Four industries set for a machine learning transformation in 2019 - Econsultancy

Machine learning made a big splash in 2018, and companies are expected to continue or increase their investments in this technology in the coming year. IDC forecasts that machine learning and AI spending will increase from $12 billion in 2017 to $57.6 billion by 2021. Data science platforms that support machine learning are predicted to grow at a 13% CAGR through 2021. Numerous industries have felt an enormous shift due to machine learning, and large tech giants continue to vie for top data science talent. Manufacturing, for example, saw the implementation of smart factories, where machines can essentially talk to each other and predictive analytics can forecast any potential problems.