IDC: Staying Ahead of the Game with Artificial Intelligence

March 15th, 2018

Machine learning as an effective means to achieve artificial intelligence (AI) is no longer just hype, but an emerging reality.

This IDC anlaysis takes a closer look at the global AI landscape and how organizations are increasingly embracing AI to positively transform their business and stay ahead of the competition.

Key highlights are as below:

  1. 5-year CAGR*, 2016-2021 for AI in Asia Pacific is 73%
  2. Top 5 Projected AI Spending industries in 2021 include:
    • Banking, financial services,and insurance US$12 Bil
    • Manufacturing US$9.5 Bil
    • Retail US$9.3 Bil
    • Public sector US$8.9 Bil
    • Healthcare  US$5.3 Bil
  3. 67% of organizations globally have adopted or have firm plans to adopt AI in the next 5 years
  4. 53% of Asia Pacific countries are planning to adopt within 5 years
  5. 52% of organizations in Asia/Pacific agree AI will be critical for businesses to gain a competitive advantage
  6. 52% of organizations globally expect AI to significantly change fraud/risk/security management, while 55% expect AI to have an impact on customer service and support, now and within 2 years

For full IDC report, please refer to