Artificial Intelligence (AI) has increasingly been spoken about the last few years as the next major frontier. The good part is that now the early adopters of AI have started experiencing some gains. Digital native tech companies such as Amazon, Google and Baidu have already invested a lot of money in to their internal researches. In addition, AI is making work easier for retailers, public utilities and carmakers. The use of AI among non-tech companies is still relatively low and can be improved. The one biggest impact so far has been the enormous data warehousing capabilities now at play. Enormous gigabytes of data are being created worldwide. Telecom and financial services are two of the other top AI using industries as per a study by McKinsey. The USA is on top of the pile among countries absorbing AI investment with about two-thirds of the total. This is followed by China, with South Kore and the UK coming next.

Source:https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/how-artificial-intelligence-can-deliver-real-value-to-companies?cid=other-eml-ttn-mgi-mgi-oth-1712

Uploaded Date:19 January 2018