Whether or not a company is actively involved in developing AI, it’s clear that it’s a powerful force affecting all industries. IDC claims AI was an $ 8 billion industry in 2016 and will grow to $ 47 billion in 2020.
However, five years ago there were no cognitive engines as we define them today. Today there are over 5,000 cognitive engines and in the next five years, it is expected there will be well over a million engines.This is a true testament to the fact that the industry is constantly growing and poised to expand even more beyond 2018. Institutions and organizations recognize the necessity of analyzing unstructured data at scale in near real-time.