Artificial intelligence has already begun to revolutionize industries across the world, helping businesses to improve their efficiency, quality, and speed. By using automation, deep learning, and natural language processing, AI helps streamline business operations, decision making, and help predict trends.
Over the years, many of the biggest names in the tech industry have invested heavily in AI acquisitions and AI-related research and development. Companies such as IBM, Microsoft, Google, and Samsung have each submitted thousands of AI patent applications, while AI-related startups are rake in billions of dollars in investment each year.
In 2018, the value of the global artificial intelligence software industry hit $10.1bn, revealed Tradica Artificial Intelligence Market Forecast. Over the last two years, the market value doubled to $22.6bn. However, the next few years are expected to witness remarkable growth of the entire AI software industry, with market value lifting more than fivefold by 2025.