Tag Archive | artificial intelligence

AI Market Revenue will Reach $190.61 Billion by 2025

AI Market Revenue will Reach $190.61 Billion by 2025

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.

via Markets & Markets

AI for Predictive Maintenance Gains Momentum

AI for Predictive Maintenance Gains Momentum

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

How AI will Challenge Enterprise Cybersecurity Defenses

ai-cyber-security

“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.”

via World Economic Forum

Commercial Drone Revenue to Reach $43B by 2024

Commercial Drone Revenue to Reach $43B by 2024

The Commercial Drone market will reach a 20.5% CAGR during 2019-2024, with annual spending surpassing $43.1 Billion by 2024. This is based on the drone-related revenue of companies across 15 industry segments.

via IoT Analytics

Why AI Applications Need Purpose-Built Servers

Why AI Applications Need Purpose-Built Servers

This is why compute and storage server platforms matter: “the AI revolution that we are witnessing could not have happened without the evolution of the computing hardware and of the computing ecosystem.”

via World Economic Forum

Rising Demand for Digital Business Developer Skills

Rising Demand for Digital Business Developer Skills

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.

via WSJ

Digital Business Investments Improve Valuations

How Digital Business Investments Improve Valuations

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.

via Harvard Business School