Technical skills that are in the greatest demand today are expertizing in Analytics and Artificial Intelligence revealed new research from Infosys. Using artificial intelligence (AI) and machine learning to improve demand forecasting is one of the most promising applications of AI for business strategy. Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. AI is a new scientific infrastructure for research and learning that professionals will need to embrace and lead, failing which, they will become irrelevant and eventually redundant.
The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare. The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. The global Artificial Intelligence Market is expected to reach USD 35 billion by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2019 to 2025.