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:
The amount of data companies have on customers and the number of channels customers are using to interact with businesses have grown significantly in the past decade. Artificial intelligence may hold great promise in optimizing customer and client interactions.
Lending is a massive business in the United States which directly and indirectly touches almost all parts of the economy. As of September 2017, consumer debt in the United States was just under $3.8 trillion. Credit card debt accounts for roughly $1 trillion, car loans another trillion, and student loans for just under $1.5 trillion. In addition, total value of mortgage debt is just under $14.6 trillion. Debt is big business.
Talent sourcing and recruitment are at the center of developing and maintaining the U.S. labor force. The U.S. Bureau of Labor Statistics (BLS) projects that over the decade spanning from 2016 to 2026, the labor force will increase by 11.5 million. This increase is approximately equivalent to a 0.7 percent annual growth rate.
The U.S. music industry is an economic staple generating an estimated $7.7 billion in retail revenue in 2016, according to the Recording Industry Association of America. The year 2016 also marked the first time that music industry revenue was generated primarily from “streaming music platforms.”
Artificial intelligence (AI) companies continue to find ways of developing technology that will manage laborious tasks in different industries for better speed and accuracy. In the legal profession, AI has already found its way into supporting lawyers and clients alike.
The entertainment and media (E&M) industry is a diverse sector composed of multiple segments including film, television and media streamed online. By 2021, the U.S. E&M industry is projected to reach $759 billion in revenue, increasing at a compound annual growth rate (CAGR) of 3.6 percent.