Gartner analysts believe that by 2020, artificial intelligence technology will be pervasive in almost every new product and service.
Furthermore, the revenue from the AI market worldwide will grow to nearly £46bn by 2025, according to market research from Tractica.
So, why is there so much hype around AI?
Many of the theories and technical ideas behind AI may have been around for many years. However, computational power has increased to an extent that many of the benefits AI could give to businesses are finally becoming a reality in multiple industries.
This trend, powered by digital transformation, means leaders should care about AI, if they are seriously thinking about the long-term health of their businesses.
Customer preferences change constantly, and expectations for service and support continue to rise. AI will lead to the transformation of many businesses, and potentially give rise to organisations that do business in a way we’ve never seen before.
If you want to know:
- Why businesses should care about AI
- What you can do with AI?
- AI advancements to look out for
- AI in manufacturing
- The AI conversation businesses must have