I've been working on a bottoms-up analysis of the Generative AI software market for the past few months with colleagues and we've now published our report. The headline is that the market is set to exceed $36bn in aggregate revenues by 2028, with a 58% CAGR between 2023 and 2028. The report is based on… Continue reading New Generative AI Software Market Forecast →

The post New Generative AI Software Market Forecast appeared first on Nick Patience.

I've told the origin story of 451 Research before here and it's become one of the most-read posts on this blog. Now you can listen to the story, as well as I read my interpretation of it in a new podcast from S&P Global called Next in Tech. The first two episodes are short conversations… Continue reading The 451 origin story – now in podcast form →

The post The 451 origin story – now in podcast form appeared first on Nick Patience.

So almost 20 years to the day since we incorporated 451 Research, ¹ our scrappy startup effort of an analyst company with the funny name that people used to get wrong has been sold to a new owner. The press release… Continue reading My thoughts on joining the S&P Global family →

1. December 23 1999, I remember as I was the one that signed the necessary documents

The post My thoughts on joining the S&P Global family appeared first on Nick Patience.

In May last year I pointed out the huge breadth and depth of research coverage of machine learning we have here at 451 Research. It's time to update that, using the 'further reading' list from our recently-published annual report, The Current and Future State of AI and Machine Learning 2019. I started covering machine learning in… Continue reading At 451 Research, we’ve got AI & machine learning covered (part 2) →

The post At 451 Research, we’ve got AI & machine learning covered (part 2) appeared first on Nick Patience.

The name of our company was inspired by the science-fiction novel Fahrenheit 451 by Ray Bradbury, originally published in 1953. The idea for the company name itself was thought up by Simon Carruthers - one of the four founders of the company, along with John Abbott, William Fellows and myself -  in a pub we… Continue reading The story behind the ‘451’ name →

The post The story behind the ‘451’ name appeared first on Nick Patience.

AI and machine learning should not be an end in itself for organizations; it should be adopted for sound business reasons. And as an omni-use technology, we see that happening in all sorts of industries and use cases - from agriculture to space exploration. But as it begins to be adopted we see the use… Continue reading AI use cases in four key industries →

The post AI use cases in four key industries appeared first on Nick Patience.

Today marks the official launch of 451 Research's new survey products focused on AI & Machine Learning, called Voice of the Enterprise (VotE) AI & Machine Learning: Adoption, Drivers and Stakeholders 2018. I made a video explaining more about it, which you can see via Twitter here.  I'm very excited about this launch because while it's… Continue reading What is the Voice of the Enterprise saying about AI & Machine Learning? →

The post What is the Voice of the Enterprise saying about AI & Machine Learning? appeared first on Nick Patience.

I started covering machine learning in earnest at 451 Research way back in 2001, focusing initially on machine learning-driven text analytics used for national security applications. Most of the companies I covered back then are gone via acquisition or expiration, but there are now orders of magnitude more to cover. I cannot list all the companies… Continue reading At 451, we’ve got AI & machine learning covered →

The post At 451, we’ve got AI & machine learning covered appeared first on Nick Patience.

My new report from 451 Research - 'The Current and Future State of AI and Machine Learning' brings together the key points about AI & ML I've been writing, speaking to clients and presenting about for the past two years. If you agree that technology adoption - like so many other trends - takes the form… Continue reading The Current & Future State of AI & Machine Learning →

The post The Current & Future State of AI & Machine Learning appeared first on Nick Patience.

With the whole of IBM now marching to its cognitive computing message, the company's Insight conference in Las Vegas was always going to be heavily influenced by analytics, Watson Analytics in particular. After all, it is the combination of advanced analytics – including text analytics and machine learning – in that product that is likely… Continue reading IBM’s forecast calls for more cloud-based analytics and cognitive computing →

The post IBM’s forecast calls for more cloud-based analytics and cognitive computing appeared first on Nick Patience.