While data have always been an important business input, recent advances in AI and analytics are increasing the number of arenas in which decision-makers can activate data’s superpowers, from hiring to product development to customer engagement.
Artificial intelligence, machine learning, and big data will transform financial services and small-business lending long before they impact driverless cars, predicts Harvard Business School Senior Fellow Karen G. Mills.
“Artificial intelligence is spreading across every industry. With new developments making headlines every day, it can be tough to sort out the essential news from the hype. Our analysts cut through the noise to identify 25 of the top AI trends to watch this year.”
via CB Insights
The manufacturing sector will undergo a transformation as new technologies enable innovative factory automation solutions. The ‘Digital Factory’ market will grow at a compound annual growth rate of 33 percent to reach $673 billion in 2026, according to ABI Research.
Augmented analytics, continuous intelligence and explainable artificial intelligence (AI) are among the top trends in big data and analytics that have significant disruptive potential over the next three to five years, according to the latest worldwide market study by Gartner.
“The decentralized-record-keeping technology, which is designed to instill trust in the authenticity of digital transactions, could be used to create efficient solutions for both commercial and residential real estate — from buying property to conducting due diligence to enabling crowd-sourced investments, and more.”
via CB Insights
Worldwide ICT spending on hardware, software, services and telecommunications will reach $4.6 trillion by 2022, representing average growth of 4 percent per year. Commercial customers will represent around 63.5 percent of total spending by 2022 ($2.9 trillion), while consumers will account for 36.5 percent ($1.7 trillion), according to IDC.