Wednesday, 14 August 2019 13:30

SAS achieves big jump in AI software revenues: analyst

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SAS achieves big jump in AI software revenues: analyst Image David Castillo Dominici, FreeDigitalPhotos.net

Analytics firm SAS achieved 105% growth in Artificial Intelligence (AI) revenues in 2018 – four times faster than the overall AI software market – to rank second globally, according to one analyst firm.

The report from IDC - Worldwide Artificial Intelligence Software Platforms Market Shares, 2018: Steady Growth — Moving Toward Production – reveals that, along with the SAS leap in revenues, the overall worldwide AI platform software market saw steady growth last year.

“SAS had impressive growth in the artificial intelligence market, no doubt as a result of its leadership in analytics,” said David Schubmehl, Research Director, Cognitive/Artificial Intelligence Systems at IDC.

“As organisations move from experimentation to production in AI to solve their business problems, many are looking for a trusted vendor that offers analytics expertise and domain knowledge.

“SAS’ embedded AI capabilities and integration with open source technologies allows organisations to take advantage of the technology to automate processes, without the heavy lifting of training AI models.”

To continue fostering innovation and progress in an expanding market, IDC says SAS has committed to invest $1 billion in AI over the next three years, with the $1 billion investment focusing on three main areas:

1. research and development (R&D) innovation to continue to build on the success of SAS’ global AI efforts
2. education initiatives addressing customer and partner needs to better understand and benefit from AI
3. expert services to optimise customer return on AI projects.

Jim Goodnight, CEO of SAS, says that “AI has been an integral part of SAS software for years”.

“Today we continue to move beyond the hype to make AI real for our customers, building on our strong foundation in advanced analytics.

“From machine learning, deep learning, computer vision and natural language processing to forecasting and optimisation, SAS helps customers in many industries benefit from AI technologies and the intelligence they create.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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