IDC is forecasting big growth for cognitive computing and AI in the next 5 years. This infographic shows the growth, industries, and use-cases for these technologies.
What used to be science fiction is now an accepted path for IT. Multiple IT analyst firms are predicting that artificial intelligence technologies will become important components in future IT organizations. Indeed, at the Gartner Symposium, AI was simply another accepted factor in almost every system that will be created in the next decade.
That predicted acceptance is also reflected in new market forecast from research firm IDC. IDC’s Worldwide Semiannual Cognitive/Artificial Intelligence Systems Spending Guide, which offers a full market forecast over the forecast period of 2016 to 2020, with expected compound annual growth of 55.1%
“Software developers and end user organizations have already begun the process of embedding and deploying cognitive/artificial intelligence into almost every kind of enterprise application or process,” said David Schubmehl, research director for cognitive systems and content analytics at IDC in a prepared statement.
“Recent announcements by several large technology vendors and the booming venture capital market for AI startups illustrate the need for organizations to be planning and undertaking strategies that incorporate these wide-ranging technologies,” he added.
But it’s not just about startups. Enterprises will play a big part, too, or risk being subsumed by digital disruptors, according to IDC.
“Identifying, understanding, and acting on the use cases, technologies and growth opportunities for cognitive/AI systems will be a differentiating factor for most enterprises and the digital disruption caused by these technologies will be significant.”
IDC says that enterprises across a broad range of industries will be able to enable cognitive systems and AI by applying algorithms and rules-based logic to data flows.