-- A smart advisor, also called a smart advisor program, is an application program that is used to understand the natural language and complete all the electronic tasks for an end user. Such a task, which can be performed by a smart advisor and were performed by personal assistants in past, includes taking dictations, reading texts or emailing messages aloud, look up for phone numbers, anticipate requests, place calls and remind the end users about the appointments. Today's smart advisors are programmed with the artificial intelligence, voice recognition and machine learning technology. As the end users interact with their smart advisors, the Artificial Intelligence program uses the sophisticated algorithm for learning from data inputs and becomes better in the prediction of an end user's need. Tomorrow's smart advisors would be built on a modern cognitive computing technology which allows a smart advisor understanding and carrying out multi-step request and then performs more complex task like making a plane reservation. Smart advisors are a contrast to other type of consumer facing Artificial Intelligence programming called digital assistants. Smart advisors are subject oriented, on the other hand digital assistants are task oriented. For Example a Smart Advisor enables an organization to automatically identify physician with the highest or lowest cost and performance. By use of an intelligent IT (Information Technology) platform, a Smart Advisor filters the entire population of physicians in the database to extract out only those physicians which are warranting assessment based on statistical significance level, case load volume, and other key criterias.
North America is the largest market for smart advisors and is anticipated to be the largest market in the coming years owing to the increasing use of technology. Asia Pacific is the fastest growing market for the automated optical inspection systems in the region owing to the rise in application of the technology in different industries in the region.
In 2018, the Global Smart Advisors market size was 950 million US$ and it is expected to reach 11100 million US$ by the end of 2025, with a CAGR of 35.9% during 2019-2025.
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Smart Advisors Market is categorized on the basis of following product types:
(Each product type is covered in the terms of growth rate, market size, regional market size analysis, market size forecast, etc.)
• Software
• Services
Smart Advisors Market is studied for the following applications:
(Each application is covered in the terms of market share, market size, regional market size analysis, market size forecast, etc.)
• Financial Services
• Healthcare
• Consumer Electronics
• Retails
• Travel & Hospitality
• Government
• Education
• Others
Key companies profiled in this report are Artificial Solutions, Nuance Communications, Bm Watson, Next It, Creative Virtual, Egain, Cx Company, Codebaby, Speaktoit and more. These companies are profiled in the terms of company basic details, business overview, product knowledge, historical revenue and recent developments.
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Through the various topics covered in this report; it provides key insight of the market like Market size and share by regions, trends, driver, opportunities, revenue, market share of companies, their products, mergers & acquisitions, market size by types & applications for United States, Europe, China, Japan, Southeast Asia, India, and Central & South America. With this strong base, this report also provides the estimated forecast to 2025 by product types, applications and by regions.
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