Gartner Revs Its Prediction Engine: The Global AI Market

November 29, 2021

My hunch is that smart software is going to be pervasive: Financial outfits, wonderful health care institutions, and exemplary high technology outfits engaged in an American favorite activity nudging.

You can read about this prediction in “Global AI Software Market to Hit $62 Billion in 2022.” My first reaction was, “Just $62 billion.” Oh, well, I don’t work at a mid tier consulting firm eager to populate its conferences with true believers. (This write up may be disappeared. If you can’t locate it, give the mid tier folks a jingle. My hunch is that you can buy a report right from the distributed organization itself.)

The write up says:

Global artificial intelligence (AI) software revenue is forecast to reach $62.5 billion in 2022, an increase of 21.3 per cent from 2021, according to Gartner. The top five use cases for AI software spending in 2022 will be knowledge management, virtual assistants, autonomous vehicles, digital workplace and crowdsourced data.

I am not sure what a digital workplace is and I am puzzled by crowdsourced data. Maybe Gartner is talking about smart surveillance of mobile device users? I don’t know.

Nevertheless, pretty modest growth and just $62 billion.

Stephen E Arnold, November 29, 2021

Written by Stephen E. Arnold · Filed Under AI, Marketing, News

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.