AI To Almost Double Digital Economy Value By 2025: Huawei

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Artificial intelligence technologies are likely to almost double the value of the global digital economy and push it to $23 trillion by 2025, up from $12.9 trillion last year, according to the latest iteration of Huawei's Global Connectivity Index. Digital solutions accounted for over 17-percent of the world's GDP in 2017 and their importance is likely to continue growing moving forward, as per the Chinese tech giant, though its new study didn't attach any specific figures to that prediction, having been more focused on investigating broader trends.

The fifth edition of Huawei's GCI identified three key requirements to embracing AI on a massive scale – algorithms, computing power, and labeled data. While many countries have already secured all three, what everyone is lacking is AI developer talent, Huawei believes. Governments around the world should hence start thinking about restructuring education and supporting the job market in a way that won't see technological advancements inhibited due to a relative lack of people with knowledge of AI. Machine learning and related solutions are presently being embraced in a particularly aggressive manner in areas like cloud computing, data centers, and the Internet of Things, as per the same report. For the first time ever, every nation encompassed by GCI saw its rating improve year-on-year, though 29 of them have only now been added to the study whose latest edition encompasses 79 markets.

In addition to photography, AI has been Huawei's main focus in the mobile industry over the last several years, with all of the company's recently released flagships debuting major improvements in both segments. Both are consequently becoming more prominently featured by Huawei's marketing team that's now boasting of AI selfies and smartphone-driven cars. The Shenzhen-based original equipment manufacturer is expected to continue investing in AI moving forward and maintain its efforts to implement such technologies into both its consumer and enterprise products and services.

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