According to Global Market Insight between 2016 and 2024, the market share for the voice based technology will grow at an annual rate of almost 35 percent. More and more sectors of the economy, like healthcare and the automotive industry, are finding uses for the speech recognition technology in addition to those found in devices like smart speakers and phones.
An intelligent personal assistant can help someone with basic tasks. They often understand natural language and can help with things like creating meeting requests, reporting a sports score, and sharing the weather forecast. Intelligent personal assistants have access to a large amount of information on a device or online, which enables them to perform simple tasks.
Other terms for an intelligent personal assistant include chatbot, automated personal assistant, or automated virtual personal assistant.
Siri, Google Assistant, Cortana, Amazon Alexa, and others are examples of intelligent personal assistants.
Voice assistants could change the way many places do business. Lucas uses the example of a laboratory where people have to wear thick gloves and bodysuits for safety and contamination reasons. It isn’t practical for them to type anything or push buttons to make something happen, but voice technology could change everything by automating tasks. For the companies that do embrace the technology, many employees use smart speakers for various tasks during meetings. If someone needs to know a fact or an address, the voice assistant can search for that data and give a response. It can also take notes, record action items, set meetings on calendars, and create to-do and follow-up lists, all of which save time and keep people focused on the meeting.