AI/ML – Taking Things to the Next Level

Worldwide spending on cognitive and AI systems has been forecast to reach $57.6 billion in 2021, according to the Worldwide Semiannual Cognitive Artificial Intelligence Systems Spending Guide from International Data Corporation (IDC). With many industries aggressively investing in cognitive and AI solutions, spending is expected to achieve a CAGR of 50.1% over the 2016-2021 forecast period. Worldwide spending on cognitive and AI systems were estimated to total $12.0 billion in 2017, an increase of 59.1% over 2016, IDC reported last September.

Artificial Intelligence: The Next Digital Frontier by MGI reveals that digital native companies made some of the most significant and earliest investments in AI, providing test cases for potential ROI in AI.

Amazon has achieved impressive results from its $775 million acquisition of Kiva, a robotics company that automates picki ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.