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5 Rising Technology ETFs in 2019
The concept of artificial intelligence (AI) is likely to accelerate in the years to come. Global spending on AI is forecast to reach near $60 billion by 2021, attaining a compounded annual growth rate of about 50% from 2016-2021.
A few examples of AI and machine learning application include: suggesting movies for users-Netflix ( – Free Report) , recommend products for customers-Amazon ( – Free Report) , suggesting events for members- Facebook ( – Free Report) , self driving cars-Waymo and smart speaker and voice assistant-Google Home/ Amazon Echo.
In 2019, flexible consumption models would continue to be a tailwind for AI and cloud computing adoption. As a part of their digital transformation initiatives, about 60% of the enterprises are expected to shift their IT systems to cloud.
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