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Deloitte estimated the size of the global travel and tourism industry at around $1.6 trillion in 2017. When adding in the indirect and induced economic contributions of related activities, the travel and tourism industry accounts for 10.4% of the world’s gross domestic product (GDP).

This article was originally written as part of an in-depth AI report sponsored by Iron Mountain, and was written, edited and published in alignment with our transparent Emerj sponsored content guidelines. Learn more about our thought leadership and content creation services on our Thought Leadership Services page.

Most of the time when we have requests for speaking engagements here at Emerj, they're from business leaders. At the time this article was published, I just came back from a presentation at National Defense University in Washington DC. Presenting there was unique in many regards. Obviously, the use cases for tanks and submarines are quite different than they are for drug development or selling more products off retail shelves.

In 2017, Emerj conducted research into the applications of machine learning in marketing with 51 different AI-focused marketing executives. The AI marketing vendors we spoke to named retail and eCommerce as the top sectors ripe for applying marketing AI software. Below is a graphic from our research showing the sectors that AI marketing vendors sell into most:

We have discussed the importance of having the right talent in place when it comes to AI adoption in enterprise quite thoroughly here at Emerj. The scarcity of data science talent and its price point are one of the main reasons small businesses are not likely to adopt AI successfully at this time.

Broadly, artificial intelligence involves a machine doing something that only a human would be able to do. That said, computer scientists disagree on if certain computing capabilities from several years ago still constitute AI. Nowadays, many of these capabilities might just be called software.

NASDAQ estimates more than $5 trillion is traded every day in what it describes as “the most actively traded market in the word:” foreign exchange, or forex. Business leaders might expect AI to make its way into the forex world the way it has into finance and banking broadly. Most companies claim to assist foreign exchange traders by predicting when to trade or hold onto currencies. As it turns out, however, Most of the AI vendors in the forex space are in fact only claiming to use AI. There is strong evidence to suggest that their claims are illegitimate.

Modern AI and machine learning software require large sets of data in order to train its algorithms to make judgments, make predictions, and take actions. Data is a critical part of bringing artificial intelligence to life in different industry sectors. The applications we’ve highlighted below involve organizing historical and real-time data from existing businesses in the retail sector from which data scientists can build machine learning models.

After plenty of deliberation, web development and research, we’ve finally rebranded to Emerj Artificial Intelligence Research.
I’m glad I finally won’t get any more “so when are you rebranding?” emails.
It sure did take more effort and development work than I had expected (lots of new features / functionality to build out), but it was well worth it.
My goal with this article is to provide our users and readers with a full breakdown of what’s new, and what to expect moving forward. The article below is broken down into the following sections:

Before getting into this report, we have to inform readers that none of the companies discussed below claim to offer software that provides diagnostics, except Cognoa, which has FDA approval to call itself a diagnostic tool. We suspect this is because these companies are not legally allowed to do so. We usually don't refer to a dictionary to determine what constitutes a concept, preferring to create our own informed definitions, such as in our What is Machine Learning? piece, but Merriam Webster defines "diagnosis" as the following: "the art or act of identifying a disease from its signs and symptoms."