Artificial Intelligence (AI) is quickly becoming a staple in modern life. From helpful tools like Apple’s Siri and Android Assistant being at the ready anytime we have a question on-the-go and Google Home and Amazon’s Alexa available at the drop of a phrase at home, to IBM’s uber-sophisticated Watson now being used to explore and accomplish a multitude of tasks across many industries. The question that begs to be answered is ‘What’s next?’.
This sort cognitive computing inches closer and closer toward human-caliber thinking on a daily basis and is already being utilized within core business applications, including predicting market and customer behavior, automating repetitive tasks and providing alerts when things go awry. AI is quickly becoming the underpinning for many of our most impressive technological advancements. While not always attributed or marketed as such, AI assists in the control of familiar bleeding-edge tech like self-driving cars, chatbots, drones and robotics, biometrics and even 3D printing.
The AI industry is currently projected at $36.8 billion by 2025, which is up from $643.7 million estimate for 2016, according to Tractica, a marketing intelligence firm.
When asked to comment on the growth of AI in the coming years, the firm had this to say, “these technologies have use cases and applications in almost every industry and promise to significantly change existing business models while simultaneously creating new ones.”
