Categories Markets, Technology

2019 will see the marriage of cloud computing and AI

Artificial intelligence and cloud computing will go hand in hand by next year, according to a recent report. As per Deloitte’s Technology, Media & Telecommunications Predictions report, 70% of the companies obtaining AI capabilities will do so using a cloud-based enterprise software in 2019.

Meanwhile, among companies that design AI applications, two-thirds would do so via cloud-based development services, the report further predicts. The report adds that penetration of cloud-based AI platforms will touch 83% of AI clients by 2020.

artificial intelligence
Image courtesy: Pixabay

“Cloud will drive more full-scale AI implementation, better return on investment (ROI) from AI and higher AI spending. Importantly, we’ll see the democratization of AI capabilities – and benefits – that had heretofore been the preserve only of adopters,” Deloitte states in the report.

Due to the requirement of outlandish investments, big expert teams and massive infrastructure, artificial intelligence has so far been restricted to a few “tech giants,” including Google (GOOGL), Amazon (AMZN) and Alibaba (BABA).  These companies, in turn, use this technology to make their operations more efficient.

Meanwhile, the drive in AI demand is also pushing them to develop AI development platforms for wider market application. Enterprise software firms such as Salesforce (CRM) and SAP (SAP) are making use of these platforms to integrate AI capabilities with cloud-based software for the mass market.

25 operators will roll out 5G in 2019: Report

A slew of startups is also in the race to make cloud-based AI applications, the use of which could range anywhere from cybersecurity to drug discovery.

In short, unlike in the past, AI is fast becoming a technology that is coming within the reach of the mass market. The launch of 5G technology, expected sometime next year, will speed up the implementation of AI applications by giving faster internet connectivity. Deloitte predicts that in 2019, AI will become a tool for small companies to leapfrog ahead of its rivals.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

One thought on “2019 will see the marriage of cloud computing and AI

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top