Project Management

Emerging Technology Status - Artificial Intelligence

From the Emerging Technologies Blog
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UPDATED MAY 2020 - This blog will appear monthly from now on. Today, all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.

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Artificial Intelligence (AI) is emerging as an extremely valuable technology after decades of research and development. Current projections suggest that the overall market for AI is expected to grow at a compound annual growth rate (CAGR) of 53.65% from 2015 to 2020 and top $5.05 billion.  While this amount appears small compared to other technologies, one must consider AI is often a component within a much larger initiative. It is important to note that the vast majority of AI projects and programs will be embedded into other, often called “SMART” products and services.  Robotics, smart cars and smart services are among the leading segments for AI.  It should be noted that China has embarked on a new initiative they call Internet Plus Artificial Intelligence.


Posted on: May 26, 2016 06:31 AM | Permalink

Comments (2)

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Prabhaker Panditi Head of Agile | Global Bank in UAE Hyderabad, Telangana, India
Thanks for sharing this Keven. Since, as you rightly point out, AI initiates form part of other projects, how does one estimate the overall projected size of AI? Which countries and industries are likely to be in the lead in AI?

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Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States
I have found that it works best, at least for me to break out and estimate the AI portion individually and integrate that back into the overall program or project schedule, budget etc.... I rely heavily on the AI subject matter experts for their input and estimates and build in a reasonable buffer.

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