The global market for artificial intelligence (AI) is expected to grow from $3.2 billion in 2016 to a whopping $89 billion by 2025. A major chunk of this revenue is expected to come in the enterprise segment which is estimated to reach $31.2 billion by 2025.
The explosion of AI has significant implications for businesses across industries. Up until now, one of the key differentiators between enterprises and startups is the agility that small businesses possess. With AI, enterprise organizations could process information and arrive at decisions much at the same pace as startups. Consequently, AI could provide large businesses a potent weapon that could help them maintain their lead over smaller businesses.