Cognitive on Cloud @CloudExpo #AI #Cloud #CognitiveComputing

According to the IBM Institute for Business Value the market will see a rapid adoption of initial cognitive systems. The most likely candidates have moved beyond descriptive and diagnostic, predictive and routine industry-specific capabilities. Seventy percent of survey respondents are currently using advanced programmatic analytics in three or more departments. In fact, the widespread adoption of cognitive systems and artificial intelligence (AI) across various industries is expected to drive worldwide revenues from nearly US$8.0 billion in 2016 to more than US$47 billion in 2020. The analyst firm IDC predictsthat the banking, retail, healthcare and discrete manufacturing industries will generate more than 50% of all worldwide cognitive/ AI revenues in 2016.