Thursday, 21 October 2021

Covid-19 “a trigger for AI investments”, says study

by Harry Baldock, Total Telecom
Friday 26 March 21

European spending on AI will reach $12 billion in 2021, according to analyst firm IDC.

With the coronavirus pandemic driving rapid digitalisation throughout the economy, the case for AI incorporation across numerous industries has increased steadily over the past year. Now, a new report by IDC says that spending on AI could increase to $12 billion this year, with double digit growth predicted to continue until 2024. The IDC’s Worldwide Semiannual Artificial Intelligence Spending Guide focussed on the expected technology opportunity in the AI market in nine regions…

With the coronavirus pandemic driving rapid digitalisation throughout the economy, the case for AI incorporation across numerous industries has increased steadily over the past year. Now, a new report by IDC says that spending on AI could increase to $12 billion this year, with double digit growth predicted to continue until 2024. The IDC’s Worldwide Semiannual Artificial Intelligence Spending Guide focussed on the expected technology opportunity in the AI market in nine regions…

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