According to new survey findings, early adopters are ramping up their AI investments, launching more initiatives, and getting positive returns. Cloud-based cognitive services are increasing adoption by reducing the investment and expertise required to get started.
Both the private and public sectors are looking at AI to streamline processes and enhance customer and citizen experience. As a result, Western European Cognitive or AI Systems spending is poised to ramp up even further, reaching $10.8 billion by 2022 – that’s a 39% five-year CAGR.
The jobs of the future will require students to have strong cognitive skills in mathematics and literacy, as well as soft skills such as problem-solving and creative thinking, to enable them to adapt to a quickly changing environment.
Digitalization has found its way into timber construction, with entire elements already being fabricated by computer-aided systems. The raw material is cut to size by the machines, but in most cases it still has to be manually assembled to create a plane frame.
via ETH Zurich
There’s been a significant increase in enterprise investment on technologies that analyze, organize, access, and provide advisory services that are based on use cases for unstructured data. In fact, worldwide spending on cognitive and artificial intelligence (AI) systems will reach $19.1 billion in 2018 — that’s an increase of 54.2 percent over the amount spent in 2017.
The retail and banking industries are forecast to spend the most on cognitive and AI systems in 2017 with investments of $1.74 billion and $1.72 billion, respectively. The discrete manufacturing, healthcare, and process manufacturing industries are also forecast to spend more than $1 billion each this year.
Source: Digital Lifescapes
“Cognitive systems with high-definition technology can help in determining the world’s most composite data analysis difficulties by entering into the complexity of exploiting the power of big data, machine learning, natural language processing, and automated reasoning technology.”