More than $125 billion has been invested in artificial intelligence (AI) and big data startups in the last five years. Nearly 150 acquisition deals have been signed in the AI space in the last five years. Is all of this activity surrounding AI and big data just hype? Are these startups here to stay? Can they really solve clients’ problems and improve their profitability as they claim? In this report, we develop a taxonomical classification of AI startups and analyze entrepreneurial and investment activity in this space to answer some of the above questions. We provide an outlook on how clients can expect this space to evolve and how it can impact their decisions.
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