As 2019 neared its end and experts around the world raced to predict which technology trends would shape the new decade, artificial intelligence (AI) and its role in accelerating automation was a common theme.
Indeed, in its outlook on top technology trends for 2020, global research and advisory company Gartner listed hyperautomation as No. 1. It claims advanced technologies, such as AI, will increasingly automate processes and augment humans as the technology becomes more sophisticated.
The appealing and enduring drive to work smarter – not harder – may be driving these advancements, mused Mark Long, director of incubation services at the University of Florida (UF), which includes Sid Martin Biotech and The Hub, the two business incubators under the UF Innovate umbrella that have generated over $6.4 billion in private investments and created more than 7,600 jobs since inception.
Serving for over 30 years in various roles as an award-winning business incubation director, consultant, author and speaker, Long has been uniquely positioned to witness the emergence of new technologies and how they are applied by startups trying to compete in the marketplace.
“There’s no doubt artificial intelligence is going to change the way we live, work and approach our world,” he said. “Machine learning is taking a giant leap and it will affect the way we interface with computers and equipment.”
Fulfilling its mission to build, drive and support the spirit of innovation, UF Innovate | The Hub houses several entrepreneurial ventures that are applying AI to change the way business is done in digital media, retail and agriculture sectors.