Author name: Tom Clark

Demonstrated history of working in the Market Research industry. Involves in building and implementing strategies to achieve business goals

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Machine Learning Industry
Technology Articles

Advancements in Deep Learning Reinforce Machine Learning Industry Growth

The machine learning industry is poised for significant growth, driven by the escalating use of AI and IoT devices, as highlighted in the “Machine Learning Industry Data Book, 2023 – 2030” by Grand View Research. Forward-thinking companies are leveraging machine learning to enhance efficiency, agility, and reliability across various business verticals, with applications ranging from cybersecurity to personalized customer experiences. The COVID-19 pandemic further accelerated ML demand, particularly in healthcare and e-commerce, fostering early disease detection and improving treatment. Deep learning, with its ability to learn from past instances, is becoming integral, propelling advancements in data mining, image recognition, and applications like face recognition and self-driving cars. Natural Language Processing (NLP) is witnessing robust investment, transforming decision-making and customer experience, while the North American market is on an upward trajectory, especially in defense, BFSI, healthcare, and manufacturing. Machine learning is not just a trend but the future, revolutionizing industries and fostering the fourth industrial revolution. Stay informed on global trends, market dynamics, and strategic investments to navigate the transformative journey of machine learning.

Autonomous Mobile Robot Company Market Positioning
Technology Articles

Material Handling Robots Industry to Gain Ground from AGVs

The global material handling robots sector, valued at $7.34 billion in 2021, is expected to grow at a CAGR of 17.4% from 2022 to 2030, propelled by e-commerce expansion, urbanization, and warehouse staff shortages. Technological advancements, particularly AI, will drive efficiencies in manufacturing, logistics, warehousing, and retail, with a notable rise in collaborative robots (Cobots), autonomous mobile robots, and automated guided vehicles (AGVs). Healthcare and North America’s automotive sector are particularly lucrative areas. Despite this, component shortages and high energy costs pose potential challenges.

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