Cognitive Systems Revenue Will Reach a 14.6 Percent CAGR

The global cognitive systems market will witness a massive hike in revenues, reaching $21.46 billion by the end of 2026. Over the 10-year assessment period, the global cognitive systems market will expand at a compound annual growth rate (CAGR) of 14.6 percent.

Source: BriefingWire

How Artificial Intelligence Can Create New Jobs for Everyone

“Eventually, after the Industrial Revolution, there were at least as many jobs as there were before and they were better ones. The net result was an increase in productivity and in the number of people employed, which raised overall wealth.”

Source: World Economic Forum

How Cognitive Systems will Transform the Insurance Sector

Insurance industry is currently on a digital mission to offer contextual and value-centric products and offerings to its customers driven by the change in customer and market expectations, technological disruptions, and the emergence of new kinds of competition.

Source: IDC Community

Cognitive System Users will Reach One Million by 2022

ABI Research predicts the number of businesses adopting artificial intelligence (AI) technologies worldwide will grow significantly, up from 7,000 this year to nearly 900,000 in 2022 — that’s a CAGR of 162 percent.

Source: Digital Lifescapes

Cognitive Systems for Banking Apps are Growing Rapidly

The banking sector is the most lucrative vertical segment in the global cognitive systems spending market. The banking segment accounted for more than 20% of value share in 2016 and is expected to rise at a CAGR of 15.5% during the forecast period in North America.

Source: Digital Journal

Artificial Intelligence Benefits Global Economic Expansion

According to a new report, global GDP will be 14% higher in 2030 as a result of artificial intelligence (AI) – the equivalent of $15.7 trillion, more than the current output of China and India combined.

Source: World Economic Forum

Explore the Global Autonomous Vehicle Readiness Index

Managing urban transportation challenges in large metropolitan areas has motivated local government leaders to consider alternative solutions to traditional public transit. More major cities across the globe now have programs in place to test the applications of autonomous vehicle (AV) technologies.

Source: Digital Lifescapes

Why Artificial Intelligence will Enhance Human Potential

Artificial intelligence (AI) can extend and augment human capability to help solve health, poverty and education issues. If there is a problem, taking a new look at solving it through the lens of AI will almost always be warranted.

Source: World Economic Forum

Cognitive Systems are Growing by 56 Percent in Latin America

Spending in cognitive systems will reach $358.2 million in Latin America by 2020. Financial services tops the list at 37% of the total, followed by manufacturing and resources with 15%, distribution and services with 10%, cross-industries with 6%, and other industries with the remaining 32%.

Source: IDC

Banking and Healthcare Chatbot Apps will Blossom

Chatbots have the potential to complete many of the tasks currently performed by online workers via utilizing Artificial Intelligence (AI) systems that are capable of fluent conversations with human clients and customers.

Source: Digital Lifescapes