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Industry Landscape
The AI services industry is experiencing rapid growth, driven by increasing enterprise demand for automation, efficiency, and data-driven insights. It's shifting from basic AI to more complex, integrated solutions focusing on ROI, deep data integration, and custom functionality. Hybrid deployment models are gaining traction, reflecting diverse enterprise needs.
Total Assets Under Management (AUM)
Artificial Intelligence Market Size in United States
~Approximately 120 billion USD (2023 estimate for North America, a key part of the US market)
(37.3% CAGR)
- Driven by widespread adoption across sectors.
- Significant investment in GenAI and automation.
- Focus on real-world business applications.
Total Addressable Market
120 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI (GenAI) beyond LLMs
Generative AI is expanding beyond large language models to include multi-modal AI (text-to-image, text-to-video, etc.) and specialized generative models for code, data, and design, enabling more creative and complex automation.
AI TRiSM (Trust, Risk, and Security Management)
AI TRiSM focuses on building trustworthy AI systems by addressing explainability, model operationalization, privacy, and security, becoming crucial for responsible AI adoption and compliance.
Autonomous AI Agents
Autonomous AI agents can perform tasks independently, make decisions, and interact with various systems without constant human intervention, significantly enhancing automation capabilities across industries.
Impactful Policy Frameworks
NIST AI Risk Management Framework (AI RMF) 1.0 (2023)
The National Institute of Standards and Technology (NIST) AI RMF 1.0 provides voluntary guidance for managing risks associated with AI, promoting trustworthy and responsible development and use of AI systems.
This framework encourages Cod8 and its clients to adopt best practices for AI governance, explainability, and risk mitigation, potentially influencing product development and client demands for compliant solutions.
Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (2023)
President Biden's Executive Order directs federal agencies to establish new standards for AI safety and security, protect privacy, advance equity, and promote innovation in AI development.
The order will likely drive demand for AI solutions that prioritize safety, security, and ethical considerations, aligning with Cod8's focus on robust and integrated solutions.
American Data Privacy and Protection Act (ADPPA, proposed)
While not yet law, the ADPPA is a comprehensive federal privacy bill that aims to create a national standard for data privacy, including provisions for data minimization, consent, and consumer rights.
If passed, this act will necessitate that Cod8's AI solutions, particularly those handling sensitive enterprise data, incorporate enhanced privacy-by-design features and robust data governance to ensure compliance.
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