ai sector overviews Articles and Reports

Artificial intelligence “sector overview” reports are designed to help business leaders explore the possibilities and important AI trends across industries. Search our sector overview reports below:

AI in Fitness

AI in Fitness – CRMs, Gym Management Software, and Chatbots

According to the International Health, Racquet & Sportsclub Association, the global fitness industry earned revenues estimated at $83.1 billion in 2016, up from $81 billion in 2015, and growing by 2.6%. If it continues at this rate, it should reach $87.5 billion in 2018. As of now, numerous AI vendors claim to assist gyms with signing up new gym customers, developing nutrition and fitness programs, and maintaining good customer relationships. Some offer chatbots that they claim can help gym members maintain personalized fitness regimens.

Business Intelligence in Healthcare - Current Applications

Business Intelligence in Healthcare – Current Applications

According to Deloitte, global healthcare spending is expected to grow annually by 4.1% from 2017-2021, up from just 1.3% in 2012-2016. The report suggests this growth will be fuelled by aging, rising populations, the growth of developing markets, advances in medical treatments, and rising labor costs.

Artificial Intelligence In Industrial Automation – Current Applications

Artificial Intelligence In Industrial Automation – Current Applications

Accenture forecast the Industrial Internet of Things could contribute $10 trillion to the global economy by 2030. The report also suggested that sensors, material tracking mechanisms, 3D printing, automated product design, robotics, and wearables could help manufacturers reduce costs and increase productivity. Predictive asset maintenance could potentially reduce equipment and machinery maintenance costs by up to 30% and result in up to 70% fewer breakdowns.

Ai for Lease and Contract Abstraction

AI for Lease and Contract Abstraction – Current Traction

The International Financial Reporting Standards (IFRS) and Financial Accounting Standards Board (FASB) have introduced new financial and accounting standards which require financial institutions to compile all their lease agreements and accounting reports electronically. These new standards may require significant changes to a financial institution's lease and contract management processes.

Computer Vision in Healthcare

Computer Vision in Healthcare – Current Applications

According to Deloitte and the Economist, global annual health spending should reach $8.734 trillion dollars by 2020, and, as mentioned in our previous report on AI for Healthcare in Asia, InkWood Research estimated the size of the artificial intelligence market in the healthcare industry at around $1.21 billion in 2016. As of now, numerous AI vendors claim to help healthcare professionals diagnose patients using machine vision. Other AI vendors claim to offer solutions for increasing adherence to drug therapy programs.

Artificial Intelligence for Healthcare in Asia - An Overview of Startups and Innovation

AI for Healthcare in Asia – An Overview of Startups and Innovation

InkWood Research estimated the size of the artificial intelligence market in the healthcare industry at around $1.21 billion in 2016. We surveyed more than 50 executives from healthcare companies previously and laid out the state of AI applications in the healthcare space. It seems AI-based healthcare innovations have made their way into Asia, led by developments in China, India, Japan, and South Korea. Numerous companies claim to assist healthcare professionals in Asia with aspects of their roles, including assisting in diagnostics, remote caregiving, and improving a patient's ability to manage their health using data from wearable devices.