“By linking primary research to big data, we can improve the robustness and practicality of foundational frameworks like segmentation. We can even create predictive algorithms that increase the precision of go-to-market strategies and initiatives.”
The combination of automation and cryptography produces a variety of enterprise use cases that are attractive to a wide range of industries. This study forecasts that increasing adoption of enterprise blockchain will drive the global market size from $4.6 billion in 2018 to $20.3 billion by 2025.
The global innovation race is heating up, with advances in artificial intelligence, blockchain, biotechnology, data storage and other cutting-edge technologies transforming sectors and global markets. To compete, companies can innovate in-house, or they can acquire others’ innovations.
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.
Manufacturing’s reliance on machinery and its legacy-driven operations environment, whereby teams rely on operator experience to guide their decision-making, makes it a prime candidate to derive a high return on investment (ROI) from artificial intelligence (AI).
Consumers are increasingly turning to online and mobile channels to make retail purchases that they traditionally would have made in-store in prior years — thanks to new online purchasing experiences like click-and-collect and mobile order-ahead.