See full analysis Learn more Artificial intelligence [New] Digital transformation - Shaping the future of European healthcare, Europe is expected to be short of 4.1 million healthcare workers by 2030. [New] This decade will see the world expect Alternative Data and AI to be harnessed for good, like Financial Inclusion. [New] Total spending on AI applications will go up to $14.1 billion, while total spending on AI services will rise to $14.5 billion in 2021. [New] A bank can anticipate possible savings of around 20 and 25% across IT operations (namely infrastructure, maintenance and development costs) from AI applications, with a forecasted aggregate cost savings of around $447 billion by 2023. [New] The coming year will be a big year for AI growth, and that many AI applications will take off, truly delivering insights, efficiencies, and cost savings for the digital marketplace. [New] Companies around the world are expected to spend $97.9 billion on artificial intelligence by the end of 2023, but many AI initiatives fail or do not turn a profit. The world will need a principled AI education for all, since AI will be the key technology of the next decades, if not of the XXI century. Global spending on AI will double in the next four years, reaching $110 billion in 2024, as companies see an opportunity to boost innovation, improve customer service and automate routine tasks so their employees can focus on more strategic work. Global spending on digital transformation technologies and services such as artificial intelligence and machine learning is forecast to grow an annual 10.4% to $1.3 trillion in 2020. 43 the percentage of executives worldwide that believe AI will transform their organization in the next three years [Deloitte]. A nearly 48% growth for AI tools in education over the next three years, and a recent McKinsey & Company report suggested that up to 40% of teacher tasks like grading and lesson planning could soon be outsourced to technology. Instead of spending time and money building machine learning systems, in 2021, organizations will take a big step forward in terms of using ML systems. Spending on AI technologies will grow to $97.9 billion in 2023 - more than two and a half times the spending level of 2019. A quarter of IT professionals have upped levels of investment in artificial intelligence in light of Covid-19, with 75% planning to commence new AI projects in the first two quarters of 2021. Of more than 600 decision makers globally, 2/3 of organizations expect their spending on analytics and AI technology to either increase or at a minimum to remain stable in 2021 as compared to their actual spending in 2020. Global spending on intelligent solutions in the fashion industry is expected to reach $7.3 billion by 2022 - indicating that fashion brands have recognised that AI can be a powerful ally when it comes to designing and selling apparel that fits customers' needs and requirements. Chatbots that use artificial intelligence to address customer needs are already in widespread use, and are expected to become even more common over the next few years. AI facilitator platforms will reach $8 billion by 2025 and that the maker platforms will reach $13 billion for a total of $21 billion. FO packaging is expected to gain wider adoption as 5G, AI, and autonomous driving take flight in the coming years - and revenue stemming from FO packaging is expected to reach $2 B - $2.5 B by 2025. Implementation of healthcare AI is expected to grow at an annual growth rate of 41.4% from 2020 to reach $51.3 billion by 2027, while edge cloud computing is expected to grow by 34.1% between now and 2025. Within the next three years, 65% of enterprise organizations that deployed RPA will introduce integrative capabilities like artificial intelligence, machine learning and natural language processing algorithms. In the coming year, IBM/Red Hat, Hewlett Packard Enterprise, and Microsoft will invest deeply in the strategic 5G / edge / AI platforms that they launched in 2020. Last updated: 10 January 2021 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No