Artificial Intelligence Market Forecasts

NEW YORK, Nov. 8, 2016 /PRNewswire/ — Artificial intelligence (AI) is poised to have a transformative effect on consumer, enterprise, and government markets around the world. An umbrella term that refers to information systems inspired by biological systems, AI encompasses multiple technologies including machine learning, deep learning, computer vision, natural language processing (NLP), machine reasoning, and strong AI. These technologies have use cases and applications in almost every industry and promise to significantly change existing business models while simultaneously creating new ones.In sizing and forecasting the total global AI market, Tractica has created a taxonomy of 191 real-world use cases for AI, organized into 27 different industry sectors and corresponding with six major technology categories, plus multiple combinations of technologies. Some use cases – such as image…

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