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AI & Machine Learning: A Forecast

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AI and Machine Learning could well change the way industries operate. Where could this technology lead us in the next few years?

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AI & Machine Learning: A Forecast

  1. 1. WWW.ITQANALYTICS.COMJANUARY AI & MACHINE LEARNING: A FORECAST IBM’S VIEW RPA is forecast to reach $4.98bn by 2020 TOP SECTORS ADOPTING THIS TECHNOLOGY The overall artificial intelligence market is expected to reach $16.06bn by 2022 North America leads the artificial intelligence market in terms of market size Natural language processing is expected to hold the largest market share by 2022 THREE FACTORS ENABLING AI GROWTH Unlimited access to computing power via Cloud Growth in Big Data feeding AI improvements SOURCE: GARTNER, MARKETS & MARKETS, RESEARCH AND MARKETS, ACCENTURE, TRANSPARENCY MARKET RESEARCH. “COMPARED TO THE INDUSTRIAL REVOLUTION, AI IS CONTRIBUTING TO TRANSFORMATION OF SOCIETY, 10 TIMES FASTER, AT 300 TIMES THE SCALE, WITH 3,000 TIMES THE IMPACT” MCKINSEY GLOBAL INSTITUTE Algorithms and hierarchical pattern recognition Retail Banking and FinanceHealthcare IBM Chief Executive Ginni Rometty said the company sees a $2 trillion opportunity in what it calls ‘cognitive computing’ (machine learning) over the next decade. £ £ $ $$

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