Is Artificial Intelligence the next game changer in IT?

Artificial Intelligence has been heralded as a game changer in the drive toward the intelligent enterprise. While AI and machine learning has been around for more than five decades, it's today's increasingly interconnected world and the continuing explosion of data that is driving an increase of applications powered by AI. AI promises to deliver exciting opportunities to the IT as well as the business world, and many believe the reality is not far off. According to a recent report by Research and Markets, the AI market is estimated to grow from 419.7 million in 2014 to 5.05 billion by 2020, at a CAGR of 53.65% from 2015 to 2020. Major factors driving growth include diversified application areas of AI, improved productivity, and increased levels of customer satisfaction.