According to Avendus Capital's report, artificial intelligence (AI)'s expected revenue is growing rapidly and is expected to reach about $3.06 billion by 2024.
According to this report, deep learning is expected to achieve the fastest growth in the field of artificial intelligence and will be the largest part of the total revenue of artificial intelligence companies.
According to the report, “Artificial Intelligence’s projected revenue is on a fast-growing track with a growth rate of 40% and is expected to reach $3,061 million in 2024.†In addition, human demand for robots has increased, leading to investment in artificial intelligence and M&A activity increased.
According to the report, the artificial intelligence industry has received more than $11.5 billion in investment over the past three years and is expected to have more than $6 billion in venture capital in 2017.
Puneet Shivam, head of joint services at Aventis Capital headquarters in Washington, DC, said: "The evolution of the times has made automated processes more important, and the demand for artificial intelligence has grown in the past few years. The reason for the exponential growth of investment."
Shivam further said: “Today, companies are allocating more budget to artificial intelligence, making it an intangible asset to increase the customer base and market share of local Indian companies. With the introduction of artificial intelligence updates and evolutionary versions This technology will continue to evolve in the future, thus shaping the dynamic environment of technology.
Currently, some of the most active VC funds in the field are Data CollecTIve, Khosla Ventures, Intel Capital, New Enterprise Associate, Google Ventures and Bloomberg Beta.
It is estimated that by 2020, the revenue share of medical and diagnostic services will account for 21% of total revenue, followed by search (20%), sales and marketing (18%), self-driving cars (8%), and law (7%). And network security (6%).
According to the report, the automated processes that robots bring will have an impact on the ecosystem of businesses and services in different markets around the world.
RPA uses computer software to process and automate routine, standardized tasks to help knowledge workers in the organization.
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