Cutting-edge technologies like artificial intelligence are on the way to transforming many U.S. industries, and investors are taking note.
The buzz that has been built around artificial intelligence is near constant, as everything from AI-driven toothbrushes to voice assistants are available to the average consumer. On the corporate side of things, many high-profile companies such as Nvidia, Amazon, Microsoft, Salesforce, and even ConversionPoint Technologies are all deploying AI-enabled technologies.
There is little doubt that customers of tech companies, as well as the average consumer, will not slow down in their AI spending. Corporations and consumers alike are all seeking to increase productivity and expand beyond what humans alone can do by doing more with less, which is what ultimately motivates corporations to further invest in this emerging technology.
The two most mentioned forms of AI are machine learning and deep learning networks. The idea of both of these concepts is to make better predictions analyzing massive amounts of data that even the smartest humans are unable to process. For most corporations, the thought of saving time and money with the incorporation of artificial intelligence is very appealing, and with the current competition in the business world is becoming essential to take advantage of.
The AI Market
Market forecasts for artificial intelligence have been glowing, with analysts predicting that revenue will reach $59.8 billion worldwide by 2025, which is up from $2.42 billion in 2017.
As more venture capital flows to AI startups, and tech giants continue to acquire these emerging companies, we believe there will be unprecedented growth within the AI-backed technology space. And, to think we are only just beginning to tap into the potential of artificial intelligence.
Curious about ConversionPoint Technologies AI-enabled platform? Learn more about our proprietary technology that enables us to offer the best solutions for building highly profitable e-Commerce marketing, CRM, fulfillment and remarketing campaigns.