Menu

IoT FEATURE NEWS

IDC Names IBM Worldwide AI Market Share Leader

By

For a third year in a row, IBM has been ranked the market share leader in the IDC Market Share: Worldwide Artificial Intelligence Market Shares, 2018: Steady Growth — POCs Poised to Enter Full-Blown Production report. The report ranked companies by their global AI revenue in 2018.

“IBM's recognition in IDC's report demonstrates the strength of our business and our leading position at the forefront of artificial intelligence,” said Beth Smith, GM, Watson AI, IBM. “As the AI market moves from experimentation to production, we're helping businesses integrate AI with their applications to make more accurate predictions, automate decisions and processes, and free up employees' time so they can focus on higher value work.”

According to the IDC, the worldwide AI market has grown 35.6 percent to $28.1 billion last year as a result of IBM’s announcements, initiatives and acquisitions. The computer corporation took the lead with 9.2 percent share of the overall market, as their revenue built up to $2.58 billion. This is 19 percent higher than the previous year. It was driven by growth across software, hardware and services.

IBM has made critical commitments to information architecture with the launch of IBM Cloud Pak for Data. This is a multi-cloud data platform that works on Red Hat OpenShift. IBM has also announced the availability of their program, Watson OpenScale to address bias detection and maintain trust and transparency in AI.

The company has brought to the market a line of Watson solutions and services pre-trained to benefit industries and professions. This includes agriculture, HR, supply chain, automotive and manufacturing. With Watson Anywhere, the associated products can run anywhere across hybrid multi-cloud environments. This eliminates vendor lock-in and allows companies to keep their data where it resides. 

“In 2018, IDC saw that organizations have been slowly moving from proof of concepts (POC) to full-blown production with the use of AI applications within the spectrum of business processes across the enterprise,” said Ritu Jyoti, Program VP, Artificial Intelligence, IDC. “The AI market is seeing significant growth in all the technology categories from software to hardware to services. IDC expects to see this trend continue, even though there are quite a few practical challenges for widescale adoption.”


Chrissie Cluney has been a correspondent for IoT Evolution World since 2015. She holds a degree in English with a concentration in writing from the College of Saint Elizabeth.

Edited by Ken Briodagh
Get stories like this delivered straight to your inbox. [Free eNews Subscription]
SHARE THIS ARTICLE
Related Articles

Today's Technology Do-Gooders: FlySense Vaping and Bullying Sensor from Soter Technologies

By: Alex Passett    6/5/2023

FlySense 286 from Soter Technologies addresses educational environments' needs to keep students safer when it comes to instances of on-campus vaping a…

Read More

From Semtech and Connected Development, the XCVR Development Board and Reference Design for IoT

By: Alex Passett    6/2/2023

Based on Semtech's LoRa SX126x Series, the XCVR Development Board and Reference Design simplifies design processes and reduces time-to-market for IoT …

Read More

At the KORE of Sustainability: Actioning Environmental Improvements in IoT

By: Alex Passett    6/1/2023

For KORE, smaller packaging means a decrease in plastic carbon emissions. This is just one measure KORE is taking to improve sustainability measures i…

Read More

ESG in IoT: Semtech Furthers Commitments to Global Sustainability

By: Alex Passett    6/1/2023

Semtech recently released its inaugural Corporate Sustainability report, detailing its operational impacts and how they affect sustainably supply chai…

Read More

Laird Connectivity Sensors and Iridium Edge Solar: A Partnership for Asset Ecosystems in IoT

By: Alex Passett    5/30/2023

Iridium Communications and Laird Connectivity are integrating respective technologies to enable longer-term IoT asset tracking, monitoring and managem…

Read More