Across the globe, the artificial intelligence (AI) marketplace remains one of the biggest in the world. This sector expanded to achieve an incredible market value of $184 billion in 2024, highlighting nearly a 30% increase when compared with the previous 12 months.
What’s more, the market will also peak above $826 billion in six years time, highlighting an astounding CAGR that highlights the potential scope and scale of the sector.
From 1win mirror sites to cybersecurity firms and educational bodies, we’re seeing AI adoption increased markedly and in several different ways in 2024. But what are the biggest potential advancements in this space in the coming years?
The Rise of AI in Cybersecurity Applications
Of course, the pace of technological advancement (including AI) also contributes to a rapidly rising cyber threat. However, AI is perfectly placed to help counter such threats, thanks primarily to its penchant for analysing vast datasets in real-time.
This means that AI is capable of identifying and reacting to live patterns, or behavioural anomalies that may hint at a potential cyber breach or attack. This can negate the worst impacts of cyber attacks, lowering their social and financial cost in the process.
AI’s machine learning capabilities can also learn from previous breaches, creating more relevant security refinements and (over time) even evolving to anticipate new techniques and strategies.
This will have a seismic impact on the global cybersecurity sector, safeguarding both commercial assets and customers in the process!
The Use of AI in Personal Healthcare
In the coming decade, we should also expect personal healthcare to be enhanced (and in some instances, revolutionised) by AI. This certainly has the potential to deliver patient-centric care based on each individual, including key differentiators such as their genetics, medical history and lifestyle choices.
The use of AI may also help to diagnose certain diseases earlier, using both predictive models and a patient’s core risk factors. AI can also recommend potent treatment combinations and interactions, creating a personalised plan to suit each individual.
Then there’s wearable AI devices, such as health trackers and remote diagnostic tools. These enable medical professionals to track a patient’s condition and their progress over time, or even preempt medical emergencies based on certain health metrics!
The Emergence of More Sophisticated Virtual Assistants (VAs)
Nowadays, AI-powered assistants like Alexa and Siri are commonplace, but they only represent the tip of AI’s intervention in our everyday lives. As AI continues to evolve, we’re likely to see the emergence of more sophisticated and capacious virtual assistants, who will play a key role in our personal and professional lives.
In the next 10 years, AI-influenced assistants of this type will begin to converse and interact on a much deeper level. They’ll also start to understand context and answer a broader selection of questions, with far greater accuracy too.
During this period, AIs will also be able to perform more practical tasks, from scheduling appointments and returning calls to drafting work emails.
Most importantly, we’ll see AI assistants develop more conservational and dynamic communication skills between now and 2034. This introduces the potential of constructing rudimentary relationships with AIs, which will create significant opportunities and challenges across the board!
