Artificial intelligence is not an alien concept anymore. Since it was first coined at Dartmouth College in 1956 by cognitive scientist Marvin Minsky, AI as a future technology has grown tremendously. Today, we are surrounded by AI. From assistants such as Amazon’s Alexa to the internet predicting what we may like to buy next and self-driving cars, AI is found everywhere. Helping AI machines to learn and develop over time is Machine Learning (ML) algorithms. In a modern business scenario, AI and ML allow organisations to extract value from the troves of data they collect, delivering business insights, automating tasks and advancing system capabilities. Undoubtedly, AI/ML has the potential to transform all aspects of a business by helping them achieve measurable outcomes.
According to Zion Market Research study, the global AI market was valued at nearly USD 59.67 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 39.4 per cent to reach USD 422.37 billion by 2028. As per the report, the market in the Asia Pacific is likely to develop at the fastest CAGR during the projected period. The use of AI services in major end-user sectors, including healthcare, manufacturing, and automotive in nations like China, Japan, South Korea, and Australia, has fueled this expansion. In the coming years, AI/ML will clearly emerge as a powerful, transformative technology that can provide enormous value in any industry.
To celebrate the success of business leaders helping the AI/ML industry reach new heights, we have developed a special issue featuring the 10 Most Inspiring Leaders in AI-ML Industry – 2022. In this issue, we have identified the world’s most respected executives, entrepreneurs, and innovators in the AI-ML industry and shared their exclusive success stories. We hope our initiative will help business leaders looking to know more about the trends in emerging markets like AI-ML.