• chatbot automation
  • ml trends
  • cybersecurity
  • hyperautomation
  • business forecasting & analysis

Top 4 Trends in ML to Watch Out for in 2021!

Learn about top ML trends in 2021 to look out for!

by Vedant Chikhale July 24, 2021, 6:47 p.m.

According to the Forbes Survey,

  • 76% of enterprises prioritize AI and ML in the 2021 IT Budget.

  • 43% of enterprises say their AI and Machine Learning (ML) initiatives matter “more than we thought,” with one in four saying AI and ML should have been their top priority sooner.

  • 50% of enterprises plan to spend more on AI and ML this year, with 20% saying they will be significantly increasing their budgets.

  • In just over a third of enterprises surveyed (38%), data scientists spend more than 50% of their time on model deployment.  

Also, a study shows that 77% of devices we use today are utilizing AI and ML. Binging over Netflix and Amazon Prime through smart devices like Google Home and Amazon’s Alexa, the AI and ML services will be bringing up new innovative measures for day to day services.

Here’s a list of top ML trends in 2021 - 

Cybersecurity

If you put a key under the mat for the cops, a burglar can find it, too. Criminals are using every technology tool at their disposal to hack into people’s accounts. If they know there’s a key hidden somewhere, they won’t stop until they find it.” - Tim Cook, CEO of Apple.

Detection of complex cyber attacks through threats and malware are becoming difficult as cybercrimes are becoming more smarter and are able to bypass the security and firewalls. Hence, to avoid cyberattacks by such highly skilled hackers, the use of ML in cybersecurity is essential. ML solutions are used in network threat identification, antivirus softwares, user behaviour checks, email monitoring, etc. 

 Hyperautomation

“Robots aren’t here to take away our jobs, they’re here to give us a promotion.” - Manjunath Bhat, Research Director at Gartner.

Hyperautomation is amongst the Gartners Top 10 Strategic Technology Trends to look out for! Hyperautomation involves using RPA, AI and ML to automate human processes. To increase AI driven decision making skills, hyperautomation comes into picture as many tools are unable to track and replace human behaviours. Hence, to drive enterprises towards business intelligence and business opportunities, hyperautomation processes are used to determine their functions and key performances. 

Business Forecasting & Analysis

“My model for business is The Beatles. There were four guys who kept each other’s, kind of, negative tendencies in check. They balanced each other, and the total was greater than the sum of its parts. And that’s how I see business. You know, great things in business are never done by one person. They’re done by a team of people.” - Steve Jobs, Founder of Apple.

Use of machine learning in business forecasting and analytics will change their ways of functioning altogether. Today, Data Science and ML are adopted to predict the company’s future or to determine any shortcomings  in their approach. Data Science provides insights in the business and ML algorithms add in the decision making processes. Uses of ML in business analysis are prevention of customer churn, influencing buyer decisions and behaviour, enhancing quality assurance, augmenting branding, sales forecast and marketing, increasing precision in rules and models, detection of spam, recommending right product approach, etc.

Chatbot Automation

“Chatbots are important because you won’t feel stupid asking important questions. Sometimes talking to someone can be a bit intimidating. Talking to a chatbot makes that a lot easier!” - Petter Bae Brandtzaeg, Why People Use Chatbots.

According to research, more than 25 percent of the world's population uses messaging apps. According to Emarketer, 29% of people choose online chat and messaging apps as a way to contact retailers when making a purchase decision. By 2022, 70% of white-collar workers will engage with chatbots daily. In such a condition, the dependency on use of chatbots has gradually increased day by day worldwide. So to cater this need, TeeDee - an AI Powered Chatbot Platform developed by Botonomics Automations LLP comes handy. Their chatbots include services very essential to enhance growth of business like lead generation, engaging clients with surveys and feedbacks, solving client problems with proper support infrastructure and faqs, arranging meetings and conferences by thorough appointment of schedule, etc.

About TeeDee

TeeDee helps build affordable AI-enabled chatbots so that small businesses and start-ups can leverage the power of AI. TeeDee offers a holistic customer journey using a chatbot in your website to help Sales, Marketing, and Customer Care teams. 

Our services include Feedbacks, Lead Generation, Support, FAQs, Surveys, Appointment Booking, Live Chat, custom make, and various integrations and plugins like Email, Slack, Webhooks, WordPress, Drupal, Shopify, Wix, Whatsapp, etc.

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Vedant Chikhale
Business Development Manager

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