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. These findings were released recently. 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.

Gartner defines augmented intelligence as a human-centred partnership model of people and AI working together to enhance cognitive performance. This includes learning, decision making and new experiences. "Augmented intelligence is all about people taking advantage of AI," says Svetlana Sicular, research vice president