M&A Quarterly Market Report: Q1'21 Review and 2021 Outlook – Artificial Intelligence

The outbreak of COVID-19 has severely impacted every industry directly or indirectly. The crisis has forced the organizations to fast-track technological upgradation and expand their scope of Artificial Intelligence (AI) to ensure business continuity. In 2020, there has been significant increase in AI adoption with more and more organization accepting AI and using it to their advantage rather than viewing it as a threat. In 2021, rapid growth in the AI investments across industries is expected. Not only the mainstream industries such as retail and manufacturing but industries like energy and agriculture will also show growth in the adoption of AI applications. With the correct approach for AI adoption and awareness about proper data security measures, organizations can leverage AI to stimulate economic growth.