AI Market Size Grow in 2023

artificial intelligence

The global artificial intelligence market is growing from $28.42 billion in 2019 to $40.74 billion in 2020 at a compound annual growth rate (CAGR) of 43.39%. The growth is mainly due to the COVID-19 health emergency across the globe that has led to a new wave of transformative technologies including the revolutionary artificial intelligence technology (for example - smart machines and robots) emerging as a possible solution to contain the epidemic. The market is then expected to recover and reach $99.94 billion in 2023 at CAGR of 34.86%.

The overall AI market includes a wide array of applications such as natural language processing, robotic process automation, and machine learning.

Advanced Machine Learning Algorithms can be Applied to Bid Optimization to Achieve Target Conversion Goals

Many of the biggest names in the tech industry have invested heavily into both AI acquisitions and AI related research and development. When it comes to AI patent applications by company, Microsoft, IBM, Google, and Samsung have each submitted thousands of such applications, and funding for AI related start-ups are raking in dozens of billions of dollars each year.

Today, intelligent data-driven marketing is a core component of effective customer experience strategies. The theory is that by pulling insights from millions of customer interactions, and then using machine learning and artificial intelligence to make ongoing and accurate predictions about consumer needs, desires, and behaviors, a business acquires the ability to craft more engaging customer experiences.

Partner with the company to help them create a leading-edge, end-to-end, insight-driven marketing capability. Capable to identify the highest-value use cases, then create data science “pods” staffed by machine learning experts aligned to specific lines of business including capabilities for extraction, transformation, loading and management.

Cognitive marketing platform

ForkDesk help you to develop new capabilities in campaign design, implementation and measurement, help your marketing professionals ensure none of their new AI-driven insights would go to waste.

ForkDesk Solves Top Digital Advertising Challenges

ForkDesk approach to AI marketing is to utilize machine learning algorithms in every aspect of the customer journey. This includes using machine learning in the ad copy optimization process, bidding process, conversion process and post conversion engagement. Our holistic approach to AI marketing has provided measurable results for everything from local small businesses to national e-commerce websites.