Sunday, July 24, 2016

What is Artificial Intelligence?

International Data Corp. predicts the worldwide market for cognitive software platforms and applications, which roughly defines the market for AI, to grow to $16.5 billion in 2019 from $1.6 billion in 2015 with a CAGR of 65.2%. The market includes offerings from both established tech giants and AI startups.

But many technology leaders don’t have clear ideas about the role of AI in their business, or how to maximize its value. “The number one issue for CIOs is how can I invest anything in artificial intelligence without having clear visibility into real business results,” Gartner Inc. fellow and research vice president Tom Austin said.

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