The market for artificial intelligence (AI) technologies is flourishing. Beyond the hype and the heightened media attention, the numerous startups and the internet giants racing to acquire them, there is a significant increase in investment and adoption by enterprises. A Narrative Science survey found last year that 38% of enterprises are already using AI, growing to 62% by 2018. Forrester Research predicted a greater than 300% increase in investment in artificial intelligence in 2017 compared with 2016. IDC estimated that the AI market will grow from $8 billion in 2016 to more than $47 billion in 2020.
Based on Forrester’s analysis, here’s my list of the 10 hottest AI technologies:
- Natural Language Generation
- Speech Recognition
- Virtual Agents
- Machine Learning Platforms
- AI-optimized Hardware
- Decision Management
- Deep Learning Platforms
- Biometrics
- Robotic Process Automation
- Text Analytics and NLP
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There are certainly many business benefits gained from AI technologies today, but according to a survey Forrester conducted last year, there are also obstacles to AI adoption as expressed by companies with no plans of investing in AI:
Obstacles to AI Adoption (%)
1. There is no defined business case: 42%
2. Not clear what AI can be used for: 39%
3. Don’t have the required skills: 33%
4. Need first to invest in modernizing data management platform: 29%
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Artificial intelligence, immersive experiences, digital twins, event-thinking and continuous adaptive security create a foundation for the next generation of digital business models and ecosystems.The Gartner Top 10 Strategic Technology Trends 2018 presented by David Cearley, vice president and Gartner Fellow, at Gartner 2017 Symposium/ITxpo in Orlando, Florida.