Stefan Mileschin

IDC thinks it will cost about $120 billion

Corporates are expected to shell out more than $120 billion on AI technology by 2025.

According to IDC who has been analysing some numbers and cross checking it against Tarot cards this means an increase in spending of 26 per cent over the next four financial years.

Retail and bankers are the most interested in AI and will make up 28 percent, nearly $20 billion, of investments by 2025.

Media and financial trading businesses will spend the most money. AI investments for these markets are projected to grow 30 per cent year over year. Automated claims processing and IT optimisation will be growth areas, increasing 30 and 29.7 percent respectively every year until 2025.

IDC's Customer Insights and Analysis team senior research manager Mike Glennon said that AI is rather good at developing new business and building new business models.

https://fudzilla.com/news/54555-corp...-fortune-on-ai