AI Tech Spending Forcast: Exploding 60% yr/yr through 2020 – IDC

“The market for cognitive/AI solutions will experience a compound annual growth rate of 55.1% over the 2016-2020 forecast period.”

http://www.idc.com/getdoc.jsp?containerId=prUS41878616

“Near-term opportunities for cognitive systems are in industries such as banking, securities, investments, and manufacturing,” Jessica Goepfert, program director, Customer Insights and Analysis at IDC.

“In these segments, we find a wealth of unstructured data, a desire to harness insights from this information, and an openness to innovative technologies.”

The press release from IDC.com is very informative.

The early adopter characterization concerning “openness to innovative technologies” – seems to be the challenging bit. For the most part the opinions we hear most are skeptical to downright delusional denial.

It’s time to get on the AI bus; A revolution fast approaching.