IDC predicts that this year's artificial intelligence sector will reach $12.5 billion in revenue

[Netease Smart News, August 26] Gartner Consulting has ranked artificial intelligence (AI) at the top of its list of the top 10 strategic technology trends for 2017. We've reached a critical juncture where AI is being applied in nearly every industry, service, and application imaginable. As technology becomes increasingly sophisticated, more and more businesses are feeling pressured to keep up with the trend. Suppliers are emerging in droves, capitalizing on people's fears of being left behind. According to IDC, global revenue from cognitive and AI systems is expected to reach $12.5 billion in 2017, representing a 59.3% increase from 2016. The research firm further predicts that as more companies join the AI race, the compound annual growth rate (CAGR) will reach 54.4% by 2020, with revenue surpassing $46 billion by then. To be honest, this growth trajectory is quite astonishing. Cognitive computing, AI, and deep learning are transforming how consumers and businesses operate, learn, and interact in unprecedented ways. Perhaps most significantly, these systems are rapidly becoming key differentiators, helping businesses stay competitive or risk falling far behind. This is a pivotal moment where investing in AI could make all the difference. Otherwise, you may regret not taking action in the next five years. Therefore, you need to integrate AI as a core component of your IT infrastructure. The end result will be clarity, efficiency, and innovation replacing outdated processes. Cognitive and AI software platforms offer technologies and tools that can analyze, organize, and access both structured and unstructured data. They also provide consulting services tailored to specific business needs. But what does this mean for you? How can it benefit your company? Can you replace all employees with chatbots? While this technology is becoming increasingly widespread, it remains in its infancy. Investing in AI carries both opportunities and risks. Don't go it alone! Join us at this "VB LIVE" event to delve deeper into the myths and realities of AI. Find out what you need, where to begin, and what the future holds for AI. Don't miss out! Stay tuned to the Netease Smart public account (smartman163) for the latest reports on the AI industry. [Note: This article was compiled by NetEase's intelligent compiler platform and translated by VentureBeat.]

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