Artificial Intelligence Growth Opportunities

Advances in Generative, Multimodal, Conversational, and Edge AI Solutions to Offer New Monetization Avenues

Artificial intelligence (AI) uses algorithms and large data sets to find underlying relationships and drive improved business outcomes. While still a nascent technology, AI is experiencing increased implementation and adoption across industries to innovate business models, drive operational efficiencies, and create strategic differentiation. Globally, economic turmoil has accelerated the pace of digital transformation and AI adoption among organizations as they explore new means of enhancing efficiency, reducing costs, and driving customer value. In addition, the AI ecosystem is evolving rapidly, making it essential to understand the overarching trends affecting this technology and its adoption.

Key Features

Six Emerging AI Market Trends:

• Democratization of AI reduces enterprise workloads and helps jump-start machine learning projects.
• Multimodal AI plays an important role in unlocking data’s potential.
• Increased investment in generative AI is unleashing creative industry applications.
• Conversational AI is emerging as a highly deployed AI technology.
• Vendors are building edge-to-cloud integration platforms and service offerings to support data orchestration.
• Ethical AI principles are emerging as a core aspect of implementing AI technologies.