rise in adoption of augmented intelligence by enterprises to gain best outcome is driving the Augmented Intelligence Market

Latest News:- Augmented Intelligence Market: Machine learning is expected to lead the Technology segment during 2024-2028

Technavio analyzes that the Augmented Intelligence Market is expected to grow at a CAGR of 33.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 61.3 billion.There are various factors that contribute to the growth of the market. Augmented Intelligence (AI) is experiencing a surge in adoption by enterprises in pursuit of optimized business outcomes. By integrating AI technology into their operations, companies aim to enhance human capabilities, streamline processes, and make informed decisions more efficiently. This trend is driven by the potential for increased productivity, improved accuracy, and enhanced customer experiences. As businesses continue to seek competitive advantages, the demand for Augmented Intelligence solutions is expected to grow significantly.

Augmented Intelligence, which includes Machine Learning (ML), represents the next generation of business intelligence. ML is a subset of Augmented Intelligence that utilizes advanced algorithms to analyze data, learn from it, and adapt without human intervention. This technology is designed to execute tasks, perform analysis, and make decisions based on data patterns and trends. By integrating ML with human oversight and data-driven decision-making, businesses can improve operational efficiency, reduce error rates, and enhance overall performance. In a symbiotic relationship, human ability and technology collaborate to extract valuable insights from clinical studies and complex data sets, ultimately leading to informed decisions that support business growth. 

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Augmented Intelligence Market Segmentation

• Technology
  • Machine learning
  • NLP
  • Computer vision
  • Others
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Alibaba Cloud
• Alphabet Inc.
• Amazon.com Inc.
• Baidu Inc.
• Cisco Systems Inc.
• Meta Platforms Inc.
• General Vision Inc.
• Graphcore Ltd.
• Hewlett Packard Enterprise Co.
• Huawei Technologies Co. Ltd.
• iFLYTEK Co. Ltd.
• Intel Corp.
• International Business Machines Corp.
• Microsoft Corp.
• NVIDIA Corp.
• Oracle Corp.
• Salesforce Inc.
• Samsung Electronics Co. Ltd.
• SAP SE
• SAS Institute Inc.
• Siemens AG

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Research Analysis Overview

The Augmented Intelligence Market encompasses Intelligence Amplification (IA), which combines Machine Learning and Deep Learning technologies, including Natural Language Processing, to create Virtual Assistants. Big Data and Data Analytics are utilized for Predictive Analytics, aiding Data Scientists in enhancing Human Intelligence for Decision-Making. Autonomous Systems and Reactive Machines employ Limited Memory AI, Cybernetics, and Algorithms for Data Processing. Streaming Video Services, Factory Automation, Political Think Tanks, and Medical Analysis are significant applications. However, challenges such as Bias, Fatigue, Distraction, Error Rate, and Clinical Study results necessitate a Symbiotic Relationship between AI and Human Intelligence.

Market Research Overview

The Augmented Intelligence (AI) market, also known as Intelligence Amplification, is a significant segment within the global technology hardware, storage, and peripherals market. This market encompasses technologies such as Machine Learning, Deep Learning, Natural Language Processing, and Virtual Assistants, which are integral to data-driven businesses. The market's size is determined by the revenue generated from the sales of hardware, equipment, and components, including those used for Big Data, Data Analytics, and Predictive Analytics. The global technology hardware, storage, and peripherals market's growth is fueled by the increasing demand for data centers, driven by the surge in remote work due to COVID-19. Data Scientists and autonomous systems rely on these advanced technologies to enhance human intelligence, improve decision-making, and streamline operations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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