The Impact Of Artificial Intelligence Over The Next Five Years

Artificial intelligence (AI) has been a huge growth enabler for many industries, due to its ability to streamline business processes, reduce operation costs and automate tedious tasks. The evolution of technologies such as cloud computing, big data, and internet of things (IoT) could enable further market growth in the AI sector, which my company predicts will be worth $190.61 billion by 2025. In its latest update, Tractica forecasted (paywall) that annual worldwide AI software revenue alone could reach $105.8 billion by 2025. As AI continues to grow and expand its reach -- something I've written about previously -- I believe that the marketing, security, health care, and automotive industries are poised to be the top four end-user industries to experience the most significant impact during the next five years. Today, companies are leveraging AI to enhance major marketing applications -- such as copywriting, dynamic pricing, virtual assistants, consumer behavior prediction and others.