The artificial intelligence (AI) market is estimated to grow from $0.42bn in 2014 to $5bn by 2020, at a CAGR of 54%. In another report, BofA Merrill reckons the market will blossom to $153bn over the next five years – $70bn for artificial intelligence-based systems, and $83bn for robots. That compares to roughly $58bn in 2014. This growth can be attributed to the factors such as diversified application areas, improved productivity, and increased customer satisfaction.
With recent advances, AI is gaining confidence to drive business growth. In this blog, I have taken a close look at inventory of AI Techniques / Technologies and applicable use cases. The following chart provide “Artificial Intelligence – Techniques & Use Cases” snapshot.