Blog: Global Insight Engines Market — Industry Trends and Forecast to 2026
The Insight Engines can be defined as new solution that used for extracting the valuable insights from the data provided by the users or business. These insights further incorporate in the business process for taking the decision for business that helps business to stay competitive in the market. For performing this task these insights engines uses methods of artificial intelligence for collecting corporate knowledge, and gaining insights from the information provided by business. The main purpose is to deliver, tracking and monitoring accountability and also used to navigate the performance of the financial crisis. The insight engines offer a wide range of applications in retail and e-commerce, healthcare, telecom and IT, banking, financial services, and insurance and others.
Global insight engines market is expected to register a healthy CAGR of 24.1% in the forecast period of 2019 to 2026.
Segmentation: Global Insight Engines Market
The global insight engines market is segmented into following notable segments which are insight type, deployment type, component, organization size, application, and industry vertical.
- On the basis of insight type, the market is segmented into prescriptive insights, predictive insights, and descriptive insights. In 2018, Predictive Insights segment is likely to dominate market share and estimated to grow with the highest CAGR in the forecast period of 2019 to 2026.
- In September 2018, IBM Corporation had launched an AI-powered insight engines for customer relationship management, in partnership with Salesforce. These services help salesforce’s customer-focused platform integrates with Watson’s Neuro-linguistic programming. This insight engines further helps salesforce to resolve customer issues.
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