Top 7 AI predictions for 2024

AI is transforming the world in ways we never imagined. From creating art and entertainment to enhancing productivity and security, AI is reshaping every aspect of our lives and society.

In this blog post, we will highlight seven predictions for AI in 2024, based on the insightful LinkedIn post by our Co-founder, Group Chief Executive & Vice-Chairman, Srikanth Velamakanni.

2023 was the year when the world woke up to the potential of AI, 2024 will be a year when we see a very tangible role of AI in making our lives better,” Srikanth said.

Now, let’s jump into some of the most exciting and impactful developments in AI and how they will affect us soon.

  1. The foundation models race will heat up: Gemini will launch before February, followed quickly by GPT-5 by March.
  2. Foundation models vs domain-specific models: Foundation models will continue to challenge domain-specific ones, yet hybrid approaches will remain valuable.
  3. Productivity boost across sectors: AI assistants, apps, and agents will enhance productivity in repetitive, cognitive, and creative tasks.
  4. Enterprise adoption of Gen AI: Over 80% of Fortune 100 companies will implement Gen AI infused use cases, as risks related to privacy and compliance get mitigated.
  5. Enhanced enterprise and website search: Powered by Gen AI, enterprise search and website search experience will improve substantially.
  6. AI media creation: Text-to-video, image upscaling, and image-to-video technologies will become mainstream, revolutionizing content creation.
  7. AI assistants in coding: Near-universal adoption of these tools will boost productivity by approximately 30% in coding tasks.

If you want to know more about the other predictions, click here, where you can find the original post and join the discussion.

Top 7 AI predictions for 2024

AI is transforming the world in ways we never imagined. From creating art and entertainment to enhancing productivity and security, AI is reshaping every aspect of our lives and society.

In this blog post, we will highlight seven predictions for AI in 2024, based on the insightful LinkedIn post by our Co-founder, Group Chief Executive & Vice-Chairman, Srikanth Velamakanni.

2023 was the year when the world woke up to the potential of AI, 2024 will be a year when we see a very tangible role of AI in making our lives better,” Srikanth said.

Now, let’s jump into some of the most exciting and impactful developments in AI and how they will affect us soon.

  1. The foundation models race will heat up: Gemini will launch before February, followed quickly by GPT-5 by March.
  2. Foundation models vs domain-specific models: Foundation models will continue to challenge domain-specific ones, yet hybrid approaches will remain valuable.
  3. Productivity boost across sectors: AI assistants, apps, and agents will enhance productivity in repetitive, cognitive, and creative tasks.
  4. Enterprise adoption of Gen AI: Over 80% of Fortune 100 companies will implement Gen AI infused use cases, as risks related to privacy and compliance get mitigated.
  5. Enhanced enterprise and website search: Powered by Gen AI, enterprise search and website search experience will improve substantially.
  6. AI media creation: Text-to-video, image upscaling, and image-to-video technologies will become mainstream, revolutionizing content creation.
  7. AI assistants in coding: Near-universal adoption of these tools will boost productivity by approximately 30% in coding tasks.

If you want to know more about the other predictions, click here, where you can find the original post and join the discussion.

Top 7 AI predictions for 2024

AI is transforming the world in ways we never imagined. From creating art and entertainment to enhancing productivity and security, AI is reshaping every aspect of our lives and society.

In this blog post, we will highlight seven predictions for AI in 2024, based on the insightful LinkedIn post by our Co-founder, Group Chief Executive & Vice-Chairman, Srikanth Velamakanni.

2023 was the year when the world woke up to the potential of AI, 2024 will be a year when we see a very tangible role of AI in making our lives better,” Srikanth said.

Now, let’s jump into some of the most exciting and impactful developments in AI and how they will affect us soon.

  1. The foundation models race will heat up: Gemini will launch before February, followed quickly by GPT-5 by March.
  2. Foundation models vs domain-specific models: Foundation models will continue to challenge domain-specific ones, yet hybrid approaches will remain valuable.
  3. Productivity boost across sectors: AI assistants, apps, and agents will enhance productivity in repetitive, cognitive, and creative tasks.
  4. Enterprise adoption of Gen AI: Over 80% of Fortune 100 companies will implement Gen AI infused use cases, as risks related to privacy and compliance get mitigated.
  5. Enhanced enterprise and website search: Powered by Gen AI, enterprise search and website search experience will improve substantially.
  6. AI media creation: Text-to-video, image upscaling, and image-to-video technologies will become mainstream, revolutionizing content creation.
  7. AI assistants in coding: Near-universal adoption of these tools will boost productivity by approximately 30% in coding tasks.

If you want to know more about the other predictions, click here, where you can find the original post and join the discussion.

GenAI for field technicians and engineers

Field technicians and engineers are the backbone of various industries, including manufacturing, energy, telecom, and more. They play a crucial role in installing, repairing, maintaining, inspecting, and troubleshooting equipment and systems — often in challenging environments.

One of the most significant pain points they encounter is the difficulty of accessing essential information from thick manuals and field service guides while working in the field. Advances in Generative AI (or GenAI), however, can revolutionize the way field technicians and engineers access information and streamline their daily tasks.

Common challenges faced by field technicians

Field technicians and engineers encounter a lot of challenges daily in their line of work. These challenges vary depending on the industry and environment they operate in, but they include:

  • Complex tasks: Field technicians often deal with intricate machinery and systems that require specialized knowledge and expertise to operate, maintain, and repair.
  • Constantly changing environments: Whether it’s working in remote locations, extreme weather conditions, or high-pressure situations, field technicians must adapt to diverse and unpredictable work environments.
  • Information overload: Technicians are frequently required to consult technical manuals, documentation, and safety guidelines to perform their tasks accurately. The sheer volume of information can be overwhelming.  
  • Time constraints: Efficiency is crucial, and technicians must perform tasks swiftly without compromising safety or quality.
  • Customer expectations: Meeting customer expectations for prompt service and problem resolution is paramount for customer satisfaction and loyalty.
  • Wide range of field technicians’ experience levels: While experienced technicians may be able to quickly find the relevant information, more junior ones can struggle to effectively find it.

How GenAI can help

Recent advances in GenAI offer natural language understanding and generation capabilities, making it an ideal solution for field technicians and engineers. It enables them to use voice and text to ask questions in plain English and receive well-articulated answers grounded in products, systems, and processes documentation.

GenAI for field technicians and engineers

Here are some examples of questions that GenAI could reply to:

  • How do I replace the filter of machine model XYZ?
  • What is the safety process for operation X?
  • What are the potential causes of error code 1234?
  • How do I calibrate sensor model XYZ?

Benefits of using GenAI for field service work

GenAI can help both transform the worker experience and deliver immense value for the customer. Here we discuss a few benefits Gen AI delivers:

benefits of using GenAI

  • Efficiency: GenAI reduces the need to search and browse through lengthy and complex manuals on small screens, allowing technicians to find information more quickly and efficiently.
  • Accuracy: GenAI provides instant and relevant answers based on the latest approved documentation, minimizing the risk of errors and accidents.
  • Convenience: With hands-free and voice-based interaction, technicians can access information without the need to type or tap on mobile devices, enhancing convenience especially in scenarios where typing is not the best option: gloves, greasy hands, etc.
  • Customer satisfaction: Faster and more reliable service delivery translates to improved customer satisfaction, leading to increased trust and loyalty.

FractalGPT for field service work

FractalGPT is a Google Cloud Vertex AI-GenAI so called “LLM”-powered AI chatbot solution that enables field service technicians to quickly find accurate information from company products and process documentation using a natural language interface. It helps enhance the productivity and efficiency of field technicians and engineers.

Some key features and benefits are:

key features and benefits

  • Device compatibility: FractalGPT is accessible on any device, whether it’s a phone, tablet, or laptop, via its responsive web app running on your private cloud tenant.
  • Customization: Tailor FractalGPT to your company’s machines, processes, and policies, to ensure it meets your specific needs.
  • Content breath: FractalGPT can access and analyze any type of documentation, including manuals, guides, datasheets, and more.
  • Contextual answers: It generates precise answers that are tailored to the context and user preferences, improving the user experience.
  • Complex query handling: FractalGPT can handle complex, multi-step queries that require reasoning and inference, ensuring that technicians get the information they need to complete tasks successfully.

    Get started with FractalGPT

    In today’s fast-paced world, field technicians and engineers need efficient solutions to overcome the challenges they face daily. FractalGPT offers a transformative approach to addressing these challenges.

    It is designed to be secure, scalable, and easy to use, making it ideal for businesses of all sizes and across industries. With FractalGPT, your teams can improve productivity while ensuring your data remains secure.

    Leveraging our partnership with Google Cloud and decades of AI expertise, Fractal can swiftly and efficiently assist you in implementing your Generative AI solution using FractalGPT.

    Take the first step in improving your field service operations by deploying your custom-branded FractalGPT in a week.

    Contact us to learn more about FractalGPT.