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Global Artificial Intelligence Market Report 2021: AI and ML will create a broad spectrum of new revenue opportunities for ICT vendors and service providers

by December 19, 2021

The Global Artificial Intelligence Growth Opportunities report has been added to ResearchAndMarkets.com’s offering. As artificial intelligence and machine learning will transform businesses, it will create a broad spectrum of new revenue opportunities for ICT vendors and service providers.

The opportunities cut across advisory services, applications, and infrastructure. As the megatrends shape the artificial intelligence landscape, it will have a ripple effect in terms of new revenue and growth opportunities for start-ups as well as large global Information and Communication Technology – ICT companies.

Artificial intelligence leverages algorithms and large datasets to identify underlying relationships and drive new or better business outcomes. While still at a nascent stage, artificial intelligence technologies are being adopted across industries globally to innovate business models, drive operational efficiencies, and create strategic differentiation.

The potential impacts of artificial intelligence on people, organisations, and society are widespread. Covid-19 pandemic further accelerated the pace of digital transformation and artificial intelligence adoption as organisations seek to explore new means of creating sustainable business models as well as drive customer value, effectively manage the employee lifecycle in a distributed environment, and optimise costs.

The artificial intelligence ecosystem is evolving rapidly making it essential to understand the overarching trends that are impacting artificial intelligence and its adoption.

Further, as we expect democratising of artificial intelligence and machine learning, there will be a move slowly away from applications that only can be developed by data scientists for platforms, making it easier to develop and deploy solutions.

Some of these trends include:

  • Augmenting artificial intelligence capabilities with enterprise applications
  • Advancements in cognitive capabilities to assess emotions and sentiments
  • Adoption of Edge artificial intelligence
  • Public cloud service providers playing a pivotal role in the artificial intelligence ecosystem
  • Focus on ethical artificial intelligence

Key Topics Covered:

1. Strategic Imperatives

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative
  • The Impact of the Top Three Strategic Imperatives on Artificial Intelligence
  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Environment

  • Growth Drivers for artificial intelligence
  • Growth Restraints for artificial intelligence
  • Artificial Intelligence and Machine Learning – Shift toward Democratisation
  • Maturing Ecosystem
  • Key Use Cases

3. Growth Opportunity Analysis

  • Key Trends in the artificial intelligence Industry
  • Augmenting artificial intelligence Capabilities with Enterprise Applications
  • Advancements in Cognitive Capabilities to Assess Emotions and Sentiments – Emotion artificial intelligence
  • Adoption of Edge artificial intelligence
  • Public Cloud Service Providers are Playing a Pivotal Role in the artificial intelligence ecosystem
  • Focus on Ethical artificial intelligence

4. Way Forward

5. Growth Opportunity Universe – Artificial Intelligence

  • Growth Opportunity 1: Consulting and Advisory Services for artificial intelligence roadmap
  • Growth Opportunity 2: Industry Vertical/Function-specific Applications to Enhance Customer Value
  • Growth Opportunity 3: Edge Data Centers for Supporting Select artificial intelligence use cases
  • Growth Opportunity 4: Integration Services to Build Customised Solutions for artificial intelligence by Leveraging Emerging Technologies
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