Businesses To Double Their Use Of Machine Learning By 2018

Enterprise machine learning within business organizations is all set to double by this year while smartphone usage is set to grow with sales reaching 1.85 billion per year by 2023, a new study has found. According to Deloitte Global's Technology, Media and Telecommunications Predictions, business organizations will likely double their use of machine learning technology by the end of 2018 as they seek to ramp up productivity. The report noted that the growth in new semiconductor chips will increase the use of machine learning, enabling applications to use less power, and at the same time become more responsive, flexible and capable. "We see governments in the GCC playing an active role in promoting the adoption of AI and Machine Learning," said Emmanuel Durou, Partner and Technology, Media and Telecommunications Leader, Deloitte, Middle East. Deloitte Global also predicted that live broadcast and events will generate over $545 billion in direct revenues in 2018.