(ZY.1.01) Computer Science

[New] Skyrocketing popularity of streaming services along with 5G connectivity and artificial intelligence (AI) - enabled devices will drive revenue growth for the US consumer tech industry to a record $422 billion in retail revenues in 2020 - nearly 4% growth over last year.
[New] In 2020, Data Science roles will expand to include machine learning and big data technology skills - especially given the rapid adoption of cloud and IoT technologies across global businesses.
[New] By 2025, 75% of organizations will be investing in employee retraining in order to fill skill gaps caused by the need to adopt AI.
With AI-powered robots being particularly suited to the retail industry, Gartner's research predicts that 77% of retailers plan to deploy AI as early as 2021.
By 2023, the number of people with disabilities employed will triple due to AI and emerging technologies, reducing barriers to access.
AI and analytics could add as much as €11.78 trillion to total global output by 2030, increasing the yearly rate of global GDP growth by more than one percentage point.
Around 200,000 banking jobs in the U.S. will be lost over the next decade due to the introduction of new technologies including AI.
The global AI in energy management market share was valued at $4,439.1 million in 2018, which is projected to reach $12,200.9 million by 2024, growing at a CAGR of 19.8% during the forecast period (2019-2024).
The military artificial intelligence (AI) and cybernetics market witnessed a revenue of $4.77 billion in 2018: The market is projected to reach $13.11 billion 2024 and is anticipated to grow at a CAGR of 18.66% during the forecast period.
Spending on AI systems will increase by more than two and a half times between 2019 and 2023, from $37.5 billion to $97.9 billion, for a compound annual growth rate of 28.4%.
The global artificial intelligence (AI) market is projected to grow at a compound annual growth rate of 57% between 2017 and 2025 into a $36 billion market.
When combined with key clinical health AI applications, AI has the potential to create $150 billion in annual savings for the U.S. healthcare economy by 2026.
The insurance, transportation, and retail industries will either not exist in 20 years or will have changed completely due to artificial intelligence (AI), innovation, and other factors.
The global market for memory and processing semiconductors used in artificial intelligence (AI) applications will soar to $128.9 billion in 2025, three times the $42.8 billion total in 2019.
Although the AI market is projected to grow to around $14.7 billion by 2024, the number of AI-related jobs is predicted to show steady growth starting in 2020.
Advances in data storage, data processing, and computing and algorithms have enabled new opportunities that did not exist just a few years ago.
Earlier this year, a McKinsey study revealed that by leaning on big data, as well as artificial intelligence and machine learning tools to process it, could lead to a potential $100 billion in annual savings for medicine and pharma.
Spending on AI systems could reach $97.9 billion in 2023 - that's 2.5 times the estimated $37.5 billion spent in 2019.
Asia Pacific region is contributing towards the growth of global Machine Learning as a Service Market and anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
Machine Learning as a Service Market valued approximately USD 0.87 billion in 2017 is anticipated to grow with a healthy growth rate of more than 43.9% over the forecast period 2018-2025.
In Germany, AI will enable significant automation, yielding up to 4 percent additional GDP in 2030.

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Last updated: 18 February 2020