Computools Research: Machine Learning Forecasts Until 2021

Prospects for the Machine Learning development for the next several years.

According to the Gartner curve, Machine learning is in the process of transitioning from a hype climb and high expectations to a productivity plateau, and AutoML is at the peak of expectations. These 2 directions will be popular and most in-demand within 2-5 years.

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Statistical Observations:

  • According to the forecasts of International Data Corporation, by 2021, the costs of the AI ​​and ML industry will amount to $ 57.6 billion, while in 2017 amounted to $ 12 billion.
  • Automated Machine Learning (or AutoML) has been gaining popularity over the last couple of years. Several companies have already launched products that demonstrate the potential pf this service.
  • According to the LinkedIn report on new jobs for 2018, the number of jobs in the ML area has grown 12 times in the last calendar year.
  • According to Forbes, by 2020, artificial intelligence (AI) and machine learning (ML) should create a total cost of $ 2.6T in the field of marketing and technology of the new century, as well as an additional $ 2T in the field of production and supply chain planning.
Gartner Cycle AI

The list of trends that will remain relevant:

  1. Providing visualizations and insights to help describe and understand the data.
  2. Search, build, extract the best features for a given dataset.
  3. Building more powerful, more intelligent predictive models.
  4. Bridging the gap between black-box modelling and the use of such a model.
  5. Facilitate the production of these models.

All data for the study were obtained from open sources.

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Digital Optimization and Transformation Services for Business

We provide a wide range of digital business optimisation and transformation services. Our experts analyse the current state of clients’ business, develop a digital transformation strategy, implement innovative solutions and future monitor and maintenance them. Clients are able to increase the efficiency of business processes, reduce costs, improve their client’s interactions and accelerate company growth through the use of advanced digital solutions.

Platforms & Products Engineering for Business

We engineer structured platforms and products that are aligned to business requirements. To do this, we analyse future product’s needs, design and develop, test, implement and provide post-implementation maintenance. Clients get increased business competitiveness through innovative digital products optimised for market or internal requirements.

Software Development Services for Startups

We provide startups high quality software development services, speed up hypotheses testing to find market fit faster, shortening time to market and helping their products grow. We do this through collaborative ideation, MVP development, testing and scaling. By working together, clients get to market sooner and minimise risks through an iterative development approach.

Technology Advisory

We provide clients with expert advice on using advanced technologies, helping them make informed strategic decisions for business growth and development. Our experts analyse current technology trends, provide recommendations, and develop customised strategies. Clients increase their innovation activity, optimise their IT strategies, reduce risks and increase their competitiveness with expert knowledge and advice.

Dedicated Delivery Teams

Our team of experts ensures reliable and timely completion of tasks, providing clients with ongoing support and service. We allocate teams, task them, and they plan, develop and test. The teams also provide regular updates and support. Clients get flexible and adaptive solutions to their business challenges, take minimal time to set up a team, and get a long-term and effective partnership.

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