Although artificial intelligence (AI) has been around for decades, the industry has seen a recent resurgence. According to a report from PwC and CB Insights, AI investment in the US resulted in a 36 per cent compounded annual growth rate (CAGR) between 2013 and 2018. This jump in AI spending was more pronounced in 2018, increasing 72 per cent from the year prior. As momentum grows, intelligent software is permeating a diverse range of industries. The pursuit of operational efficiency and resulting cost savings remain primary drivers of AI adoption.
Jan-15-2020, 09:02:15 GMT