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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