SMART THINKING
The global artificial intelligence market may reach USD 54 billion by 2026. The advancement in the rise of robotics and their rate of deployment in developing economies has had a large impact in the artificial intelligence market. North America dominates the artificial intelligence market, which is driven by high government funding and prominent companies in the region. This trend is expected to continue over the next decade. APAC (Asian Pacific) is presumed to be the fastest growing market, developing at a CAGR (compound annual growth rate) of more than 65% over that same period. Overall, the artificial intelligence market could continue to develop at a CAGR of over 55.9% from 2018 to 2026.
New artificial intelligence concepts are popping up everywhere and concepts are what drives this market. AI use lags in many areas which could benefit from incorporating new technology. The agriculture market is one example. While many farmers use new technologies, there are vast chasms that need technology to gain that extra edge.
Our team looks for ways for drones, robotics and AI to work together for specific tasks that require decision making. Making quick and effective decisions saves time, lowers costs and in some cases protects human life. For example, agricultural surveillance drones can look for stunted crops, pest damage, drought and other variables that create challenges in farming. By collecting all of this data, farmers can enhance their production and improve the efficiency of their land.