NEEDHAM, Mass., March 7, 2023 – A new forecast from the International Data Corporation (IDC) Worldwide Artificial Intelligence Spending Guide shows that global spending on artificial intelligence (AI), including software, hardware, and services for AI-centric systems*, will reach $154 billion in 2023, an increase of 26.9% over the amount spent in 2022. The ongoing incorporation of AI into a wide range of products will result in a compound annual growth rate (CAGR) of 27.0% over the 2022-2026 forecast with spending on AI-centric systems expected to surpass $300 billion in 2026. "Companies that are slow to adopt AI will be left behind – large and small. AI is best used in these companies to augment human abilities, automate repetitive tasks, provide personalized recommendations, and make data-driven decisions with speed and accuracy," said Mike Glennon, senior market research analyst with IDC's Customer Insights & Analysis team. "Suppliers of AI technologies need to know which are the largest and fastest growing opportunities, but without data they become just another opinion. IDC's AI Spending Guide provides the foundation for marketing strategy through its comprehensive coverage of AI opportunities and gives a robust basis for a market focus that ties with companies' capabilities."

Topgolf, which has plans to expand to 81 locations world-wide, has broken ground on its latest facility in the greater Boston area. Located in Canton, Mass., roughly 20 miles southwest of Boston, the venue is slated to open in late 2023 and will be the Topgolf's first foray into the state of Massachusetts. The facility will have 90 separate hitting bays that each contain heaters, fans and Topgolf's standard Toptracer technology that tracks ball speed, distance and powers gamification by inserting RFID chips into the golf ball. Customers, for instance, will be able to play an AR golf version of Angry Birds or a new digital spinoff called Shankstars where mythical characters such as a T-Rex skeleton play metaverse-styled courses that have unorthodox hazards. The Callaway-owned company currently has 70 sites up and operating, with others coming soon in locations such as San Diego.

NEEDHAM, Mass., September 12, 2022 – Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services for both AI centric and AI non-centric applications*, totaled $383.3 billion in 2021, an increase of 20.7% over the prior year, according to the most recent International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Tracker. IDC expects the AI market value will reach nearly $450 billion in 2022 and maintain a year-over-year growth rate in the high teens throughout the five-year forecast. "Across all industries and functions, end-user organizations are discovering the benefits of AI technologies, as increasingly powerful AI solutions are enabling better decision-making and higher productivity," said Rasmus Andsbjerg, associate vice president, Data & Analytics at IDC. "The reality is, AI offers solutions to everything we are facing at the moment. AI can be a source for fast-tracking digital transformation journeys, enable cost savings in times of staggering inflation rates and support automation efforts in times of labor shortages." AI Software again accounted for the largest share the overall AI market in 2021.

NEEDHAM, Mass., February 15, 2022 – Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, is forecast to grow 19.6% year over year in 2022 to $432.8 billion, according to the latest release of the International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Tracker. The market is expected to break the $500 billion mark in 2023. "AI has emerged as the next major wave of innovation. AI solutions are currently focused on business process problems and range from human augmentation to process improvement to planning and forecasting, empowering superior decisioning and outcomes. Advancements in language, voice and vision technologies, and multi-modal AI solutions are revolutionizing human efficiencies," said Ritu Jyoti, group vice president, Worldwide Artificial Intelligence (AI) and Automation Research at IDC. "Overall, AI plus human ingenuity is the differentiator for enterprises to scale and thrive in the era of compressed digital transformation."

NEEDHAM, Mass.--The global market for artificial intelligence (AI) software, hardware, and services is estimated to grow 15.2% in 2021 to $341.8 billion, according to the latest release of the International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Tracker. IDC is also predicting massive 18.8% growth in 2022, with the sector on track to break the $500 billion mark by 2024. Software is by far the largest of the AI tech categories, accounting for 88% of the market. Within the AI Software category, AI Applications has the lion's share at nearly 50% of revenues, IDC reported. In terms of growth, however, AI Platforms has the strongest with a five-year compound annual growth rate (CAGR) of 33.2%.

Posted 6 hours ago. Tripadvisor is looking for an experienced Machine Learning Scientist to join and lead a small team…See this and similar jobs on …

NEEDHAM, Mass., Oct. 8, 2019 /PRNewswire-PRWeb/ -- The Industrial Internet Consortium (IIC) today announced that its Smart Factory Machine …

Optimus Ride has already deployed its autonomous transportation systems in the Seaport area of Boston, in a mixed-use development in South Weymouth, Massachusetts, and in the Brooklyn Navy Yard, a 300-acre industrial park. Some of the biggest companies in the world are spending billions in the race to develop self-driving vehicles that can go anywhere. Meanwhile, Optimus Ride, a startup out of MIT, is already helping people get around by taking a different approach. The company's autonomous vehicles only drive in areas it comprehensively maps, or geofences. Self-driving vehicles can safely move through these areas at about 25 miles per hour with today's technology.

This is the fourth in a continuing series of stories previewing sessions of importance to cloud application developers at the Cloud Expo conference, which takes place June 7 to 9 at the Jacob Javits Center in New York. Judith Hurwitz is president and CEO of Hurwitz & Associates, a Needham, Mass., research and consulting firm focused on emerging technology, including big data, cognitive computing and governance. She is co-author of the book Cognitive Computing and Big Data Analytics, published in 2015. Her Cloud Expo session, "What Is the Business Imperative for Cognitive Computing?" is scheduled for Wednesday, June 8, at 8:40 a.m. In it, she puts cognitive computing into perspective with its value to the business, examines what it takes to build a cognitive application and identifies the types of services that best fit this data-driven approach.

Companies want to use every channel possible to talk to their customers and interact more than before. Also: What is AI? Everything you need to know But what really matters to the customer when companies talk to them? Franklin, Mass.-based IT service company Interactions, in conjunction with The Harris Poll, conducted a study to find out how customers perceive voice channels. It carried out an online study of interactions amongst 2,022 US adults in August 2018. It wanted to focus more specifically on voice channels, when it is considered creepy, and when people prefer to speak with AI over humans.