As we approach the end of the year, and look forward to all the goodness that 2020 will bring, one thing is becoming clear that emerging technologies like AI and machine learning will rule the roost.
Next year, and probably for the indefinite future.
And that is because the market for AI solutions will continue to grow at a fast clip.
Fast enough that a recent report released by research firm IDC in September forecasts the global spending for AI systems to reach $97.9 billion in 2023, up from the projected $37.5 billion that is expected to be spent this year.
This staggering increase translates to an annual growth rate somewhere in the range of 28.4% over the next several years.
What this means is that the year 2020 will be critical, when it comes to setting the tone for the next decade of innovations in the AI space. The technology will continue to pick momentum, and hit widespread adoption in many a different domain.
CRN has a neat list up that counts the 6 emerging trends to watch next year in the artificial intelligence and machine learning space.
We have things like explainable AI solutions that will become a bigger part of how organizations make their decisions. There is already a need for artificial intelligence applications to explain how they reached their decisions, and this is one area that will continue to grow.
Another is autonomous AI, where the technology is all set to become far broader in application. Whether it is collaborative swarms, autonomous shipping, or advanced agriculture, the world will move towards robots that can make their decisions themselves.
There are more such insights listed in the article, so be sure you take a look at it to see what the future might hold in this space.
If you thought 2019 was a marquee year, just wait till you see the first sunrise of 2020!