2021 State Of The Machine Learning Market: Enterprise Adoption Is Strong
59% of all large enterprises are deploying data science (DS) and machine learning (ML) today. Nearly 50% of all organizations have up to 25 or more ML models in use today. 29% of enterprises are refreshing their data science and machine learning models every day. The higher the data literacy an enterprise can achieve before […]
2021 Roundup Of AI And Machine Learning Market Forecasts Show Strong Growth
Forrester forecasts that the size of the AI software market will approach $37 billion by 2025. IDC predicts the worldwide artificial intelligence (AI) market, including software, hardware, and services, will grow from $327.5 B in 2021 to $554.3B in 2024 with a five-year compound annual growth rate (CAGR) of 17.5%. By 2024, 70% of enterprises […]
The Top 20 Machine Learning Startups To Watch In 2021
There are a record number of 9,977 machine learning startups and companies in Crunchbase today, an 8.2% increase over the 9,216 startups listed in 2020 and a 14.6% increase over the 8,705 listed in 2019. Artificial Intelligence (A.I.) and machine learning (ML)-related companies received a record $27.6 billion in funding in 2020, according to Crunchbase. […]
10 Ways Cybersecurity Can Protect COVID-19 Vaccine Supply Chains
The Pharma industry has lost $14 billion through Intellectual Property (IP) cyber theft worldwide much of it focused on vaccine development, according to the United Kingdom Office of Cyber Security and Information Assurance. 53% of pharmaceutical IP thefts and related breaches are carried out by someone with insider access also according to the United Kingdom […]
How FinancialForce Is Using AI To Fight Revenue Leakage
Bottom Line: Using AI to measure and predict revenue, costs, and margin across all Professional Services (PS) channels leads to greater accuracy in predicting payment risks, project overruns, and service forecasts, reducing revenue leakage in the process. Professional Services’ Revenue Challenges Are Complex Turning time into revenue and profits is one of the greatest challenges […]
76% Of Enterprises Prioritize AI & Machine Learning In 2021 IT Budgets
43% of enterprises say their AI and Machine Learning (ML) initiatives matter “more than we thought,” with one in four saying AI and ML should have been their top priority sooner. 50% of enterprises plan to spend more on AI and ML this year, with 20% saying they will be significantly increasing their budgets. 56% […]
Top 10 Tech Job Skills Predicted To Grow The Fastest In 2021
According to Burning Glass Technologies, the two tech job skills paying the highest salary premiums today and in 2021 are IT Automation ($24,969) and AI & Machine Learning ($14,175). The average salary premiums for the most in-demand tech skills range from $4,204 to nearly $25,000. Startups valued at $1 billion or more are 33% more […]
What’s New In Gartner’s Hype Cycle For AI, 2020
47% of artificial intelligence (AI) investments were unchanged since the start of the pandemic and 30% of organizations plan to increase their AI investments, according to a recent Gartner poll. 30% of CEOs own AI initiatives in their organizations and regularly redefine resources, reporting structures and systems to ensure success. AI projects continue to accelerate this year […]
How An AI Platform Is Matching Employees And Opportunities
Bottom Line: Eightfold.ai’s innovative approach of combining their own AI and virtual hackathons to create and launch new additions to their Project Marketplace rapidly is a model enterprises need to consider emulating. Eightfold.ai was founded with the mission that there is a right career for everyone in the world. Since its founding in 2016, Eightfold.ai’s […]
Where AIOps Is Delivering Results Today
Bottom Line: Capitalizing on AI and machine learning’s inherent strengths to create contextual intelligence in real-time, LogicMonitor’s early warning and failure prevention systems reflect where AIOps is delivering results today. LogicMonitor’s track record of making solid contributions to their customers’ ability to bring greater accuracy, insight, and precision into monitoring all IT assets is emerging […]
