Artificial Intelligence - March 25 2019
Worldwide spending on cognitive and artificial intelligence systems is expected to triple over the next four years, as organizations invest in projects that use cognitive/AI software capabilities, according to a recent report from International Data Corporation (IDC). Spending on cognitive and AI systems will reach $77.6 billion in 2022. That’s up more than three times compared with the $24.0 billion spending forecast for 2018.
Cognitive/AI capabilities can significantly empower organizations across multiple industries and verticals to rethink age-old processes and business methods. Harnessing the power of AI has proven to reduce costs, improve staff productivity and increase profitability. However, with different types of Artificial Intelligence (AI) and each type having its unique capabilities, it can be challenging to select the right AI solution that meets corporate goals and seamlessly integrates with existing infrastructures.