Artificial Intelligence as a Service: AI Meets the Cloud - Datamation

In their never-ending quest to stay ahead of the competition, a growing number of enterprises are looking for ways to incorporate artificial intelligence into their applications, products, services and big data analytics. And one of the easiest and most popular ways to get started with the technology is by using cloud-based AI as a service (AIaaS) offerings. According to IDC, worldwide spending on cognitive and AI systems is expected to increase at a compound annual growth rate (CAGR) of 50.1 percent through 2021. That means total spending on these technologies will increase from $12.0 billion in 2017 to a whopping $57.6 billion by 2021. Much of that spending will likely go to cloud-based AI services.