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It s a safe bet that possessing skills related to artificial intelligence (AI) will present career opportunities for people today, especially in industries that are building AI capabilities into their products or looking to leverage the technology to increase automation and efficiency.
AI has become a focal point for many corporate IT departments and lines of business, and the market for products and services reflects that. A February 2021 report by consulting firm International Data Corp. (IDC) says worldwide revenues for the AI market, including software, hardware, and services, is forecast to reach $327.5 billion this year, up 16 percent from 2020.
By 2024, the market is expected to break the $500 billion mark, IDC says, with a five-year compound annual growth rate (CAGR) of 18 percent. AI is becoming ubiquitous across all the functional areas of business, the report says, with advancements in machine learning, conversational AI, and computer vision AI.