In the fast-paced IT industry, new statistics and data are released daily. Each week, Enterprise Mobility Exchange publishes Fast Facts, taking a look at interesting or noteworthy information impacting businesses. The Artificial Intelligence (AI) market is about to embark on unprecedented growth due to demand, but while the explosion will further the technology to new heights, it's facing one obstacle. In a new report by MarketsandMarkets, the AI market value stands at $21.46 billion in 2018, and is forecast to reach $190.61 billion by 2025, boasting a CAGR of 36.62%. There is one major restraint for the market, the forecast says, and that's the limited number of AI technology experts to power the innovation.

The Internet of Things, or IoT, is a fast-growing and seemingly all-encompassing field. At least 8.4 billion connected devices will be in use worldwide by the end of this year--and that number is expected to reach 20.4 billion by 2020, according to Gartner, which predicts total spending on IoT endpoints and services to reach $2 trillion this year. IoT is an umbrella term for various unrelated devices such as wearables and connected appliances. IoT marketing strategists can help their organizations cut through the noise with specialized skills in retail sensors, radio frequency technology, digital signage, smartphones, wearables, automobiles and virtually anything that transmits data. Those who want to enter the field ought to have a predilection for embracing a world where humans and machines seamlessly interact. For instance, says IBM vp of marketing analytics Ari Sheinkin, TVs and couch potatoes will soon be regularly chatting it up. "We really want to make the insights ubiquitous," he adds, "so it's not contained in a laptop or database."