6 | | AUGUST - 2022The artificial intelligence (AI) market valuation is slated to increase from USD 387.45 billion in 2022 to USD 1,394.30 billion by 2029, growing at a CAGR of 20.1 percent (2022-2029). In the years ahead, increasing investments in AI technology are anticipated from businesses of all sizes and across various industries. Simultaneously, the global AI Infrastructure market generated revenue of about 21.7 US billion in 2020, and it is anticipated that it will generate 82.1 US billion by 2028, with a CAGR of around 28.1 percent from 2021 to 2028. The robotics industry is witnessing significant transformation owing to AI, particularly computer vision and machine learning. To be competitive in a global market, companies are looking at fully autonomous robots that can sense, interact, and think about their surroundings. Automation fueled by artificial intelligence has been effective in several industries, including healthcare, aviation, agriculture, energy, and material handling. Alongside automating business-critical processes, AI is frequently used to diagnose equipment malfunctions and identify product anomalies. Additionally, advancements in Artificial Neural Networks (ANN) and profound learning have accelerated the use of AI in different sectors, including aerospace, manufacturing, and automotive. These developments all assure the growth of the worldwide AI market over the anticipated time frame. During the global outbreak, AI became a highly sought-after technology in the healthcare industry, addressing pandemic-related difficulties, and supplying accurate and efficient models for improved outcomes. AI is poised to revolutionize business like never before, opening up new opportunities for business owners, executives, and employees across all sectors. As more businesses and research institutions adopt new tools, processes, and technologies to spur creativity, the usage of AI will continue to rise. Business strategy, customer service, market research, advertising, predictive maintenance, autonomous vehicles, video surveillance, medical, and other areas have already benefited from the deployment of AI systems.This issue offers a combination of thought leadership articles from Boon Siew Han, CIO, Asia Pacific, Schaeffler, with real-life stories on fostering robust partnerships and exclusive insights from VCs and CXOs. The magazine also features innovative solutions from companies, including InterVenn and Systema. We present to you the top artificial intelligence solutions providers in APAC and the most promising artificial intelligence startups in APAC for the year 2022.Let us know your thoughts.EditorialAI Pushing the Boundaries of Innovation Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@cioreviewapac.comeditor@cioreviewapac.commarketing@cioreviewapac.com AUGUST - 05 - 2022, Vol 11, Issue - 48 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReview ApacVisit www.cioreviewapac.com Editorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasVisualizersChris Lynn*Some of the Insights are based on our interviews with CIOs and CXOsPaul John Managing Editoreditor@cioreviewapac.comManaging EditorPaul JohnSalesAnnie Mathewsannie.mathews@cioreviewapac.com Dane Stanley Gilbert Hoover Wilfred Lawson Joshuva LawrenceJaxon Jase
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