grand view research
Get ready for new way to self-checkout when you're out shopping
Kurt "CyberGuy" Knutsson talks about the best transmitter to use for your TV for Bluetooth earbuds or headphones. Have you ever wished self-checkout was easier than the glitchy scanning of barcodes? A new checkout process using old technology is rolling out to happy shoppers. RFID stands for "radio frequency identification," a technology that uses radio waves to identify and track objects. RFID tags are small electronic devices that can be attached to products, and RFID readers are devices that can scan the tags and communicate with them.
- Information Technology > Artificial Intelligence (0.99)
- Information Technology > Communications > Mobile (0.35)
Business Services Becoming More Reliant on Artificial Intelligence as AI Market Value Exceeds $130 Billion
Artificial Intelligence (AI) has become ubiquitous in the past several years. There is not a part of our businesses, cultures, governments and consumer markets. The continuous research and innovation directed by tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing, staffing and education. Technology has always been an essential element for these industries, but artificial intelligence has brought technology to the center of organizations. For instance, from self-driving vehicles to crucial life-saving medical gear, AI is being infused virtually into every apparatus and program.
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- Law (0.97)
Artificial Intelligence (AI) In Retail Market to Hit $40.74 Billion by 2030: Grand View Research, Inc.
The global AI in retail market size is anticipated to reach USD 40.74 billion by 2030, expanding at a CAGR of 23.9% from 2022 to 2030, according to a new study by Grand View Research, Inc. The rising prominence of advanced technologies, such as chatbots and voice recognition programs, has furthered the growth potential. Moreover, the emerging online retail sales, increasing focus of retailers on improving customers' shopping experience, rising reliance on digital marketing, and growing investments in AI, accompanied by supportive government regulations, are the crucial factors contributing to the progress of the industry worldwide. Read 145 page full market research report for more Insights, "AI In Retail Market Size, Share & Trends Analysis Report By Component, By Technology (Chatbots, Natural Language Processing), By Sales Channel, By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. AI algorithms play a pivotal role in assessing a considerable amount of data collated from consumers' online behavior.
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AI In Fintech Market to be Worth $41.16 Billion by 2030: Grand View Research, Inc.
The global artificial intelligence in fintech market size is expected to reach USD 41.16 billion by 2030, growing at a CAGR of 16.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. Artificial intelligence (AI) is widely used in financial organizations to improvise their precision levels, enhance their efficiency and instant query resolving through digital banking channels. AI technology like machine learning can help organizations raise their value by improving loan underwriting and eliminating financial risk. Organizations are also using it to build more robust fraud detection and prevention systems and help accelerate risk assessments and fraud detection. Get more Insights from 100-pages market research report, "Artificial Intelligence In Fintech Market Size, Share & Trends Analysis Report By Component (Solutions, Services), Deployment (Cloud, On-premise), By Application (Fraud Detection, Virtual Assistants), And Segment Forecasts, 2022 - 2030", published by Grand View Research. The AI in fintech market is expected to increase in the coming years due to advancement in technology that is boosting financial service providers' business processes.
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- Law Enforcement & Public Safety > Fraud (0.79)
- Information Technology > Security & Privacy (0.69)
- Banking & Finance > Financial Services (0.58)
- Information Technology > Services (0.49)
FutureTech II Acquisition Looks For AI Or Robotics Target (NASDAQ:FTII)
FutureTech II Acquisition Corp. (NASDAQ:FTII) has raised approximately $100 million from an IPO at a price of $10.00 per unit, according to the terms of its most recent S-1/A regulatory filing. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of'disruptive technologies, for example, artificial intelligence, robotics, and any other technology innovations.' My approach is to seek SPACs where the executives have significant industry operating experience as well as at least one SPAC with a track record of success. So, absent those two characteristics, I'm on Hold for FTII at the present time. FutureTech II has 2 executives leading its sponsor, FutureTech II Partners LLC. Chief Executive Officer Yuquan Wang, who was the founding partner of Haiyin Capital and has been a board member of robotics companies and other technology firms.
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AI and the Way Forward - Connected World
In the past few years, AI (artificial intelligence) has grown at a rapid pace for many organizations. Now many are considering what comes next as the speed of adoption of all these emerging technologies and the IoT (Internet of Things) continues to pick up. Grand View Research suggests the global artificial intelligence market size was valued at $62.35 billion in 2020 and is expected to expand to a growth rate of 40.2% through 2028. Deep learning led the market and North America dominated, accounting for more than 40% share of global revenue in 2020. In 2020, software solutions led the AI market and accounted for more than 38% of the global revenue, according to Grand View Research.
Global AI market predicted to reach nearly $1 trillion by 2028
The financial outlook for the global artificial intelligence market looks pretty good in 2021. But that's nothing compared to the expansion experts expect to see over the next seven years. According to a recently released analysis report from Grand View Research, the AI market is expected to reach nearly $100 billion in 2021 and nearly ten times that by 2028. The global AI market is expected to grow at a compound annual growth rate of 40.2% from 2021 to 2028 to reach USD 997.77 billion by 2028. This is based on numerous data points, but the most indicative might be the year-over-year growth we're seeing from 2020 (where the market was evaluated at approximately $60 billion) to this year's predicted evaluation of just shy of $100 billion.
Data Science in Manufacturing: An Overview
In the last couple of years, data science has seen an immense influx in various industrial applications across the board. Today, we can see data science applied in health care, customer service, governments, cybersecurity, mechanical, aerospace, and other industrial applications. Among these, manufacturing has gained more prominence to achieve a simple goal of Just-in-Time (JIT). In the last 100 years, manufacturing has gone through four major industrial revolutions. Currently, we are going through the fourth Industrial Revolution, where data from machines, environment, and products are being harvested to get closer to that simple goal of Just-in-Time; "Making the right products in right quantities at the right time."
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Cognitive Computing Market: Growing Abundantly
Siri, Cortana, Alexa, Watson, Bixby, Viv, M, Google Assistant and the list goes on and on……. Along with all the above personal assistants in the real world, one of the most famous personal assistants of 21st century is the one and only'Jarvis' from the movie'Iron man' & 'Avengers', big ticket projects from the Marvel Cinematic Universe. The sheer concept of a personal assistant facilitated by technology is groundbreaking and similar is the stature of breakthrough technology which has been leveraged to accomplish it, which goes by the name of, Cognitive Computing. Cognitive Computing was used for the very first time by IBM. It developed Watson, a unique response-capable computing system, which was built to compete against humans on the popular game show called, Jeopardy.
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Artificial Intelligence in Agriculture Market Size Worth $2.9 Billion by 2025 CAGR: 25.4%: Grand View Research, Inc.
The global artificial intelligence in agriculture market size is expected to reach USD 2.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 25.4% from 2019 to 2025. Artificial intelligence solutions in the agricultural industry are emerging in various forms, such as soil and crop monitoring, agricultural robots, and predictive analytics. Farmers and agribusiness corporations are increasingly using soil sampling and artificial intelligence -enabled sensors for data gathering for better analysis and processing. The availability of these processed data has paved the way for the deployment of artificial intelligence in agriculture and farming.
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- Information Technology > Data Science > Data Mining (0.95)
- Information Technology > Artificial Intelligence > Robots (0.57)