One Trillion Dollar Market: Now That Is a Number but Why So Restrained?
June 8, 2021
Are you one of those skeptics who do not buy the baloney labeled artificial intelligence? I am okay with rules based systems, constrained neural networks, and old school look up tables. But really smart software? Not yet. But the people who provided the data for this gem “Global AI Market Predicted to Reach Nearly $1 Trillion by 2028” are true believers.
The write up states with the confidence of a thumbtyper working from home:
According to a recently released analysis report from Grand View Research, the AI market is expected to reach nearly $100 billion in 2021 and nearly ten times that by 2028. Per a report from Grand View Research: ‘The global AI market is expected to grow at a compound annual growth rate of 40.2% from 2021 to 2028 to reach USD 997.77 billion by 2028.’
In the Pandemic Era, smart software has not delivered the goods. There are shortages of chips, food, and medical services. Will smart software address these issues? Maybe but so far, the rah rah has been attention grabbing. Smart software was ineffective when the assorted security missteps disrupted organizations’ routine operations. Not even the sleek and proud at Amazon were exempt if the information in this report is accurate: “The Internet Is Broken – Is Twitch, Reddit, and Amazon Down?” The grammar sucks, but the message is clear — smart software failed again. Where’s Grammarly when you need it? Answer: Advertising on YouTube, not fixing up headlines at Dual Shockers.
But there’s that one trillion dollar number. That’s what matters.
Stephen E Arnold, June 8, 2021
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