Increased Integration of Different Solutions to Provide Improved Performance 220.127.116.11 Rapid Industrial Growth in Emerging Economies 5.2.4 Challenges 18.104.22.168 Threats Related to Cybersecurity 22.214.171.124 Complexity in Implementation of Smart Manufacturing Technology Systems 126.96.36.199 Lack of Awareness About Benefits of Adopting Information and Enabling Technologies 188.8.131.52 Lack of Skilled Workforce 5.3 Industrial Wearable Devices Trends in Smart Manufacturing 5.3.1 By Device 184.108.40.206
According to the new market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025", published by MarketsandMarkets, the Artificial Intelligence Market is expected to be valued at USD 21.5 billion in 2018 and is likely to reach USD 190.6 billion by 2025, at a CAGR of 36.6% during the forecast period. Major drivers for the market are growing big data, the increasing adoption of cloud-based applications and services, and an increase in demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts. Critical challenges facing the AI market include concerns regarding data privacy and the unreliability of AI algorithms. Underlying opportunities in the artificial intelligence market include improving operational efficiency in the manufacturing industry and the adoption of AI to improve customer service.
Amazon, Microsoft and Google are the forerunners among tech giants to leverage artificial intelligence to tackle cybersecurity threats and keep hackers at bay, who often pose as a real user to gain crucial data. Speaking to an international news agency, the chief security officers from each of the company unanimously agreed that AI and ML plays a crucial role in protecting their company'' multi-million dollar infrastructure by crunching large pool of data on a daily basis. While acknowledging that it is impossible to stop every intruder, Stephen Schmidt, Amazon CISO, maintained that the new tech remains largely beneficial for companies like that of Amazon which has to ensure online safety of millions of people across the world. Speaking about the ability of AI and ML in identifying hacker he said, "We will see an improved ability to identify threats earlier in the attack cycle and thereby reduce the total amount of damage and more quickly restore systems to a desirable state." Speaking on the large set of data that needs to be processed for monitoring unauthorised activities, Mark Risher, product management director at Google said,"The amount of data we need to look at to make sure whether this is you or an impostor keeps growing at a rate that is too large for humans to write rules one by one."