Artificial Intelligence in 2020
It refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term Artificial Intelligence may also be applied to any machine which exhibits traits associated with a mind of humans such as problem-solving and learning.
ROLE OF AI HUMAN RESOURCE
Increased investment in smarter Human Resource technologies has led to some of the interesting innovations in the Artificial Intelligence.
AI in Recruitment
Opportunity
The
global artificial intelligence AI market size was USD 20.67 billion in the year
2018 is projected to reach USD 202.57 billion by 2026, exhibiting a CAGR of
33.1 during the forecast period.
Artificial
intelligence market growth driven by increasing adoption of cloud-based
applications and services and rise in the connected device market. Additionally
considerable investments in 5G technology and an increase in demand in
intelligent virtual assistants are playing a key role in AI market development.
For instance in March 2019 apple inc. acquired machine learning start-up laser-like of silicon valley which is aimed to strengthen it's artificial intelligence efforts, including the company's virtual assistant called Siri.
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