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| 10 Machine Learning Startups to Watch These startups are applying artificial intelligence techniques to business intelligence, big data, cybersecurity, APM, autonomous vehicles, healthcare and more. Photo: Pixabay |
According to the latest forecast from IDC worldwide spending on cognitive and AI solutions, include machine learning solutions, is likely to achieve a compound annual growth rate (CAGR) of 50.1 percent from 2016 to 2021. In 2017, total revenue in the market was $12.0 billion, 59.1 percent higher than in 2016. By 2021, the analysts predict that revenues could hit $57.6 billion.
Large technology companies like IBM, Microsoft, Google, Apple, Facebook, Salesforce and Amazon have been investing heavily in AI and machine learning. They each have armies of researchers devoted to advancing machine learning capabilities, and they are also acquiring machine learning startups at a frantic pace.
For example, in 2017, Google bought machine learning competition platform Kaggle and India-based Halli Labs, which made machine learning to fix "old problems." Microsoft acquired Maluuba, which had impressive deep learning and reinforcement learning capabilities. Apple snapped up Lattice Data, which used machine learning to make unstructured data more structured, and Amazon reportedly purchased cybersecurity-focused machine learning startup Harvest.ai. And that's just a handful of the biggest machine learning acquisitions of the year.
With more software vendors and enterprises looking to add machine learning capabilities to their applications in 2018, the startup buying spree will almost certainly continue. And entrepreneurs continue to found new machine learning startups at a very rapid rate.
Which of these machine learning startups look the most promising? Here are ten that seem particularly noteworthy and worth watching in 2018.
Source: Datamation
