Technology Focus
There’s nothing artificial about AI
With the increasing advent of AI, what are the implications for the printwear and promotion market? AI Industry Analytics marketing intelligence company provides a snapshot on the juggernaut that is AI…
A
comprehensive assessment of the Global AI Economy, prompted by explosive
developments in the AI industry in recent months, projecting the global AI economy to surpass USD 34 trillion by 2027, up from USD 20 trillion in 2023. As the AI market continues to witness unprecedented growth and diversifi cation, tracking its size and its sectoral and geographical distribution has become a challenge of multiplying complexity, one for which AI Industry Analytics is uniquely equipped to face. Leveraging AiiA’s advanced analytics capabilities, the report provides an unparalleled understanding of the rapidly evolving AI landscape, delivering quantitative, tangible insights to industry stakeholders and decision-makers. AiiA conducted the most comprehensive and realistic assessment, which includes publicly-traded corporations, private companies, investors, hubs and
| 42 | October 2023
government-funded projects, as outlined in its detailed report and associated Data Analytics Platform. This approach allows for a more pragmatic assessment of the true impact of AI on the global economy, and a more data-driven understanding of the actual size of the global AI industry. To develop these estimates, AiiA utilized AI algorithms to map the entire global AI market, profi ling 50,000 companies, 20,000 investors, 2,000 AI leaders, 2,500 R&D hubs, and 300 government organizations by adapting, retuning and building upon techniques and analytical frameworks previously developed by Deep Knowledge Group for its assessments of AI’s impact in multiple industrial and regional domains. Having developed the methodological foundations for these analyses over the past decade, and having further refi ned their application to specifi c AI industrial domains over the past fi ve years, the Group found itself uniquely
equipped in 2023 to turn its attention to dedicated AI Industry analytics. The substantial efforts required to repurpose those past activities and developed resources towards the new challenge of creating a tangible, data-driven Global AI Economy size assessment required them to map not just primary AI markets but also recent AI developments in several major industries including Finance, BioTech, HealthTech, and AI Technology Infrastructure. In addition to assessing the Global AI Economy Size, AiiA’s report gives a deeper breakdown of the AI market in 10 global regions and countries: US, EU, UK, China, EU, Canada, Germany, France, Switzerland and Israel. It enables an in-depth assessment of the AI industry development potential in particular countries and regions. “This fi rst iteration in an ongoing series of Global AI Economy Size Assessments undertaken by AiiA adds substance and
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