Information Technology

Artificial Intelligence Growth Opportunities Updated Research Available

Advances in Generative, Multimodal, Conversational, and Edge AI Solutions to Offer New Monetization Avenues


RELEASE DATE
31-May-2023
REGION
Global
DELIVERABLE TYPE
Market Research

RESEARCH CODE
PEAA-01-00-00-00
SKU
IT04717-GL-MT_27724
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Artificial Intelligence Growth Opportunities
Published on: 31-May-2023 | SKU: IT04717-GL-MT_27724

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Artificial intelligence (AI) uses algorithms and large data sets to find underlying relationships and drive improved business outcomes. While still a nascent technology, AI is experiencing increased implementation and adoption across industries to innovate business models, drive operational efficiencies, and create strategic differentiation. Globally, economic turmoil has accelerated the pace of digital transformation and AI adoption among organizations as they explore new means of enhancing efficiency, reducing costs, and driving customer value. In addition, the AI ecosystem is evolving rapidly, making it essential to understand the overarching trends affecting this technology and its adoption.

Key Features

Six Emerging AI Market Trends 

  • Democratization of AI reduces enterprise workloads and helps jump-start machine learning projects.
  • Multimodal AI plays an important role in unlocking data’s potential.
  • Increased investment in generative AI is unleashing creative industry applications.
  • Conversational AI is emerging as a highly deployed AI technology.
  • Vendors are building edge-to-cloud integration platforms and service offerings to support data orchestration.
  • Ethical AI principles are emerging as a core aspect of implementing AI technologies.

Author: Hemangi Patel

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Artificial Intelligence (AI) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

AI—Definitions

AI—A Technology Priority for Global Enterprises

Enterprises are Advancing on their AI Adoption Journeys

Growth Drivers

Growth Restraints

AI Landscape

Emerging AI Market Mega Trends

Democratization of AI Reduces Enterprise Workloads and Helps Jump-start ML Projects

Democratization of AI Reduces Enterprise Workloads and Helps Jump-start ML Projects (continued)

Democratization of AI Reduces Enterprise Workloads and Helps Jump-start ML Projects (continued)

Democratization of AI Reduces Enterprise Workloads and Helps Jump-start ML Projects (continued)

Democratization of AI Reduces Enterprise Workloads and Helps Jump-start ML Projects (continued)

Democratization of AI Reduces Enterprise Workloads and Helps Jump-start ML Projects (continued)

Democratization of AI Reduces Enterprise Workloads and Helps Jump-start ML Projects (continued)

Multimodal AI Plays an Important Role in Unlocking Data’s Potential

Multimodal AI Plays an Important Role in Unlocking Data’s Potential (continued)

Multimodal AI Plays an Important Role in Unlocking Data’s Potential (continued)

Multimodal AI Plays an Important Role in Unlocking Data’s Potential (continued)

Increased Investment in Generative AI is Unleashing Creative Industry Applications

Increased Investment in Generative AI is Unleashing Creative Industry Applications (continued)

Increased Investment in Generative AI is Unleashing Creative Industry Applications (continued)

Increased Investment in Generative AI is Unleashing Creative Industry Applications (continued)

Increased Investment in Generative AI is Unleashing Creative Industry Applications (continued)

Conversational AI is Emerging as a Highly Deployed AI Technology

Conversational AI is Emerging as a Highly Deployed AI Technology (continued)

Conversational AI is Emerging as a Highly Deployed AI Technology (continued)

Vendors are Building Edge-to-cloud Integration Platforms and Service Offerings to Support Data Orchestration

Vendors are Building Edge-to-cloud Integration Platforms and Service Offerings to Support Data Orchestration (continued)

Vendors are Building Edge-to-cloud Integration Platforms and Service Offerings to Support Data Orchestration (continued)

Vendors are Building Edge-to-cloud Integration Platforms and Service Offerings to Support Data Orchestration (continued)

Vendors are Building Edge-to-cloud Integration Platforms and Service Offerings to Support Data Orchestration (continued)

Ethical AI Principles are Emerging as a Core Aspect of Implementing AI Technologies

Ethical AI Principles are Emerging as a Core Aspect of Implementing AI Technologies (continued)

Ethical AI Principles are Emerging as a Core Aspect of Implementing AI Technologies (continued)

Ethical AI Principles are Emerging as a Core Aspect of Implementing AI Technologies (continued)

Ethical AI Principles are Emerging as a Core Aspect of Implementing AI Technologies (continued)

Ethical AI Principles are Emerging as a Core Aspect of Implementing AI Technologies (continued)

Ethical AI Principles are Emerging as a Core Aspect of Implementing AI Technologies (continued)

Key Growth Opportunities

Growth Opportunity 1: Industry Vertical Solutions

Growth Opportunity 1: Industry Vertical Solutions (continued)

Growth Opportunity 2: AI Advisory and Implementation Services

Growth Opportunity 2: AI Advisory and Implementation Services (continued)

Growth Opportunity 3: Conversational Chatbot Solutions

Growth Opportunity 3: Conversational Chatbot Solutions (continued)

Growth Opportunity 4: Edge AI

Growth Opportunity 4: Edge AI (continued)

List of Exhibits

Legal Disclaimer

List of Figures
  • Present State of AI Deployment, Global, 2022
  • AI Market: Growth Drivers, Global, 2023–2029
  • AI Market: Growth Restraints, Global, 2023–2029
  • Data Readiness, Global, 2022
  • Percentage of Structured, Semi, and Unstructured Data in Organizations, Global, 2022, 2023, and 2025
  • Main AI Deployment Models, Global, 2022
  • Challenges in AI Implementation, Global, 2022

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