AI, more specifically machine learning (ML), is a hot topic for every forward-thinking enterprise right now. The insights gained from analysing enterprise data are fast becoming a critical differentiator in enabling organisations to identify new opportunities, cut costs, and stay ahead of the competition. AI-driven systems are already demonstrating significant benefits to organisations willing to invest in them.
AI and blockchain are both cutting edge technologies, with the potential for significant value when combined, and today we see huge interest in the adoption of both, with spending expected to grow substantially over the next 2-3 years. IDC1 projects that annual global spending on AI is projected to reach $98 billion by 2023, and spending on blockchain solutions will reach US$16 billion by 2023. By combining blockchain and AI we have the potential to open up new and disruptive models for trusted data sharing data, enabling monetisation of new and untapped legacy data.
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