Thematic Intelligence: Artificial Intelligence

Thematic Intelligence: Artificial Intelligence

Thematic Intelligence: Artificial Intelligence

Summary

For decades, artificial intelligence (AI) was the domain of university and corporate R&D labs. Recent progress in machine learning (ML) on the back of improved algorithms (e.g., Google’s AlphaGo, OpenAI’s GPT-3) and increasing computing power have enabled AI to solve real-life problems. GlobalData estimates the total AI market will be worth $1 trillion by 2030, up from $103 billion in 2023 at a compound annual growth rate of 39%. In the coming decade, the country that emerges on top in AI will lead the Fourth Industrial Revolution.

Key Highlights

• Despite the hype, artificial general intelligence (AGI), or the ability of machines to do anything that a human can and possess consciousness, is still decades away. However, ‘good enough’ AI is already here, capable of human interaction, motion, and decision-making. For example, OpenAI’s ChatGPT can write original prose and chat with human fluency, DeepMind's algorithms can beat the best human chess players, and Boston Dynamics' Atlas robots can somersault. If this evolution continues, it could upend the labor-based capitalist economic model.
• Generative AI is the most talked-about area of AI today. It could drive the next level of business process automation across many industries and cause creative destruction by dismantling old business models while creating new ones. Conversely, it also creates both sustainability and regulatory challenges.

Scope

• This report provides an overview of the artificial intelligence theme.
• It identifies the key trends impacting growth of the theme over the next 12 to 24 months.
• It includes a comprehensive industry analysis, including market size and growth forecasts for AI hardware, AI platforms, AI consulting and support services, and specialized AI applications.
• The detailed value chain breaks down artificial intelligence into five segments: hardware, data management, foundational AI, advanced AI capabilities, and delivery.

Reasons to Buy

• From self-driving vehicles to fraud detection, AI plays a role in virtually every industry, putting pressure on incumbents to adapt and innovate or face stagnation and possible elimination. This report is an invaluable guide to this highly disruptive theme, including analysis of key AI technologies and assessment of the leading providers.