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Causal AI Market Trends

Report ID: GMI10231 Published Date: July 2024Report Format: PDF
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Causal AI Market Trends

A key trend in the causal AI industry is the emphasis on explanation and transparency. As AI systems are increasingly used in critical decision-making processes, stakeholders naturally demand models that provide clear and meaningful explanations for their predictions Causal AI models by focusing on cause-and-effect relationships and providing positive explanations, addresses the growing demand for transparency in AI applications.

Applications, such as risk management, fraud detection, and in finance strategies, are gaining momentum in business and economy. Companies can make informed decisions, improve efficiency, and reduce risks by understanding causal relationships. The mainstream finance sector is harnessing the effects of causal AI to forecast market dynamics, assess credit risks, and make more efficient investments.

There is a growing trend to integrate the resulting AI techniques into existing machine learning and AI platforms. This integration enhances the capabilities of traditional AI models by incorporating causal modeling, enabling more accurate predictions and better decision making. Large AI platforms have begun to incorporate, and deliver, causal modeling tools making it is easier for organizations to adopt and implement causal AI solutions.

Author: Suraj Gujar, Deeksha Vishwakarma
Frequently Asked Question(FAQ) :

Who are the major causal AI industry players?+

Amazon.com, Inc, Facebook, Inc, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, and SAP SE among others.

Why is the causal AI market growing in North America?+

North America market accounted for over 35% share in 2023, as the regulatory environment encourages the use of transparent and interpretable AI solutions that conform to legal standards and ethical guidelines.

How much is the causal AI market worth? +

The market size of causal AI reached USD 28.9 million in 2023 and is set to witness 40% CAGR between 2024 and 2032, as it enhances predictive accuracy by distinguishing between correlation and causality in data analysis, which is helpful in predicting outcomes with certainty.

Why is the demand for causal AI platforms rising?+

The platform segment of the causal AI industry is expected to reach over USD 362 million by 2032, as it offers integrated solutions that combine causal inference capabilities with the existing AI and ML tools.

Causal AI Market Scope

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