Artificial Intelligence (AI) and Machine Learning (ML) have been adopted for their automation benefits, from predictive outcomes to advanced data analytics. AI-based cybersecurity can augment the capabilities of IT staff and help organizations deflect cyber threats, according to Frost & Sullivan.
The prescriptive analytics market was valued at $1.96 billion in 2018 and is projected to reach $12.35 billion by 2026, growing at a CAGR of 26.6% from 2019 to 2026. Prescriptive analytics leverages in-depth data mining techniques, which include machine learning.
via Allied Research
“As artificial intelligence, automation, Internet of Things, blockchain, and 5G become pervasive, their combined impact will reshape standard business architectures. The “outside-in” digital transformation of the past decade is giving way to the “inside-out” potential of data exploited with these exponential technologies.”
“Sixty-five percent of survey respondents overall said they expect their HR budgets to increase in 2020, while only 17% expect a decrease and 19% expect no change. The survey received responses from 373 HR leaders of director level and above globally.”
The global predictive maintenance market, valued at $28.24 billion by 2025, will grow at a CAGR of 37.9%. Demand for IoT and big data, along with rising concerns regarding asset maintenance and operational costs, is expected to drive the growth.
via Grand View
“When looking at five specific technologies – data analytics, sensors, artificial intelligence (AI), automation and blockchain – uptake across all sectors has increased year over year, with 94% of business leaders saying they are putting these technologies to work in order to stay competitive.”
The global retail analytics market will reach a value of $24 billion by 2027 — expanding at a CAGR of ~19% from 2019 to 2027. Asia Pacific is anticipated to dominate the global retail analytics market and expand at a CAGR of ~24% during the forecast period.