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 healthcare analytics market continues to gain traction as the healthcare industry transitions to a value-based care model. Value-based care focuses on quality of care delivery as opposed to volume of patients served. There are great opportunities for data analytics due to the high volume of information that must be routinely collected, tracked and interpreted, particularly in the hospital setting. Examples of value-based care programs in the hospital setting include the Hospital Value-Based Purchasing (HVBP) Program and the Hospital Readmission Reduction (HRR) Program.
Though in its nascency, the Indian banking sector is beginning to adopt artificial intelligence (AI). While large commercial and investment banks globally are incorporating AI and blockchain for both back-office and customer-facing purposes, in India, widespread adoption of these technologies has not yet come to fruition.
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. With tens of millions of Americans holding loans worth trillions of dollars, any technology that can make even a small improvement in a company’s returns on the loans they hold, or that can improve their share of the market, would be worth a significant amount of money.
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 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.