• As per the report by Economic Times by 2025, the demand for expertise in advanced technologies like AI, robots, and data science will be 20 times larger than the supply.
    • Global IT research firm Gartner forecasts the AI and data science platform market is to grow to over $10 billion by 2025 at a 21.6% compounded annual growth rate.
    • According to estimates by the International Data Corporation (IDC), the AI (artificial intelligence) market in India is expected to grow at a five-year compound annual growth rate (CAGR) of 20.2 per cent and reach USD 7.8 billion in total revenues by 2025.
    • Back in February 2021, the International Data Corporation (IDC) had predicted that by 2024, the market for AI is slated to exceed the $500 billion mark. The TRAI paper noted that investment in AI and machine learning (ML) companies has increased sharply. Indian AI and analytics start-ups too have received $1,108 million in funding in 2021, the highest ever funding in seven years, with a year-over-year growth rate of 32.5%.
    • As per the report by smartdatacollective.com, big data technology has helped many companies improve efficiency and address some of the top challenges they have encountered in recent years. A growing number of businesses have invested in AI to improve their business models. As a result, the market for AI technology is projected to be worth over $420 billion by 2028. Surveys have shown that 90% of the top businesses use AI, even though only 37% of companies use it at all.
    • As per the report by smartdatacollective.com, big data technology is shaping the future of healthcare. Global healthcare companies are projected to spend over $105 billion on big data by 2030.

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