Despite the variable effects of the COVID-19 pandemic on other sectors, the global synthetic intelligence (AI) software market will grow to $98. 8 billion through 2025, according to a new omdia report.
This number is six times higher than $16. 4 billion in 2019.
The AI software market has grown enormously in recent years. And although the COVID-19 pandemic has slowed market expansion forecasts, its effect is asymmetrical across all industries. Some industries are regressing, such as energy, oil, fuels, and mining, some places in the market, such as health care, are accelerating the adoption of AI.
The report analyses 4 market situations based on the duration of the pandemic and the severity of its economic effects: The moderate situation predicts continuous double-digit growth, the cumulative market length for 2019-2025 is reduced by 22% compared to before COVID forecasts.
End users focus on what AI software can do. As a result, Omdia has created a taxonomy of 340 instances of AI usage in 23 commercial sectors that take advantage of the AI-related software opportunity. Use instances of how and why consumers implement AI. distinguish market truth, i. e. actual implementation and use, from market exaggeration. The use cases of the synthetic intelligence software market come with voice/voice recognition, video surveillance, visitor service and virtual virtual assistant (VDA) market, tracking and controlling network/computer operations, and stock control and source chain.
“The economic effects of the COVID-19 pandemic have expanded the dichotomy among the first AI ADOPTERS, ‘AI holders’, and those traveling, ‘AI does not have one,” Neil Dunay, Omdia’s senior analyst, said in a statement.
“Industries that pioneered AI implementations and have the largest investment in artificial intelligence will likely continue to invest in what they see as a shown generation that is essential to reduce costs, generate profits, and visitor experience,” Dunay adds.
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Wabtec will use the latest generation of additive production to produce lightweight, large-scale, next-generation portions and delays of up to 80%.
Wabtec Corp. se will be enrolled in Neighborhood 91, the additive production campus of the Pittsburgh International Airport innovation campus. Neighborhood 91 is the world’s first progression to condense and unite all parts of the additive and 3-d production source chain by printing into a single production ecosystem.
This agreement makes Wabtec the first primary production tenant in Neighborhood 91 and is based on the company’s additive generation development functions and footprint in western Pennsylvania, which has 3D printing labs in Erie and Grove City.
“Additive generation is a key action domain for us that provides new features to drive innovation where classic production simply can’t,” said Eric Gebhardt, Wabtec’s Chief Technology Officer. “This agreement continues our investment in the resources that enable our engineers to design new and complex products for the industries we serve. As the first progression in the world to join all elements of the additive production source chain into one position, Ward 91 is the ideal position to realize the full perspective of this generation.
Wabtec will use the latest generation of additive production to produce lightweight, large-scale, state-of-the-art portions for rail consumers and 80% delays. Production will come with steel and aluminum shipping factors, such as brake portions and heat sinks. for cargo locomotives. By 2025, the company plans to use additive production in the production of more than 25,000 portions.
“Wabtec’s commitment to Ward 91 is the latest example of how our region is moving forward even in the event of a pandemic,” said Rich Fitzgerald, director of Allegheny County. “As a Fortune 500 company, Wabtec’s resolution to Ward 91 for its next production The facility is a vital milestone for the progress and progression of Pittsburgh International Airport. “
The ward 91 concept is based on capital resources co-located at the center of development and will space out an entire ecosystem from start to finish:
– Dust, parts, post-production and analysis
– Common dust garage facilities
– Efficiency in / post and delivery
– Reduce the prices of renter customers of print-on-demand.
– Reduced transportation costs
– Airport access
– And most importantly, argon, helium and other rare gases, which are essential parts of additive production, reaching up to 60% of additive production costs.
“Part of our vision as an airport is to promote the region’s role as a global leader,” said Christina Cassotis, executive director of Pittsburgh International Airport. “Additive production is for a house and now, with Ward 91, this vision comes true. Neighborhood 91 is designed for industry leaders like Wabtec to advance the application of additive technologies for its customers. By condensing the chain of origin, this campus will drive the adoption of additives in the production space. »
Ward 91, developed in collaboration with the University of Pittsburgh, is the first progression of the 195-acre Pittsburgh Airport Innovation Campus. Wabtec will occupy more than 11,000 square feet in Ward 91, recently under structure and scheduled for the final touch in the spring of 2021. The company will be able to send portions without delay from the airport to any location in the world within 24 hours, which will generate chain functionality and reduce transportation costs.
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