This represents a revision upward of nearly 75% relative to Forrester's 2020 forecast, driven mainly by the acceleration in AI adoption during the pandemic and an increase in the number of companies offering AI software.
Looking at global market adoption of AI technologies, Forrester reported that the US dwarfs Europe in terms of AI spending.
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According to Forrester, the US not only leads AI enterprise adoption, but it is the leading destination for private AI investment, with $23.6bn of funding in 2020....
AI-infused software uses AI to increase its market attractiveness, but can also work without users activating its AI capabilities.
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Its forecast shows that 46% of technology company revenues in S&P Global are from companies tagged with an AI label....
The AI-infused software market is growing as established enterprise software providers embed AI capabilities.
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This category of artificial intelligence includes AI infrastructure, machine learning (ML) frameworks and platforms, and ML libraries.
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