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Valuing the Artificial Intelligence Market, Graphs and Predictions

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posted on Apr, 2 2019 @ 04:05 PM
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Automation isn't coming for job so don't worry. Just sharing some info.

Article





The goal of this article is do provide a short consensus on well-researched projections of AI’s growth and market value in the coming decade, and to (as always) provide amble references for further exploration for those of you who aim to go deeper. We’ve aimed to stick to sources whose reputation rests on their objectivity, rather than on excited statements of companies whose incentive is to see the future their way (such as IBM’s CEO claiming a potential $2 trillion dollar market for “cognitive computing”).




ractica forecasts that the revenue generated from the direct and indirect application of AI software is estimated to grow from $643.7 million in 2016 to $36.8 billion by 2025. This represents a significant growth curve for the 9-year period with a compound annual growth rate (CAGR) of 56.8%.




Market Analysis (Top 3 highest number of use cases by percentage of resources spent):
Cyber intelligence (22%)
Healthcare (10%)
Manufacturing automation (8%)




While the gains vary from country to country, our results are indicative of AI’s ability to transcend regional and structural disparities, enabling huge, rapid leaps in labor productivity.






BofA Merrill reckons the market will blossom to $153bn over the next five years — $83bn for robots, and $70bn for artificial intelligence-based systems. That compares to roughly $58bn in 2014, according to a calculation by Beijia Ma, one of the report’s authors…




Demand is expected to be driven by an ageing global population and a rise in wages of workers in emerging markets. Wage growth among China’s factory workers, for example, has surged nine-fold since 2000.




4) By 2018, more than 3 million workers globally will be supervised by a “robo-boss.” Robo-bosses will increasingly make decisions that previously could only have been made by human managers…


This is the future. We will have a choice to make. Do we free up human time for creative and philosophical endeavor's or do we become slaves to the machine while a select group of elite pillage the earth's resources.
edit on 2-4-2019 by toysforadults because: (no reason given)




posted on Apr, 2 2019 @ 04:19 PM
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Link to original article?



posted on Apr, 2 2019 @ 04:39 PM
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a reply to: pteridine

fixed, in OP



posted on Apr, 2 2019 @ 05:48 PM
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originally posted by: toysforadults
Do we free up human time for creative and philosophical endeavors or do we become slaves to the machine while a select group of elite pillage the earth's resources.

I think that's a false dichotomy. Besides, it's too late. We're already slaves.



posted on Apr, 2 2019 @ 06:07 PM
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a reply to: toysforadults

My company just built an entire plant dedicated to literally ONE machine. The machine we got needs a human element to program code and parameters, but eventually the company is working on cutting out the middle man as well by going straight from the engineers / detail portion to an AI unit that will basically just send the info to the machine and away it goes.

It basically makes entry level jobs in the structural steel world redundant. Simple beam fittups and weldments will be performed by a machine.



posted on Apr, 2 2019 @ 06:10 PM
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a reply to: strongfp

Yup.

The current astrological transit of Uranus is going to speed this process up and some of these innovations are going to come out of nowhere and are not factored into this forecast.

It's going to hit us by storm and we aren't prepared.



posted on Apr, 3 2019 @ 11:51 PM
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Are there any specific investment opportunities, in hardware?



posted on Apr, 5 2019 @ 01:52 PM
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originally posted by: strongfp
It basically makes entry level jobs in the structural steel world redundant. Simple beam fittups and weldments will be performed by a machine.


That's how it always goes though, what used to be entry level is no longer entry level. As the body of knowledge on a subject improves, and the processes become more advanced, the demands on a workers knowledge increase. It's the same reason why a Bachelors Degree is no longer sufficient. Todays entry level position requires the same knowledge as a senior position 30 years ago.



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