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Natural language technology has fueled a boom in AI adoption, as everyone from small businesses to large corporations seek to introduce streamlined, automated language functions into their customer service and back-end systems. But it's also an area of confusion, owing to plenty of hype--and industries need to get through this confusion in order to bring the sophisticated natural language solutions of tomorrow to fruition. To gain a better understanding of what natural language AI will look like in 2020, we sat down with Alex Poulis. Alex is the senior director of AI at Transperfect, where he founded their Dataforce division, which focuses on training data for machine learning. He's been involved in language technologies since 2002--long before the world entered its current AI hype cycle--and previously worked with Lionbridge on their data collection efforts.
According to a new market research report, "Speech Analytics Market by Type (Solutions (Speech Engine, Indexing, Analysis and Query Tools, and Dash Boards and Reporting Tool) and Services), by Deployment Type (On- Remise, Cloud), by Organization Size, by Vertical, & by Region – Global Forecast to 2020?, published by MarketsandMarkets, the market size is estimated to grow from USD 589.2 Million in 2015 to USD 1.60 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 22.0% from 2015 to 2020. Browse 66 market data Tables and 25 Figures spread through 145 Pages and in-depth TOC on"Speech Analytics Market" Early buyers will receive 10% customization on this report. The speech analytics technology is witnessing the rising demand due to the need to decipher hidden insights from the customer interaction data. Rising number of contact centers, importance of customer feedback, need for Customer Relationship Management (CRM), product development, increasing competition among organizations, and stringent compliance management are some of the factors deriving the demand of speech analytics solutions and services. The speech analytics solutions are expected to dominate the market from 2015 to 2020, with larger market share than the service segment, due to growing trends of analytical insights from customer interaction data.
Summary: Artificial Intelligence in Healthcare Market Overview: Artificial intelligence (AI) can be defined as the science and engineering adopted to design intelligent machines, especially intelligent computer programs. AI is an intelligent system that applies various human intelligence based functions such as reasoning, learning, and problem-solving skills on different disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering. AI is widely applicable in medication management, treatment plans, and drug discovery. The global AI in healthcare market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.7% from 2017 to 2023. The growth of the global AI in healthcare market is driven by the ability of AI to improve patient outcomes, need to increase coordination between healthcare workforce & patients, increase in adoption of precision medicine, and a notable rise in venture capital investments.
I would like to start with the fact that the retail market today is developing by leaps and bounds, but traders by the way also do not standstill. On the contrary, they gradually seize the initiative by introducing Artificial Intelligence into their products. Note, when many things were simply impossible, but thanks to the arrival chatbots much have changed. Chatbots are one of the most effective tools in building relationships between customers. More and more retailers choose eCommerce chatbots as a primary method of communication with the visitors of their online stores.