The Future Trends Report
The standard AI application will become ubiquitous. Machines will begin to understand the associated factors and generate value on their own. This new integration of AI requires action on the part of certain industries.
In 2020, global trends in the field of artificial intelligence will continue to influence metallurgy, as well as the mining, oil and gas industries. Accelerated growth of the AI market is expected over the coming year. De facto, a huge opportunity for reducing costs and optimizing the industrial process emerges. Growth forecasts for AI markets vary between a cumulative annual growth rate (CAGR) of 31% to 54% for the following years.
To date, the global AI market volume stands at $ 15 billion, but growth forecasts show that it will quadruple to reach $ 72.5 billion in 2025. The digitization of industry sectors is going continue and various technologies of the future will turn into commodities. The standard application of artificial intelligence will become ubiquitous. Machines and systems will begin to understand the associated factors and generate value on their own. This new integration of AI covers all sectors and requires action from certain industries. This is the only way for them to remain competitive in the future.
Reversal of the trend of job losses due to the development of AI. Conversely, the development of AI contributes to the creation of new jobs
In recent years, the development of automation and artificial intelligence has tended to contribute to rising unemployment in the labor market. As recently as 2014, consultants Gartner Research predicted that by 2025 intellectual robots would occupy a third of all jobs. They also predicted that in 2018 more than three million employees would work under the direction of an artificial intelligence system.
Today the situation has changed and the development of AI is expected to achieve a positive balance between jobs lost and jobs created. This unanimous opinion is shared by the experts of the World Economic Forum , as well as those of the companies McKinsey and Accenture . In truth, the future of the labor market is still very uncertain. However, new qualifications will be needed to remain competitive in the future.
The skills required to install new intelligent robots on production lines are often lacking in most companies. Industrial facilities and factories lack the time and robotics specialists to modernize the ongoing production process. Their inability to use the latest robotic technologies is lagging behind AI trends. They lack know-how in the integration and implementation of advanced artificial intelligence systems. Thus, the factor that delays the automation of AI is above all the qualification of the workers.
In the past, the oil and gas industry ignored any digitalization process , and now industrial sites are faced with the need to move quickly to new standards. Over the next few years this sector should use more digital technologies and artificial intelligence systems. The main objective of using innovations and new technologies is to reduce costs. These investments must be concentrated on the skills training of workers and the accumulation of knowledge.
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