Global Artificial Intelligence (AI) Market Outlook Market Overview In the era of digitalization and rapidly changing technology, Artificial intelligence technology is one the fastest evolving technology across the globe. Further this technology has vast applications in various sectors like healthcare and manufacturing. Artificial intelligence has potential to lift various industries by reducing the human effort and increasing productivity. The AI technology will transform the functionality of various sectors such as agriculture, Industrial, BFSI, Healthcare among others by providing ease to consumers and the users. Artificial intelligence consists of various technologies such as natural language processing, quarrying, deep learning etc which can be implemented in various applications.
The fast pace of artificial intelligence (AI) and automation is propelling strategists to reshape their business models. This is fostering the integration of AI in the business processes but the consequences of this adoption are underexplored and need attention. This paper focuses on the overall impact of AI on businesses - from research, innovation, market deployment to future shifts in business models. To access this overall impact, we design a three-dimensional research model, based upon the Neo-Schumpeterian economics and its three forces viz. innovation, knowledge, and entrepreneurship. The first dimension deals with research and innovation in AI. In the second dimension, we explore the influence of AI on the global market and the strategic objectives of the businesses and finally, the third dimension examines how AI is shaping business contexts. Additionally, the paper explores AI implications on actors and its dark sides.
The concept of artificial intelligence has been a fascination since long. Basically a simulation of the human intelligence embedded in machines that are devised to think and work like human brains whilst imitating the similar actions, AI has brought about a revolution worldwide. What has made the AI market gain quite some traction since the last few years is the conceptual interpretation of the subject as depicted by big-budget films and novels. These illustrations build up artificial intelligence as a robot in the minds of people which is fostering the penetration of artificial intelligence-based solutions worldwide. Emerging as a groundbreaking invention since 1956, artificial intelligence has let loose various human intelligence concerns on the side and has evolved as top choice for myriad industries, sectors and companies to execute tasks, right from simple to complex.
AI Business Directory is a list of key companies (including startups and big corporations) worldwide with products, services, and applications in the fields related to the Artificial Intelligence (AI). A registered user can submit a listing and maintain it for your own business. The listing service is free. Typical AI fields include, but not limited to: Machine Learning (ML), Deep Learning, Cognitive Computing, Natural Language Processing (NLP), Computer Vision, Pattern Recognition, Autonomous Agents and Multi-Agent Systems, Automated Planning and Scheduling, Robotics, Predictive Analytics, etc. Typical AI applications include, but not limited to: Smart Agriculture, Healthcare, Manufacturing, Smart Cities, Smart Grids, Smart Mobility, Smart Lighting, Smart Buildings, Smart Home, Autonomous Vehicles, Supply Chain and Logistics, Cybersecurity, etc.
The global artificial intelligence (AI) market size was valued at USD 20.67 Billion in 2018 is projected to reach USD 202.57 Artificial intelligence is the result of a perfect blend of several technologies leading to the creation of intelligent hardware or software, capable of replicating human behaviors, namely learning and problem-solving. The version of artificial intelligence technology available at present allows machines to complete various human tasks, such as driving automobiles and reacting to their environment, providing virtual assistance, and even playing games. Forms of AI in use today include digital assistants, chatbots and machine learning, among others. AI will facilitate more seamless integration of supply chain data, enabling anticipatory production and efficient delivery of products to customers.