Artificial Intelligence Market Next Big 'Technological Shift,' Says Tractica Report

Growing interest in artificial intelligence systems will drive a $59.8 billion market globally by 2025, up from $1.4 billion last year, said a Tuesday Tractica report, a revision to a Q3 report updated to reflect a “greater-than-anticipated pace of change in the market." Applications cross the consumer, automotive, advertising, finance, healthcare and aerospace sectors, as companies look for ways to leverage advanced data analytics, vision, and language capabilities for improved business processes and new business models, said the research firm. Analyst Aditya Kaul called AI “the next big technological shift,” comparing it to the industrial revolution, the computer age and the "smartphone revolution."