Artificial Intelligence and the impacts on the market

2023-05-18

Artificial intelligence and the impact on the market

According to the most recent survey by the gartner, a world leader in business research and advice, worldwide revenue from the software industry Artificial Intelligence (AI) expected to total US$ 62.5 billion in 2022, which represents an increase of 21.3% over what had been projected for 2021. 


gartner predicts that the top five categories of software Artificial intelligence by 2022 will be: knowledge management, virtual assistants, autonomous vehicles, digital workplace and data from crowdsourcing


Before we get into what the impact on the market will be, let's start by explaining in more depth what it means Artificial Intelligence (AI).


How does the Artificial intelligence?


understand what it is Artificial Intelligence (AI) it is essential for companies that want to modernize.


AI it is one of the key technologies for optimizing industry 4.0 facilities, building intelligent solutions and shaping the society of the future.


A solution of AI involves a grouping of various technologies, such as algorithms, data processing software, artificial neural networks, learning systems, sensors, among others that can simulate human capabilities related to intelligence. For example, reasoning, memory, perception of the environment and the ability to analyze for decision making.

We can say that the concept of AI it is related to the ability of technological solutions to carry out activities in a way that is considered intelligent. AIs they can also “learn for themselves” thanks to learning systems that analyze large volumes of data, enabling them to learn patterns, and expand their knowledge.

In brief, learn about the main objectives of the Artificial intelligence:

1st Improvement in decision making:

AI can help simplify analysis processes, especially for a company that values data-driven decision making.

2nd Convenience and scalability:

Capable of employing algorithms to perform more accurate, faster, and replicable segmentations. It is possible to analyze high volumes of data in a short time. This increases the chances of developing good trading strategies.

3rd Increase in automation:

It contributes to the automation of logical, analytical and cognitive activities, generating greater speed in the processing of information.

4° Reduction of errors, risks and operating costs:

With automatic and real-time analysis, it is possible to consume data from sensors, cameras, records in monitoring software, among other sources to predict failures, generate alerts, indicators, and make automatic decisions. Regarding the systems, their information comes from databases, documents, reports, histories, etc.

5° Optimized service to the public:

It can optimize the service offered to the public in different aspects, such as delivering more efficient communication, increasing agility in transactions and increased personalization.

We have arrived at the most important point! As the artificial intelligence Can it impact the market?

The demand for technologies Artificial intelligence and the growth of the associated market are closely linked to the levels of organizational maturity in relation to its own Artificial intelligence. Organizations continue to show a strong interest in solutions in this segment, with 48% of CIOs responding in the CIOs and Technology Executives Survey from gartner 2022 that have already deployed or plan to deploy technologies for Artificial intelligence and machine learning over the next 12 months.


The research of gartner found that organizations often experiment with Artificial intelligence, but struggle to make these technologies part of their standard operations. O gartner predicts that it will take by 2025 for half of organizations worldwide to achieve what the enterprise maturity model Artificial intelligence of gartner describes how the “stabilization stage” of maturing the use of Artificial intelligence


The question on everyone's mind is how much AI will affect the job market. According to studies by World Economic Forum, indicate that the Artificial intelligence will create more jobs than it eliminates. It is predicted that 85 million jobs will be replaced, while this technology will create 97 million new job opportunities in the world market by 2025. 


Now that we know how the Artificial intelligence it is important, we would like to point out that for a technology like this to be successful, a team of specialists is needed and we at ST IT Cloud have this team, structure and more than 13 years of experience. That's why we recommend, get in touch and allow the technological advance in your business. 

bet on Artificial intelligence with ST IT Cloud!

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