Worldwide spending on artificial intelligence systems will grow to nearly $35.8 billion in 2019, according to new IDC spending guide

Abstract

Worldwide spending on artificial intelligence (AI) systems is forecast to reach $35.8 billion in 2019, an increase of 44.0% over the amount spent in 2018. The article predicts that spending on AI systems will more than double to $79.2 billion in 2022 with a compound annual growth rate of 38.0%. The growth is being driven by industries investing aggressively in projects that utilize AI software capabilities. Some of the key use cases driving the investment include automated customer service agents, expert shopping advisors, fraud analysis, and intelligent process automation. While AI adoption and spending are picking up fast, organizations still face challenges in staffing and data. – AI-generated abstract.