According to a report by IDC, worldwide spending on artificial intelligence systems is forecast to reach $35.8 billion in 2019, an increase of 44.0% over the amount spent in 2018. The report also predicts that the retail sector will lead the spending, followed by the banking sector. Artificial intelligence is well-positioned to impact various sectors like retail, healthcare, banking, finance, discrete manufacturing, transportation, etc. According to a Gartner survey, 37% of organizations have implemented AI in some way. In the early stages, AI was based on rule-based systems, in which, the AI system depended on a knowledge base of rules to deliver business value.
Nov-6-2019, 07:11:14 GMT