Search by category: Artificial Intelligence
As Statista writes, in 2023, the transaction value in the neobanking segment was projected to reach $4.5 trillion, and by 2027, the number of users is expected to amount to 380 million. This information raises many questions — from “What is so special about neobanks that people leave traditional banks and rush to use them?”…
If you open your inbox, chances are you’ll find several emails with personalized travel recommendations. Most likely, artificial intelligence compiled them (travel agents were hardly involved) based on your search queries and travel history. This is not the only application of AI in the travel industry. Smart chatbots, virtual assistants, customer service automation, and much…
Is there any point to use machine learning for manufacturing companies? You know, there definitely is. Just take a look at the numbers: the global machine learning market is expected to grow from $21.17 billion in 2022 to $209.91 billion by 2029. If ML wasn’t delivering profitable business opportunities, it wouldn’t have attracted such money….
Insurance has always been a thing. But insurtech? It emerged only in 2010 when Friendsurance created the first peer-to-peer business insurance model. Nevertheless, in 2021, the global insurtech market size was already valued at $3.85 billion. Impressive enough, huh? But wait for it: from 2022 to 2030, analysts expect for the market to expand at…
Right off the bat, we have some statistics for you: the global machine learning (ML) market stood at $15.44 billion in 2021. It was predicted to reach $21.17 billion in 2022 and $209.91 billion by 2029. Such rapid growth isn’t surprising: artificial intelligence (AI) and machine learning techniques reshape many industries, including healthcare, IT, finance,…