Summary: The artificial intelligence marketplace is primed to surge from $8 billion this year to $47 billion by 2020. AI’s prime contribution will be to work through the enormous amount of data that modern technology is producing, make sense of the big data by discovering trends and patterns, and suggest ways forward. Already, algorithms are conducting research for law firms and writing stories for newspapers, among other tasks. As AI continues to evolve, it will continue to transform the way businesses function and how people live their lives, augmenting—not replacing—human intelligence and expertise.
