higher value new job roles and higher productivity.”
To access the complete study visit : here
