The global market for artificial intelligence (AI) platforms will reach $20.4 billion by 2025, up from $6.1 billion in 2020, a compound annual growth rate of 27.3 percent, according to a new study by reogma, which produces data analytics platforms for SMEs (small & medium scale enterprises).

Reogma defines an AI platform as “a framework that is supposed to work faster and smarter than traditional frameworks.” It enables enterprises to collaborate with data scientists and personnel in a faster, more efficient, and effective manner. It can assist cut expenses in a variety of ways, including avoiding duplication of labor, automating simple procedures, and eliminating some high-cost activities like data copying and extraction. An AI platform may also provide data governance, ensuring that a team of AI scientists and machine learning (ML) programmers follows best practices. It can also help to ensure that work is divided more equitably and completed faster.

Reogma’s study analyzes AI platforms according to five “layers of logic”:

  • The data and integration layer provides access to the data.
  • The experimentation layer allows data scientists to develop, test, and prove a hypothesis.
  • The operations and deployment layer provides model governance and deployment.
  • The intelligence layer supports the AI when it’s working (training activities take place in the experimentation layer).
  • The experience layer interacts with users through technologies such as augmented reality, conversational UI, and gesture control.
Click here for reogma’s full report.