Technology Magazine November 2017 | Page 18

TECHNOLOGY
seen as chief beneficiaries . A headline finding is that the insurance industry is outspending every other sector with an average annual investment of $ 124mn . This is followed by fast-moving consumer goods ( FMCG ) and hightech companies , which averaged a spend of $ 94mn on AI projects . Industries rushing to catch up include media services and healthcare . But the study suggests they ’ re doing just that , with greater relative increases in AI investment across these sectors than any others by 2020 .
Perhaps surprisingly given the tenor of most media commentary around industrial AI , most firms report few concerns over the impact of AI on
18 November 2017