Intelligent Personal Assistant Market
The growing influence of technology has created several niche markets, one of which is that of intelligent personal assistants. Market focused reports related to the information and communication technology sector among others recently have been made available by Market Research Future which publishes reports on this sector. The industry is projected to demonstrate a high rate of CAGR along with incomparable revenue levels through the forecast period.
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The intelligent personal assistant market is surging due to developments in the market. The product offerings of the industry are also replacing the need to have humans carry out the same function. Moreover, the growth of this sector is fuelled by the widespread use of handheld compatible devices such as smartphones. The awareness levels of the end users and the ability to easily operate the device as well as IPA interfaces have also increased the scope of expansion of the market. The main USP of intelligent personal assistants in increasing the productivity of individuals will continually contribute to the growth of the industry between 2017 and 2027.
Industry Segments
The intelligent personal assistant has been segmented on the basis of deployment, technology and region. The deployment based segment of the industry comprises of tablets, smartphone & computers among others. The segmentation on the basis of technology includes natural language processing, voice recognition & deep learning. The regions covered in the industry comprise of Europe, North America, Asia Pacific and rest of the world.
Intelligent Personal Assistant: The Working Mechanism
An intelligent personal assistant is a technology that is based on software that mainly uses a device’s microphone to receive voice requests. On the counterpart, the intelligent personal assistant market is also conceptualized as a combination of several different technologies: one, voice recognition, two, the voice analysis, and three, the language processing.
In the entire process, when a user asks a personal assistant to perform a task, the natural language audio signal is then converted into digital data that is analyzed by the software. After this, the data is compared with a database of the software with the help of an innovative algorithm to find an appropriate answer. The database is located on distributed servers in cloud networks. Therefore, with the mounting number of queries, the database of the software gets prolonged and optimized, which progresses voice recognition and surges the response time of the system.
Listing: Pros of Intelligent Personal Assistant
Exploring
There are many places where it is impossible and safe for humans to identify and understand things. AI makes it possible for humans to learn more about these places, which furthers the species knowledge and database. Thus, in this way, humans can explore the deepest parts of the ocean with the help of AI, a successful journey to inhospitable planets, and even find new resources to consume because of this AI technology, which gave birth to Intelligent Personal Assistant.
Rise in Productivity Scale
Intelligent personal assistants also help in creating productivity when implemented in a business. In the matter of business, instead of using texting something, one can use word processing software to write and where a misspelled word can be automatically corrected. The particular benefit because of intelligent personal assistants.
Streamline Services
Best AI personal assistants can streamline and automate basic customer service or sales interactions for a business.
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