Artificial Intelligence Wave: IBM’s and Peers’ Acquisitions

Key Technologies That Will Dominate IBM’s Investments in 2017 PART 6 OF 13 By Anne Shields  | Dec 30, 2016 4:20 pm EST Innovation in the technology space Earlier in this series, we learned that AI (artificial intelligence) and machine learning technologies are expected to drive $2 trillion in spending during the next computing cycle. IDC (International Data Corporation) considers cognitive computing to be “one of six Innovation Accelerators that will drive digital transformation by opening new revenue streams, creating information-based organizations, and changing the way work is performed.” It expects AI and cognitive computing revenue to shoot up to $47 billion by 2020 from an estimated $8 billion in 2016. IBM (IBM) has invested billions of dollars in machine learning and AI through partnerships and acquisitions to develop its…

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