Artificial Intelligence Point of View

Global Market Scenario According to survey, the market for enterprise AI system will increase from @202.5 million in 2015 to $11.1 billion by 2024. Illustration below depicts the AI revenue by region between 2015 & 2024

Key Players Artificial intelligence and machine learning are still new technologies, but 2017 will likely be the year when they take a huge leap forward. Enterprises such as Microsoft, Amazon and International Business Machines are racing to be the first major player in artificial intelligence. Illustration below describe Microsoft, Amazon and IBM as the early but “underappreciated” leaders in this area. These three companies’ AI platforms each have a market share of 20% to 30%.

Analyst Prediction According to survey, some of the key future predictions are “the global predictive analytics market to grow from USD 2.74 Billion in 2015 to USD 9.20 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 27.4% during the forecast period. The predictive analytics market is growing rapidly because of the transformation from traditional Business Intelligence (BI) techniques to advanced analytics techniques and massive surge of structured and unstructured data.” “by 2020, 50% of All Business Analytics Software Will Incorporate Prescriptive Analytics Built On Cognitive Computing Functionality” “the Cognitive Computing Market to grow from $2,510.4 Million in 2014 to$12,550.2 Million by 2019. This represents a Compound Annual Growth Rate (CAGR) of 38.0% from 2014 to 2019”

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