Widespread adoption of cognitive systems and artificial intelligence (AI) across a broad range of industries will drive worldwide revenues from nearly $8 billion in 2016 to more than $47 billion in 2020. According to IDC, the market for cognitive/AI solutions will experience a CAGR of 55.1% over the 2016-2020 forecast period.

“Software developers and end user organizations have already begun the process of embedding and deploying cognitive/artificial intelligence into almost every kind of enterprise application or process”.