Artificial Intelligence Use Cases

Artificial intelligence (AI) technologies and deployments are becoming even more widespread, thanks to a combination of growing amounts of data, faster processing power, and increasingly powerful algorithms. Indeed, as AI technologies make their way into virtually every industry, enabling machines to speak, listen, move, and make decisions in unprecedented ways, a wide range of use cases are illustrating the potential business opportunities, attracting new investment, and driving changes to existing business processes. Tractica's analysis indicates that the opportunity for AI spans a wide range of industries and geographies, from advertising and automotive, to transportation and telecommunications. A significant portion of the overall revenue is concentrated in highly domain-specific markets with high-volume data needs and ontologies, as well as those with growing applications for machine perception. AI is widely considered to be the catalyst for the next big technological shift, on par with past shifts like the industrial revolution, the computer age, and the smartphone revolution.