The artificial intelligence (AI) market was valued at $21.5 billion in 2018 and will reach 190.6 billion by 2025 — that’s a CAGR of 36.6 percent. Major drivers are big data, cloud-based applications, and demand for intelligent virtual assistants.
Predictive Maintenance solutions market has reached $3.3B in 2018 and is forecast to grow at 39% to $23.5B by 2024. It is estimated that in 2024, adopters of Predictive Maintenance will save $188B in costs on top of other benefits such as improved regulatory compliance and enhanced safety.
via IoT Analytics
“AI-powered attacks will outpace human response teams and outwit current legacy-based defenses; therefore, the mutually-dependent partnership of human and AI will be the bedrock of defense strategies in the future.”
Demand is surging for information-technology (IT) workers with advanced digital skills, as more companies seek help developing data analytics, artificial intelligence (AI) and other emerging business tools.
More and more non-technology companies are adopting digital technologies like AI, data analytics, and machine learning. This study of the economic performance of non-tech firms adopting new digital technologies finds a persistent future increase in valuation.