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:
Mining is a major worldwide industry producing everything from coal to gold. According to a PWC annual report, the top 40 mining companies have a market capitalization of $748 billion as of April 2017. The industry as a whole saw a slump in 2015 but since then the sector has recovered due to rising commodity prices.
Food processing is one of the major manufacturing sectors in the United States. According to the United States Department of Agriculture, 16 percent of the value of shipments from all U.S. manufacturing plants comes from food processing plants. These plants employ around 1.5 million workers in this country.
Artificial intelligence is gaining traction in the agricultural industry and is steadily being integrated in robotics developed for this sector. As automated technologies penetrate the market, we aim to answer the important questions that business leaders are asking today:
Both artificial intelligence and robotics have been improving over the past few years. Large companies are betting billions that in the near future we will have cars that can drive themselves, drones that can fly themselves to deliver packages, automatic fast food chefs, AI personal assistants, manufacturing robots that can train themselves and other robots, etc.
Agriculture is both a major industry and foundation of the economy. In 2016, the estimated value added by the agricultural industry was estimated at just under 1 percent of the US GDP. The US Environmental Protection Agency (EPA) estimates that agriculture contributes roughly $330 billion in annual revenue to the economy.
Discovering a new drug is a long, expensive and often haphazard process. Thousands of compounds are subject to a progressive series of tests, and only one might turn out to be a viable drug. Any tool which can speed up just one of these steps in this long multi-step process would have big implications down the entire chain. This is why some of the largest pharmaceutical companies are turning to AI to help the process.
The U.S. commercial airline system is an economic engine which generated an estimated $168.2 billion in operating revenue in 2016. Ticket fares represented 74.5 percent of operating revenue or $125.2 billion. In 2016, the overall category of transportation represented approximately 2.7 percent of the national GDP.
For most people, the direct impact of improvements in weather forecasting may seem to be that it simply makes vacation planning easier, but even smallest advancement in predicting the weather can produce massive improvements for businesses and governments.