The Economist Intelligence Unit Limited, 2019. – 10 p.
“We are walking into a fundamentally new kind of world, one hyper-connected and radically changing all the time,” says John Seely Brown, the Deloitte Center for the Edge’s co-chairman (and self-titled chief of confusion). “The practices of the 20th century may not carry us through much of the 21st.”
Artificial intelligence (AI) is set to be transformational. Until recently a niche field, AI is sparking accelerated business investment. In March 2018 IDC, a market intelligence firm, projected global business spending on AI overall would reach US$19.1bn that year, a figure it
revised in September to US$24bn. It forecasts compound annual spending growth of 37% between 2017 and 2022.1