Cognitive and artificial intelligence spending expected to surge through 2020, says IDC ZDNet

The next wave of IT innovation will be powered by artificial intelligence and machine learning. We look at the ways companies can take advantage of it and how to get started. Revenue for cognitive and artificial intelligence systems will hit $12.5 billion in 2017, up 59.3 percent from a year ago, according to IDC. Through 2020, these AI systems will top $46 billion, up 54.4 percent on a compound annual growth rate. The biggest portion of that spending in 2017 will go to cognitive applications. Cognitive and AI software platforms with tools to organize, access and analyze data will see spending of $2.5 billion.