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Companies Using Artificial Intelligence Technology for Niche Markets and Specific Applications; Key to Success
Companies Mentioned: Gopher Protocol, Fortinet, Netflix, Inc., PayPal Holdings, Inc. P...
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[{"type":"text","content":"Companies Using Artificial Intelligence Technology for Niche Markets and Specific Applications; Key to SuccessCompanies Mentioned: Gopher Protocol, Fortinet, Netflix, Inc., PayPal Holdings, Inc. \nPOINT ROBERTS, WA / ACCESSWIRE / March 13, 2018 / Investorideas.com (www.investorideas.com), a global news source covering technology, including Artificial Intelligence (AI), issues a report on the sector and some of the publicly traded companies making headlines.\nCompanies mentioned include: Gopher Protocol Inc. (OTCQB: GOPH), Fortinet (Quote), Netflix, Inc. (Quote), and PayPal Holdings, Inc. (Quote).\nAccording to new data from ResearchAndMarkets.com just last week, \"The artificial intelligence market is expected to reach USD 190.61 Billion by 2025 from USD 21.46 Billion in 2018, at a CAGR of 36.62% during the forecast period.\"\nArtificial intelligence and machine learning is finding its way into new companies and applications at a rapid pace. David Cearley, V.P. and Gartner Fellow, talking about the Gartner Top 10 Strategic Technology Trends for 2018, said, \"Artificial Intelligence is the number one trend to watch.\"\n\"The ability to use AI to enhance decision making, reinvent business models and ecosystems, and remake the customer experience will drive the payoff for digital initiatives through 2025.\nGiven the steady increase in inquiry calls, it's clear that interest is growing. A recent Gartner survey showed that 59% of organizations are still gathering information to build their AI strategies, while the remainder have already made progress in piloting or adopting AI solutions.\nAlthough using AI correctly will result in a big digital business payoff, the promise (and pitfalls) of general AI where systems magically perform any intellectual task that a human can do and dynamically learn as much as humans do is speculative at best. Narrow AI, consisting of highly scoped machine-learning solutions that target a specific task (such as understanding language or driving a vehicle in a controlled environment) with algorithms chosen that are optimized for that task, is where the action is today. 'Enterprises should focus on business results enabled by applications that exploit narrow AI technologies and leave general AI to the researchers and science fiction writers,' said Cearley.\"\nOne company is doing just that, focusing and ap...