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AI to trigger global business value of $2.9 trillion in 2021: Gartner

According to Gartner, Inc., in 2021,artificial intelligence (AI) augmentation will create $2.9 trillion of business value and 6.2 billion hours of worker productivity globally.

The research advisory firm further predicts that by 2030, decision support/augmentation will surpass all other types of AI initiatives to account for 44% of the global AI-derived business value.

With more tech-backed educational start-ups entering the fray, education or training has emerged as one of the biggest job-providing sectors in the last one year and has consolidated its position in the ongoing year, finds a new survey.

Global Enterprise AI Market Analysis, Trends, and Forecasts (2019-2025): Market Anticipated to Grow by $19.1 Million – ResearchAndMarkets.com

Enterprise AI market worldwide is projected to grow by US$19.1 Million, guided by a compounded growth of 49.5%.

Staying on top of trends is essential for decision makers to leverage this emerging opportunity.

The report addresses this very need and provides the latest scoop on all major market segments.

Solution, one of the segments analyzed and sized in this study, displays the potential to grow at over 47.9%.

The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market.

Poised to reach over US$10.5 Million by the year 2025, Solution will bring in healthy gains adding significant momentum to global growth.

While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers.

Representing the developed world, the United States will maintain a 58.8% growth momentum.

Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.7 Million to the region’s size and clout in the next 5 to 6 years.

Over US$763.6 Thousand worth of projected demand in the region will come from other emerging Eastern European markets.

In Japan, Solution will reach a market size of US$586.9 Thousand by the close of the analysis period.

As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 45.3% over the next couple of years and add approximately US$2.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

For more information about this report visit https://www.researchandmarkets.com/r/2m95ef

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Why Remote Working and Artificial Intelligence are the Future of Global Business

Forget the old fashioned ideas of global business structure and start thinking about how your business could benefit and grow as a result of the perfect relationship between remote working and artificial intelligence.

Pop culture has already been filled with the notion of ‘robots’ taking jobs away from the human workforce and making people redundant of their roles, whilst it also scares business with images of remote workers showing hammocks and long cocktails whilst working from a laptop on a beach.  Fast forward to today, with the sharp incline in remote workers globally we are now seeing a different angle- how AI can help businesses and workers, and how remote work is creating more opportunities for a business to fulfill their global aspirations.

It’s true, that technology and especially AI has altered the workplace forever and we are now able to use it to predict, to design and to think as we initially program it to- but of course, it is there to think differently from a human- to not have any bias or prejudice.

Workers stuffing envelopes from the comfort of their own home,  digital nomads traveling a country whilst working, business development directors relocating to another country to expand a business into another region, or even teams placed elsewhere in the world to elevate support or even to start a globally dominating expansion strategy.

This development is a game-changer for any business which wants to be global, and in an era when a website gives the world access to your business- it’s amazing how quickly the working landscape is changing to meet the needs of 21st century business checklist;

When you couple this with the characteristically impartial and non-biased approach AI has, they are perfectly matched to help managers and C suite to make intelligence-based decisions from another perspective- without involving any ‘personal’ opinion- of course, providing the algorithm used hasn’t been programmed to use any bias.

Across the globe, managers are also using it to enable them to work smarter not harder by providing them with data and reports entirely run on macro like orders- but with the ability to accelerate and learn from its experiences.

Of course, should your company choose to work with Employer of Record partners, such as the Direct Employer of Record, Elements Global Services- they will give your company access to teams of experts in International Payroll, International Employer and Employee in-country Taxes, International Employment Law, Global Mobility and Visa options.  And by using their Employer of Record services a company can bypass the need for their own entity in-country, saving thousands- sometimes hundreds of thousands of dollars.