Artificial Intelligence Market

Transparency Market Research

Artificial Intelligence Market - Global

Industry Analysis, Size, Share, Growth,

Trends and Forecast 2015 – 2023

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REPORT DESCRIPTION

Organizations are trying to have a competitive advantage through minimizing operational cost and reducing excess

wastage in production and improving efficiency of their equipment. Artificial intelligence helps to reduce operational

cost and gain competitive advantage through improving organization’s process and application by forecasting the

future demand. Artificial intelligence uses previous data to analyze and monitor the system in order to improve the

current operational process. In some industrial sectors, artificial intelligence uses a set of machine and software that

helps to perceive its environment and maximize the chance of success rate. Artificial intelligence basically consists

of computer and computer software which uses algorithms and statistical tools to solve complex problems. Artificial

neural networks are a set of statistical algorithms which use data from the system to analyze and learn pattern

recognition in the system. This helps artificial intelligence to provide machine learning function in manufacturing

machines and take action in similar cases. The market for machine learning is expected to grow in coming years due

to demand from manufacturing organizations to reduce cost of production. Artificial intelligence is expected to

control the production automation process in manufacturing sector in coming years.

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