It’s impossible to avoid it. The Artificial Intelligence (AI) boom is here.
We’re seeing myriad articles about AI regulation and the potential AI holds for industries in the news on a daily basis. In the corporate world, business leaders are considering if AI tools might be beneficial for their organization. Employees, meanwhile, are already downloading apps to help them with their day-to-day, and in-house developers are on the hunt for data libraries to build around.
It’s no wonder AI is top of mind for companies, withbusiness software makers competing and rushing to bringAI-based features and tools to market. A recent forecast from International Data Corporation (IDC) predicted global spending on artificial intelligence will reach US$154 billion in 2023 — an increase of 27 per cent over the amount spent last year.