Embrace AI or Face Extinction, Says Research

If companies fail to make artificial intelligence (AI) a core competency within the next five years, they will face either stagnation or elimination, according to GlobalData, a leading data and analytics company. The company's latest Thematic Research report: 'Artificial Intelligence – Thematic Research', reveals that incumbents in virtually every industry are facing some kind of game-changing disruption from AI technologies, with some being better prepared than others for the challenges ahead. AI adoption is highest in the banking and financial services, automotive, technology and telecoms verticals while the construction, energy and education industries lag behind. The report also identifies the market leaders and notable disruptive start-ups across seven AI technology areas, namely; machine learning, data science, conversational platforms, computer vision, AI chips, smart robots and context-aware computing. Ed Thomas, Senior Analyst, Thematic Research Technology at GlobalData, commented, ''Nearly 70 years since Alan Turing posed the question'Can machines think?', AI is finally beginning to have an impact on the global economy.