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