Artificial Intelligence to be a .05 Billion Industry by 2020

PR Newswire has shared insight regarding artificial intelligence’s global market growth forecast for 2015-2020. By 2020, the market is expected to grow up to $5.05 billion from $419.7 million in 2014. Currently, the major sources of revenue for AI are advertising, finance, and retail, but in the coming years the use will expand to all kind of fields such as healthcare, military, and aerospace. New technological paradigms such as natural language processing, image recognition, and machine learning technology will propel AI’s growth to unimaginable heights. It has been noted that many digital assistants such as Watson, and other data extracting companies make use of machine learning to train AI’s neural networks make decisions on its own. Asia-Pacific region is predicted to be the fast-growing AI market due to its easy…


Link to Full Article: Artificial Intelligence to be a .05 Billion Industry by 2020