It is inevitable that spending on AI technology will increase at a rate that will likely see an exponential curve in investment over the course of the next decade. A new report states that Global spending on AI is ‘expected to double in four years’... but this is just the tip of the iceberg.
As AI technology becomes more and more intertwined in our daily lives, so will investment. This will likely run parallel with major AI led adoptions, perhaps as a result of AI playing a pivotal role in solving real major world problems; especially if it proves to be a important component in understanding the current pandemic and assisting with treatments, along with predicting future outbreaks.
A breakthrough in AI showing itself to be far more than just "clever tech" will result in investment in AI technologies, the like of which we probably haven't seen, even in the Internet age.
Watch this space!
Worldwide spending on artificial intelligence (AI) is forecast to double over the coming for years to hit $110 billion by 2024, according to new data from IDC. The figure, which comes from the analyst firm’s latest Worldwide Artificial Intelligence Spending Guide, calculates a CAGR of 20.1% as adopting AI becomes a ‘must’ in the enterprise. In particular, companies will utilise AI to deliver a better customer experience, as well as help employees to become better at their jobs. Automated customer service agents, sales process recommendation and automation, as well as automated threat intelligence and prevention, are the primary use cases outlined by IDC.