Artificial Intelligence: The Future Of Digital
Artificial intelligence (AI) is one of the most transformational innovations of our time, on par with historic inventions such as electricity and the Internet. AI's potential and power come from its seemingly limitless applicability across industries and areas of life. Today, still in its early stages, AI is transforming everything from work to play, communication to healthcare, shopping to business growth.
Artificial intelligence, simply put, refers to using machine learning and deep learning to enable machines to think and learn that is similar to human thought processes. Now almost 70 years old, AI is moving from an experimental field to one with widespread and practical applications. This turning point makes now the time for investors to begin making AI a part of their portfolios.
Reasons for AI Investment Now
Now is the time for AI investment in part because of the extent to which AI is already becoming a fixed presence in modern society. Consider these current applications of AI technology:
- Virtual assistants
- Cloud-based healthcare tools
- Robotics
- Farming
- Smart sensors and appliances
- Virtual reality technologies
- Video games
- And more
Artificial intelligence is affecting almost every single industry, and new applications for the technology are being discovered on a continual basis.
AI Growth Potential
Growth in the field of AI is setting investors up for profitable opportunities, If they are able and willing to take advantage of them. Consider these facts about the expansion of artificial intelligence:
- The AI market is set to quadruple in the next 5 years.
- From 2015 to 2018, AI startups increased by 113%
- Since 2013, AI has received $66 billion in investments
- China plans to build an AI industry worth $150 billion in the next decade.
- All of the top 10 S&P 500 companies is embracing investment in AI technology.
The AI Inflection Point
Artificial intelligence is turning a corner into widespread adoption and application. Today, there is a race among companies in numerous AI-powered fields (e.g. Machine learning or neural networks). Identifying companies that are part of the race to develop AI technology applications can help investors make the most of this turning point and ride the wave of growth and advancement in artificial intelligence.
AI in Business
Artificial intelligence is now changing the digital presence of almost every major business across the globe. At the same time, AI adoption in businesses is still in its early stages as only 39% of executives feel that they have enough digital structures in place for their businesses. With the ability to transform almost every area of business, AI could make digital transformation more widespread and more complete than ever before.
Check out our investment ideas on artificial intelligence for more information.