By Louella Fernandes – Artificial Intelligence (AI) is poised to drive the next wave of digital disruption as it moves from buzzword to reality. According to Tractica, by 2025 the global annual revenues for AI-based products and services will grow from $1.38 billion in 2016 to $59.75 billion by 20251. Meanwhile Accenture reports that funding for AI start-ups has been growing at a compound annual growth rate of nearly 60 percent since 20102.. The largest vertical markets for AI include fintech, healthcare, transportation and retail. Amazon, IBM, Microsoft, Google, SAP, Salesforce and GE are just some of the tech giants placing their bets on AI.
But what exactly is AI, and why should the print industry be paying attention?
The rise of artificial intelligence
While the pursuit of artificial intelligence has endured for the past 70 years, it is only recently that dramatic technological advances have truly accelerated the march of machines.