[AI] is going to change the world more than anything in the history of mankind. More than electricity.”— AI oracle and venture capitalist Dr. Kai-Fu Lee, 2018
The global data and business analytics market was valued at 168.8 billion U.S. dollars in 2018 and is forecast to grow to 274.3 billion U.S. dollars by 2022, with a five-year compound annual growth rate (CAGR) of 13.2 percent. With such a huge rise in the data has and will create numerous machine learning opportunities all over the world.
The future of AI machine learning is exceptionally rising. At present, almost every common domain is powered by machine learning applications. To name a few such retails, healthcare, search engine, digital marketing, finance. and education are the major beneficiaries.
The machine learning market is expected to grow from USD 1.03 Billion in 2016 to USD 8.81 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 44.1% during the forecast period. Machine learning-driven solutions are being leveraged by organizations to improve customer experience, ROI, and to gain a competitive edge in business. Big players in the field like Google, IBM, Microsoft, Apple, and Salesforce are already leveraging ML benefits.