IDC: $2.6 Billion AI Software Platforms Market, Growing at 26.6%

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“The artificial intelligence software platforms market experienced steady growth in 2018, with revenue of $2.6 billion and a growth rate of 26.6%,” says David Schubmehl, research director, Cognitive/Artificial Intelligence Systems, IDC. ” IDC is seeing that in 2018 organizations have been moving from experimentation to production with the use of AI applications within their business processes. The AI software platforms market is seeing growth in providing the tools and capabilities that organizations are using to develop these applications. IDC expects to see this trend to continue, even though open source platforms and technologies are also seeing growth in this market.”

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Artificial Intelligence (AI): A Brief History

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AI Market Incremental Growth 2019-2023: $75.54 Billion

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Source: Technavio

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AI by the Numbers: $2.9 Trillion of Business Value in 2021

deep_learning_meme_kerasThe recent surveys, studies, forecasts and other quantitative assessments of the health and progress of AI estimated the impact on productivity of human-machine collaboration, the number of jobs that could be automated in major U.S. cities, and the size of the future AI in retail and healthcare markets; and found AI optimism among the general population, algorithms outperforming (again) pathologists, and that our very limited understanding of how our brains learn may improve machine learning.

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Do You Know What is AI?

BlumbergAI

26% of consumers think they interact with AI at least once a day; when they think of AI, 53% think primarily of robots and 40% think primarily of self-driving cars; 58% get their information on AI from movies and TV or social media

Blumberg Capital surveys of 1,000 U.S. consumers aged 18+

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A Short History of Algorithms

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AI by the Numbers: Only 20% of US Consumers Trust AI-Generated Healthcare Advice

artificial-intelligence-mapThe surveys, studies, forecasts and other quantitative assessments of the health and progress of AI for this week find increased VC excitement over AI startups, low trust in AI advice by U.S. consumers and global business executives, China and Germany ahead of the US in the use of AI in healthcare while the US spends more, and the inaccuracy of facial recognition.

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Amazon Leads the $23 Billion Public Cloud Market in Q2, Growing 8X Over 5 Yrs

Infographic: Amazon Leads the Race to the Cloud | Statista You will find more infographics at Statista

Infographic: The Blockbuster Growth of Amazon's Cloud Business | Statista You will find more infographics at Statista

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The Future of the Robotics Industry

Steve Crowe, Editor of The Robot Report, catches up with 10-year-old robotics prodigy Michael Wimmer at the Robotics Summit & Expo 2019.

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Chatbots and Natural Language Processing (NLP)

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Natural Language Processing is a based on deep learning that enables computers to acquire meaning from inputs given by users. In the context of bots, it assesses the intent of the input from the users and then creates responses based on contextual analysis similar to a human being.

Source: Maruti Techlabs

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