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

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.
£
£
$
$$