article thumbnail

Six Food Techology Trends That Can Help Make a Better World

The Product Coalition

According to Mordor Intelligence, the use of AI in the food and beverage business will expand from $7 billion in 2023 to $35 billion by 2028. According to McKinsey & Co.’s s 2022 State of AI survey, usage of AI models in commercial applications has more than doubled since 2017 — and investment has kept pace.

article thumbnail

How AI Transformation Impacts the Digital Marketing Industry

The Product Coalition

billion by 2028. This necessitates more deliberative AI tool development and training with diverse data in order to eliminate bias. In 2021, the AI transformation in the marketing market was projected to be worth $15.84 billion U.S. The source predicted that the value would surpass $107.5

article thumbnail

Augmented Reality Apps: What Lies Ahead of Future Vision?

The Product Coalition

Augmented reality app development: Statistics (Update 2023) The current value of the augmented reality app market stands at $3.5 By 2028, augmented reality apps will generate $340 billion in revenue. By 2024, there will be 1.73 billion people who use augmented reality apps on their phones. They carry a possible cost.