Artificial Intelligence—Potential to Disrupt and Transform Verticals

Diverse Applications of AI Will Drive Growth Opportunities Across Verticals

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Artificial intelligence (AI) has long been discussed, but rarely in terms of real-world applications. The past few years have seen a resurgence of the term with applications across industries. In reality, it has existed in many forms and through many approaches over the years. The constant advancement of hardware and breakthrough Machine Learning (ML) algorithms has unleashed a new wave of exponential progress that is set to affect every industry. Investors and innovators face many pitfalls and opportunities.First-mover advantages in AI are strong, and access to data determines the strength of offerings. However, there are business and research dynamics that make the commercialization of algorithms alone challe

Table of Contents

Executive SummaryKey FindingsIntroduction to Artificial IntelligenceArtificial Intelligence—Definition and Key ComponentsAI Subsets—The Most ImpactfulRelevance of Moore’s Law to AIBeyond Moore’s LawDrivers and RestraintsMarket DriversDrivers ExplainedMarket RestraintsRestraints ExplainedApplications of AI in EnterpriseAI Applications—SegmentationApplication 1—ReasoningApplication 2—KnowledgeApplication 3—PlanningApplication 4—CommunicationApplication 5—PerceptionArtificial Intelligence—Strategic AimsAI—Growth Catalysts and Current TrendsAI Endless Possibilities—Growth CatalystsEcosystem—Collaborative SetupEcosystem—Collaborative Setup (continued)Investments—Universal InterestInvestments—Universal Interest (continued)M&A—Corporate Interest Increases ActivityM&A—Corporate Interest Increases Activity (continued)R&D—Talent ShortageR&D—Talent Shortage (continued)Technology Infrastructure—Value Addition Technology Infrastructure—Value Addition (continued)Catalysts for AI FutureAI in Context—Use CasesAI Outcomes—Impact on Verticals and Functional AreasAI—Range of Solutions for Different Enterprise Applications AI in Financial Services—Insights to Enhance ServicesAI in Financial Services—Insights to Enhance Services (continued)AI in Retail—Understanding ConsumersAI in Retail—Understanding Consumers (continued)AI in Healthcare—Taking Care to New LevelsAI in Healthcare—Taking Care to New Levels (continued)AI in Industrial Applications—Wide Range of ImpactAI in Industrial Applications—Wide Range of Impact (continued)AI in Home Automation—Solution for Multi-device SettingsAI in Home Automation—Solution for Multi-device Settings (continued)AI in CRM—Seamless Customer EngagementAI in CRM—Seamless Customer Engagement (continued)AI in Cyber Security—Pre-empting Cyber AttacksAI in Cyber Security—Pre-empting Cyber Attacks (continued)AI—Growth Imminent, Despite ChallengesAI Provider InitiativesIBM AI Initiatives*Google AI Initiatives*Baidu AI Initiatives*Element AI Initiatives*Ford AI Initiatives*Microsoft AI Initiatives*Salesforce AI Initiatives*DarkTrace AI Initiatives*Growth Opportunities and Companies to ActionGrowth Opportunity 1—Chatbots Growth Opportunity 2—Visual Recognition Growth Opportunity 3—Virtual AssistantsGrowth Opportunity 4—Cyber SecurityStrategic Imperatives for AI CompaniesThe Last WordKey TakeawaysLegal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition—Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy

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