AI Sector Overviews Articles and Reports

This article is based on a presentation originally given by Daniel Faggella, CEO & Founder at Emerj (formerly TechEmergence) to a group of real estate executives at a Grupo4s "Future of Real Estate" event in San Francisco, in March of 2018.

Deloitte, EY, PricewaterhouseCoopers (PwC) and KPMG are among the largest service providers in the accounting industry— collectively referred to as the Big Four. Many of the financial and consulting services offered by these firms - such as advising on investment decisions - involve finding patterns in very large sets of data. This data is often beyond the understanding of a single person (or team of persons) and is often “noisy” and without a set format.

The opioid overdose crisis continues to maintain a strong grip on the nation. According to the National Institute on Drug Abuse (NIDA), the epidemic claims more than 115 lives in the United States every day.

Many products today leverage artificial intelligence for a wide range of industries, from healthcare to marketing. However, most business leaders who need to make strategic and procurement decisions about these technologies have no formal AI background or academic training in data science. 

Hearing loss is a condition affecting an estimated 48 million individuals in the U.S. While the degree of severity may vary across age groups, the Hearing Loss Association of America reports that hearing loss ranks third after arthritis and heart disease among the most common physical ailments.

Relative to banking, finance or healthcare, construction is still a small market for artificial intelligence and emerging applications are focused on finding patterns in large datasets which would either be too difficult for humans to process or would take them too long. Over the course of this article, we aim to answer the following questions:

The implementation of artificial intelligence applications in the healthcare space is poised to impact clinical workflows, physician training and the medical education model. A recent report by Accenture predicts that the AI health market will grow to an estimated $6.6 billion by 2021 and a compound annual growth rate (CAGR) of 40 percent. This represents a significant increase from a market size of $600 million in 2014.

According to this report from Deloitte, the global 3D printing industry is expected to reach $5.2 billion in 2020 and the largest opportunities for corporations in near future will be in home improvement and the life sciences sectors. Yet, today there are still several hurdles in the additive manufacturing process that need to be overcome for widespread adoption in the industry.