The interest around the artificial intelligence applications has grown tremendously in recent times, so as to collect, according to CB Insight, more than $ 6 billion of venture capital funding in the past 5 years with 1098 with deals concluded. From 2011 to 2015 AI equity funding grew by 746% with $ 2.4 billion. The growth trend has continued in 2016, so much so that in the first quarter closed deals were 143, 36% more than in the previous quarter.
There are many sectors of industrial application of artificial intelligence, such as for example:
- Conversational AI / Bots
- Business Intelligence & Analytics
- AD, Sales, CRM
- Core AI
- Text Analysis / Generation
- IOT / IIOT
- Fintech & Insurance
- Other (agriculture, climatology, education, HR etc.).
Within a few years most of the companies can no longer easily ignore the integration of their business processes with AI technologies enabling the maintenance of its competitive potential in the market.
The sectors that have most invested in AI and cognitive systems in 2016 were banking and retail, followed by health care and manufacturing. Together, these industries we will generate more than half of the revenue in 2016, with the banking and retail that each generate $ 1.5 billion. In the four years 2016-2020 will be healthcare and manufacturing to grow at the highest rate, which will be annually respectively by 69.3% and 61.4%.
Most of the revenue, almost half of the total, will be realized by the software, which includes both the cognitive applications (for example, analysis of texts and multimedia, tagging, search, machine learning, categorization, clustering, hypothesis generation, answers to questions, vision, filtering, alerting and navigation) that the cognitive software platforms that facilitate the development of intelligent, consulting and cognitive enhanced solutions.
Developing digital strategies and platforms – both own (such as Contest Dream and Loyalty Venue) and for third parties – Enkronos is increasingly integrating artificial intelligence services and applications. Here are some areas of most interest for the development of artificial intelligence enhanced digital platforms to which we are working:
- machine learning
- deep learning
- predictive analysis
- natural language processing (NLP)
- classification, clustering
- information extraction
- speech recognition
- text to speech
- expert systems
- planning, scheduling, optimization
- image recognition
- machine vision
- face recognition
- gesture recognition
- emotion recognition
- pose estimation
In conclusion, although perhaps appears to many futuristic the prediction of Elon Musk that human beings will become a sort of cyborg to compete with artificial intelligence, it is rather clear to most that companies in every industry cannot afford to watch passively to the growth of this technology.
CEO – Enkronos d.o.o.