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  • 17 July 2018 18:56

Is Artificial Intelligence Is Replacing Or Competing With Human Intelligence?

Global Artificial Intelligence Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Artificial intelligence (AI) or machine intelligence is a range of technologies so as to enable machines to sense, comprehend, and learn tasks requiring human intelligence. Artificial intelligence in healthcare is all set to unleash its potential ranging from financial, diagnosis to marketing. AI uses complex algorithms which mimic human intelligence capabilities such as reasoning, learning, pattern recognition and problem solving, and others to aid a v. Furthermore, AI is applicable in medication management, treatment plans, and drug discovery.

Features such as high computing power and accuracy to enhance productivity and improve customer satisfaction are factors expected to drive demand over the forecast period. Rising adoption of artificial intelligence technology in media and advertising to determine the influencing factors for consumer buying behavior is expected to boost demand during the forecast period.

The developments of more human-like robots and increase in their deployment rate in the developing regions have had a substantial effect on the overall artificial intelligence (AI) market. Improved productivity, diversified application areas, increased customer satisfaction, and big data integration drive the artificial intelligence market. However, lack of skilled workforce and threat to human dignity & other threats could restrain the market growth. Nevertheless, the impact of these factors is anticipated to be minimal due to the introduction of newer technologies.

Rapid improvements in fast information storage capacity, high computing power, and parallelization have contributed to the swift uptake of the robotics and artificial intelligence technology in end-use industries such as automotive and healthcare. Further, the need for understanding and analyzing visual contents, for gaining meaningful insights, is expected to provide traction to the industry over the forecast period.

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