Market & Technology News

Banking, retail and manufacturing driving European AI 40% growth

Analyst house IDC says Western European revenues for cognitive and artificial intelligence (AI) systems will reach $1.5bn in 2017, an increase of 40% over 2016.

IDC says Western European spending on cognitive and AI solutions will continue to see significant investment over the next several years too, achieving a compound annual growth rate (CAGR) of 42.5% through to 2020, when revenues will be more than $4.3bn.