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Industry Background

According to the market research firm Tractica, the global artificial intelligence software market is forecast to experience massive growth in the coming years, with revenues increasing from around ten billion U.S. dollars in 2018 to an expected 126 billion by 2025. The overall AI market includes a wide array of applications such as natural language processing, robotic process automation, and machine learning.

Whether the rise of Artificial Intelligence will drive job destruction or bring about a new creative renaissance, AI is here - and here to stay. AI promises to be the most disruptive class of technologies during the next 10 years. According to Gartner, Inc. AI-derived business value is forecast to reach $3.9 trillion in 2022. Yet to many people, AI is a mystery.