AI's Predictable Path: Things to Expect from AI in 2024

Jan 1, 2024 ·

AI is quickly becoming an essential part of modern society and its potential for the future is tremendous. In 2024, there are seven core components to AI that will power its development and ensure it remains a practical technology: data acquisition and storage, algorithmic development, cognitive computing, artificial general intelligence, automated decision-making, robotics, and machine learning.

Data acquisition and storage is the process by which collected data from various sources is stored in a central repository for use and analysis. Algorithmic development is used to create algorithms that can automatically develop processes for solving problems. Cognitive computing involves computers being able to reason and think like humans, leading to a more human-like and nuanced understanding of complex tasks. Artificial general intelligence (AGI) refers to intelligent machines having the equivalent level of intelligence to humans. Automated decision-making is the ability of computers to make decisions autonomously without human input, allowing them to respond to ever-changing environments. Robotics is the use of robots to complete tasks, such as in factories or distribution centers, and finally, machine learning is the technique of using data and algorithms to produce models that can make predictions or decisions.

These seven components are key elements of AI in 2024 and each one plays an increasingly important role in the development and application of AI. Data acquisition and storage allow large amounts of data to be collected and stored for further analysis. Algorithmic development ensures that complex problems can be solved in a systematic way. Cognitive computing allows for a deeper understanding of complex tasks and AGI enables machines to think and behave like humans. Automated decision-making ensures that AI can respond to dynamic situations. Robotics provides a physical embodiment of AI in the real world and machine learning helps AI make predictions and decisions without human input.

Altogether, these seven components form the foundation of AI in 2024 and will enable AI to become more prevalent in our everyday lives. As AI advances, it will become increasingly important for us to understand these components in order to better understand the implications of this technology. With the proper implementation and use, AI can provide immense benefits to society.