IDC: Worldwide spending on AI to double over next four years

  • “Worldwide spending on artificial intelligence will double over the next four years to reach $110 billion in 2024, according to new spending figures released by IDC.
  • ‘AI is the technology that will help businesses to be agile, innovate, and scale. The companies that become ‘AI powered’ will have the ability to synthesise information (using AI to convert data into information and then into knowledge), the capacity to learn (using AI to understand relationships between knowledge and apply the learning to business problems), and the capability to deliver insights at scale (using AI to support decisions and automation),’ he explains.”

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