Hello, welcome to VidyaCast!
Today we’re going to be talking about Artificial Intelligence!
When we refer to Artificial Intelligence, we are not talking about an isolated technology, but rather, a set of technologies that enabled applications in the most varied functions within an industrial process.
Neural Networks, Deep Learning, Machine Learning, and Big Data are just some of the many computational techniques that exist, and that play a fundamental role within the contemporary industrial process.
Through Artificial Intelligence the industry has the possibility to take advantage of descriptive and predictive computational methods, allowing many possibilities, for example, in the optimization of performance, control, and monitoring of operations, increase in product quality, and greater profitability.
The market has adopted several ways to adapt the implementation of AI in its processes. Year after year, technology has been developing further and reaching new heights with new features and application possibilities.
In a study carried out by Globe Newswire, it is estimated that the global predictive analytics market was valued at approximately $ 3.49 billion in 2016 and is expected to reach approximately $ 10.95 billion by 2022, growing at a CAGR ( Compound Annual growth rate) of about 21% between 2016 and 2022.
In other words, the artificial intelligence market has been growing steadily and it is noted that companies have an understanding of the competitive advantages resulting from the implementation of these technologies in their processes.