Global Artificial Intelligence Industry Report – Market Size, Growth & Trends

Report Summary

Artificial Intelligence is the next force of digital disruption. It refers to systems or machines that can work or react like humans. AI includes multiple technologies, the most prominent among them are machine learning, deep learning and natural language processing (NLP).

Early evidence points to the fact that AI can deliver real value to end users and can be a serious force of disruption. It is already being used across multiple industries including retail, healthcare, manufacturing, defense, education.  It is anticipated that the impact of AI will grow significantly over the next five years as it become more mature and easily deployable commercially.

The investments in AI by organizations are rapidly growing. Companies such as Google, Facebook, Amazon are making massive investments in the field. The number of startups emerging in the field of AI has been rising as well. In lieu of that, VC, private equity and seed funding in the sector has witnessed robust growth over the last few years. Machine learning, as an enabling technology, received the largest share of both internal and external investment.

New AI technologies such as deep learning is surpassing the limits of previous machine learning. Though, machine learning has been attracting largest share of investment till now, it is likely that deep learning will take over going forward. Machine learning algorithms need to be trained by feeding large sets of data to them. This requires some form of human intervention and are therefore prone to human biases. However, deep learning, which uses artificial neural network to make decisions does not need any human training and are capable of learning on their own.