Rajendra

I write columns on news related to bots, specially in the categories of Artificial Intelligence, bot startup, bot funding.I am also interested in recent developments in the fields of data science, machine learning and natural language processing ...

Full Bio 
Follow on

I write columns on news related to bots, specially in the categories of Artificial Intelligence, bot startup, bot funding.I am also interested in recent developments in the fields of data science, machine learning and natural language processing

This asset class turned Rs 1 lakh into Rs 625 crore in 7 years; make a wild guess!
741 days ago

Artificial intelligence is not our friend: Hillary Clinton is worried about the future of technology
745 days ago

More than 1 lakh scholarship on offer by Google, Know how to apply
746 days ago

Humans have some learning to do in an A.I. led world
746 days ago

Human Pilot Beats Artificial Intelligence In NASA's Drone Race
747 days ago

Google AI can create better machine-learning code than the researchers who made it
73476 views

More than 1 lakh scholarship on offer by Google, Know how to apply
60372 views

13-year-old Indian AI developer vows to train 100,000 coders
41730 views

Pornhub is using machine learning to automatically tag its 5 million videos
37869 views

Rise of the sex robots: Life-like doll goes on sale for 15,000 pound
34635 views

Here are 7 big data, artificial intelligence stock ideas from Bank of America

By Rajendra |Email | Aug 31, 2017 | 7128 Views

Analyzing the large amounts of data created by internet-connected devices will be a huge market in the coming decades, according to a top Wall Street firm.

Bank of America Merrill Lynch says the artificial intelligence and so-called big data analysis trends will also have dramatic ramifications for business and markets.

"We are living in an exponential age where ubiquitous connectivity and decreasing cost are leading to the digitization and datafication of most activities," equity strategist Beijia Ma wrote in a note to clients Tuesday.

Big data, which refers to computers analyzing large amounts of information for patterns and associations, and artificial intelligence are as critical to this trend as the internet and smartphones, she added, and "set to propel the 5th wave of IT-driven productivity growth."

Ma estimates the big data market is set to reach $210 billion by 2020, and "AI will be the single largest driver of tech spend over the next decade."

Some 90 percent of the world's data was created in the last two years, Ma said. This will only accelerate, and she predicts internet-connected devices will double in number every two to three years, rising to 1 trillion by 2035.

The strategist said the "untapped potential is huge" for big data and AI computing as only 0.5 percent to 1 percent of data generated so far has been analyzed.

To take advantage of the trend, here are seven buy-rated companies that Bank of America Merrill Lynch recommended.


Source: CNBC