Global Artificial Intelligence Growth Opportunities
As the Mega Trends shape the AI landscape, it will have a ripple effect on new revenue and growth opportunities for start-ups and global information and communication technology (ICT) companies. This research service identifies growth opportunities related to providing integration services to build customized solutions for AI, edge data centers, and offering industry vertical/function-specific applications and others.
Artificial intelligence (AI) leverages algorithms and large data sets to find underlying relationships and drive new or better business outcomes. While still nascent, AI technologies are being adopted across industries globally to innovate business models, drive operational efficiencies, and create strategic differentiation. The COVID-19 pandemic further accelerated the pace of digital transformation and AI adoption as organizations seek to explore new means of creating sustainable business models and driving customer value. In addition, the AI ecosystem is evolving rapidly, making it essential to understand the overarching trends affecting AI and its adoption. A few trends are:
AIaaS model is emerging as a key growth-driving strategy for AI vendors in the market.
The focus on multimodal AI is increasing to unlock data potential.
AI-enabled point solutions and use-case-based solutions are gaining mainstream adoption.
AI will require the capability to operate in cloud and edge environments.
The focus on ethical AI as a core implementation aspect is increasing.
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