High street stores are facing stiff competition from the internet. Once-dominant retail chains are collapsing. Progressive retailers are turning to artificial intelligence to learn more about individual customers, improve their shopping experience and increase revenue growth. According to a report by Research and Markets, the global AI adoption in the retail market is expected to grow by over 35% a year. Retailers are increasingly employing it to study consumer behaviour and capture relevant data through technologies like computer vision.

Research and Markets has published a new report titled: "Digital Transformation Asia Pacific: 5G, Artificial Intelligence, Internet of Things, and Smart Cities in APAC 2019 – 2024." This report identifies market opportunities for deployment and operations of key technologies within the Asia-Pacific region. The report cites examples such as H3C Technologies plans to offer a comprehensive digital transformation platform within Thailand. The platform includes core cloud and edge computing, big data, interconnectivity, information security, IoT, AI, and 5G solutions. The report predicts what will happen with 5G technology, to identifying how 5G will digitally transform business in Asia Pacific. It represents the most comprehensive research available focused on the impact of 5G, AI, and IoT in Asia Pac.

Payers and providers will see artificial intelligence, care coordination, cybersecurity, data analytics, digital therapeutics and telehealth drive the digital health market in 2020. The study by Dublin-based Research and Markets, entitled, "Global Digital Health Outlook, 2020," says digital health "is a growing but complex market," with an expected compound annual growth rate of 12 percent through 2023. Payers should look to digital solutions to boost the quality and efficiency of healthcare, authors of the study say. In addition, digital health solutions are expected to offer "great promise" for new care delivery models and expanded access. For the study, analysts looked at the recurring themes visible across all global markets, including an aging population, a rising prevalence of chronic diseases, anticipated medical staff shortages, long wait times to get care, universal concerns about the quality of care, and the need for a common technical platform.

The "Artificial Intelligence Market in Insurtech: By Type; By Application - Forecast (2017 - 2022)" report has been added to Research and Markets' offering. Artificial Intelligence (AI) is described as the science of creating intelligent machines capable of performing real time tasks at a level of human expert emphasizing nearly every business operation across various business sectors. Traditional review methods in insurance sector posed several threats related to policy making, premium rates fixing and risk of grouping policy holders. The evolution of AI as an insurance technology is mitigating these risks and also supporting the insurers in decision making. The increased level of personalization and better outcomes to the customers offered by AI are the major driving factors for the rise of AI in insurance sector.

DUBLIN--(BUSINESS WIRE)--The "Automotive Artificial Intelligence - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering. The Global Automotive Artificial Intelligence Market accounted for $563.58 million in 2016 and is expected to reach $5,265.81 million by 2023 growing at a CAGR of 37.6% during the forecast period. The automotive industry has seen the promise of artificial intelligence (AI) technology, and is among the industries at the forefront of using AI to augment human actions and to mimic the actions of humans. The arrival of standards such as the adaptive cruise control (ACC), blind spot alert, and advanced driver assistance systems (ADAS) and rising demand for convenience and safety presents an opportunity for OEMs to build up novel and innovative artificial intelligence systems that would attract customers. Although 2016 was spoiled by some technological failures in self-driving cars, the year als-observed a couple of successful test runs in the US.

Founded by 26-year-olds V P Rahul and Rijin Ramesh, the platform offers customers virtual chat assistant to address business queries without delays. Growing up in the historic town of Kannur in Kerala, interactions with tourists were inevitable. While most would answer questions and go their way, V P Rahul and Rijin Ramesh took it as a classroom to hone their'customer query management skills'. The 26-year-olds are co-founders and creators of Articbot, a machine learning platform that helps organisations connect with customers in 100 different languages, and solve queries on products, and processes to procure services. The idea of building a machine learning platform to address queries was born out of the duo's personal experiences.

DUBLIN--(BUSINESS WIRE)--The "Global Artificial Intelligence in Healthcare Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering. The rising demand for real time monitoring system and increasing usage of big data in healthcare industry are responsible for the growth of the global Artificial Intelligence in healthcare market. The benefits of Artificial Intelligence in healthcare industry include fast and accurate diagnosis, reduced human errors, cost reduction and it has various applications in image recognition and interpretation, diagnostic assistance etc. However, ambiguous regulatory guidelines for medical software and reluctance among medical practitioners to adopt Artificial Intelligence based technologies are the factors that restrain the growth of the global Artificial Intelligence in healthcare market. Geographically, North America is expected to be the largest and fastest growing market for Artificial Intelligence in healthcare during the forecast period. The regulatory mandates for the use of electronic health records, increasing focus on precision medicine, strong presence of leading companies, large number of cross industry collaborations and growing investments in the field of Artificial Intelligence in healthcare are growing the market in the region.

DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence in Healthcare Market by Offering - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to Research and Markets' offering. The global AI market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.0% from 2017 to 2023. The market growth is driven by rise in adoption rate of AI systems and delete technological advancements in the AI field. In addition, the ability of these systems to improve patient outcomes, increase in adoption of precision medicine, and increase in need for coordination between healthcare workforce & patients are expected to fuel the market growth. However, lack of standard regulations and guidelines and reluctance among healthcare professionals to adopt AI-based technologies are expected to hinder the market growth. The deep learning segment accounted for the highest share in 2016 and is expected to dominate the market from 2017 to 2023, owing to increase in use of signal reduction, data mining, and image recognition.

The increasing usage of cloud-based solutions in the BFSI industry, rising demand for the data-driven solutions, increasing internet banking penetration, and scope of deriving market risk are fostering the market growth. The market is segmented into technologies, deployment types, verticals and regions. Globally, BFSI is the second most customer data-centric industry, where players have a bundle of new business opportunities from Cognitive Systems and Artificial Intelligence (AI). It is an evolving data driven technology that works on on-premises and cloud-based software. The system replaces the human thought process with a simulated digital model that includes a self-learning system, which derives patterns by using data mining, speech recognition, and language processing techniques. The cognitive systems require AI platform to derive the complicated business issues.

The UK's National Data Guardian (NDG) has criticised the National Health Service (NHS) for its partnership with Google's artificial intelligence company DeepMind. According to a letter published by Sky News yesterday, Google DeepMind has received personal health data from 1.6 million NHS patients on a legally inappropriate basis. An investigation is currently being carried out by the Information Commissioner's Office (ICO), with the ICO telling Sky News that it is "close to conclusion." The letter from Dame Fiona Caldicott of the NDG was sent to NHS Royal Free Trust medical director Stephen Powis on February 20th. DeepMind was given access to NHS records in 2015 to test a smartphone app called Streams on the legal basis that it was offering "direct care."