TECH SUPPLIER Sep 2018 - Market Analysis Perspective - Doc # US43583418
Market Analysis Perspective: Worldwide AI Software Platforms and Components, 2018
This IDC Market Analysis Perspective provides insight into the current state and outlook of the cognitive/artificial intelligence (AI) software platforms market. As an innovation accelerator market, analysis of cognitive/artificial intelligence software's current market share, growth, and trends is viewed through the lens of digital transformation occurring on 3rd Platform technologies.
"The AI software platforms market continues to grow at a rapid pace and involves billion-dollar software firms as well as a wealth of start-ups around the globe. Growth in this market continues to be driven by increases in AI software platforms including conversational AI platforms being used to develop applications ranging from chatbots and conversational interfaces to predictive and prescriptive applications that offer advice and recommendations," says David Schubmehl, research director, Cognitive/Artificial Intelligence Systems, at IDC. "Vendors looking to take advantage of AI, deep learning, and machine learning need to act now to gain the benefits derived from these technologies. IDC is already seeing that organizations that have deep, widespread use of these capabilities are leading the pack in terms of revenue, profit, and overall leadership in their respective industries and segments."