Applications for computer vision have been expanding at a rapid pace over the last decade to reach a frantic level with the onset of the COVID-19 pandemic. Organizations now invest heavily in AI-driven solutions, from retail software
and healthcare platforms
to advanced manufacturing and government systems. Many are even concerned that AI technology is moving too fast for them, according to a survey of business leaders conducted by KPMG.
While there is still an overall lack of AI regulation that comes with AI explainability challenges
and bias risk, computer vision technology is a safer playing field due to its maturity. Given the investment speed and immediate benefits delivered by computer vision implementation, the worldwide market of computer vision solutions is projected to grow at a CAGR of 7.6%
to $19.1 billion from 2020 to 2027.
We’ve compiled a list of industries and use case examples to demonstrate how companies leverage advanced computer vision techniques to boost their results: