Intelligence

• [New] Digital transformation - Shaping the future of European healthcare, Europe is expected to be short of 4.1 million healthcare workers by 2030.
• [New] This decade will see the world expect Alternative Data and AI to be harnessed for good, like Financial Inclusion.
• [New] In early 2021, the Commission will propose new artificial intelligence legislation aimed at dealing with the technological, ethical, legal and socio-economic aspects of AI and ensuring Europe is at the forefront of developments.
• [New] A bank can anticipate possible savings of around 20 and 25% across IT operations (namely infrastructure, maintenance and development costs) from AI applications, with a forecasted aggregate cost savings of around $447 billion by 2023.
• [New] The coming year will be a big year for AI growth, and that many AI applications will take off, truly delivering insights, efficiencies, and cost savings for the digital marketplace.
• [New] The United States will add approximately 6 million jobs over the next ten years, and manufacturers, in their digital transformations, will focus on supporting employees in learning new skills more aligned with digital transformation.
• [New] 36 the percentage of executives worldwide that believe AI will transform their industry in the next three years [Deloitte].
• [New] AI will theoretically increase labor productivity in Germany and Austria by approximately 30% in the next 15 years.
• [New] The Best Tech Companies For Remote Jobs In 2021 According To Glassdoor, 2 Megatrends Dominate the Gartner Hype Cycle for Artificial Intelligence, 2020.
• [New] Companies around the world are expected to spend $97.9 billion on artificial intelligence by the end of 2023, but many AI initiatives fail or do not turn a profit.
• [New] Using AI for environmental applications could contribute up to 5.2 trillion US dollars to the global economy in 2030, a 4.4% increase relative to business as usual.
• Total spending on AI applications will go up to $14.1 billion, while total spending on AI services will rise to $14.5 billion in 2021.
• The world will need a principled AI education for all, since AI will be the key technology of the next decades, if not of the XXI century.
• Global spending on AI will double in the next four years, reaching $110 billion in 2024, as companies see an opportunity to boost innovation, improve customer service and automate routine tasks so their employees can focus on more strategic work.
• Global spending on digital transformation technologies and services such as artificial intelligence and machine learning is forecast to grow an annual 10.4% to $1.3 trillion in 2020.
• A nearly 48% growth for AI tools in education over the next three years, and a recent McKinsey & Company report suggested that up to 40% of teacher tasks like grading and lesson planning could soon be outsourced to technology.
• Instead of spending time and money building machine learning systems, in 2021, organizations will take a big step forward in terms of using ML systems.
• On quantum computing, the scale of the actual quantum computers has been rapidly evolving (e.g., IBM recently announced to debut quantum computer with 1,121 quantum bits (qubits) in 2023).
• A quarter of IT professionals have upped levels of investment in artificial intelligence in light of Covid-19, with 75% planning to commence new AI projects in the first two quarters of 2021.
• AFRL is running a separate project, dubbed R2-D2, to develop an autonomous drone using AI-driven systems that is expected to square off against a human pilot in a fighter jet by 2024.
• Global spending on intelligent solutions in the fashion industry is expected to reach $7.3 billion by 2022 - indicating that fashion brands have recognised that AI can be a powerful ally when it comes to designing and selling apparel that fits customers' needs and requirements.

Last updated: 12 January 2021