Developing AI in Europe Through New Strategies Analytics Insight

It is a known fact that Artificial Intelligence (AI) has opened diverse opportunities in the world of technology, but it is no secret that the economic impact of AI has also been momentous for its adopters. Come 2030, AI based initiatives will pump 12.8 trillion Euros into the global economy!* Caught up in the global frenzy to prove dominance in the realm of AI, the European Union which was till very recently nascent in its AI advancements, has now set up extensive AI strategies to further boost its economy. With a united stance, the European Union took the big leap in the direction of AI when in 2014 they announced the launch of Horizon 2020. The biggest EU Research and Innovation program till date, Horizon 2020 was initiated in order to develop a conducive environment for producing world-class innovations within the continent.