The Latin America, Middle East and Africa Decision Intelligence Market would witness market growth of 19.9% CAGR during the forecast period (2022-2028).
Decision automation, which minimizes the need for human involvement in the decision-making process, is the third step. Machines operate autonomously at this level, performing both the decision and execution steps. They use various technologies, including rules, optimizations, and forecasts based on artificial intelligence (AI), to make autonomous judgments in the first stage.
The decisions are automatically implemented in the second step without human intervention. Instead, humans keep a close eye on the big picture, keeping track of hazards and any unexpected activity while routinely assessing results to make the system better. All three modes of operation should be available in an efficient DI system (i.e., support, augmentation, and automation).
As users gain confidence in the system and its capabilities, they can advance through the stages of automation. Additionally, it allows reducing the level of automation as necessary, such as in the case of unexpected occurrences like the Covid-19 outbreak, when sales data from the previous year was no longer applicable, and machine-learning forecasts based on it were no longer useful.
When it comes to the adoption of artificial intelligence solutions, UAE businesses display a significant advantage in terms of both maturity and proactivity. "UAE AI strategy 2031 is marking a new level of innovation, and the government is considering making investments in the newest AI technologies & tools to improve performance, efficiency, and fuel growth. In a survey of UAE CEOs conducted in late February 2019, it was discovered that 47% of the country's higher-growth enterprises and 15% of its lower-growth firms were utilizing AI. This indicates that higher-growth organizations have much more advanced AI than the worldwide average. Therefore, these factors are fueling the market for decision intelligence in LAMEA region.
The Brazil market dominated the LAMEA Decision Intelligence Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $412.6 million by 2028. The Argentina market is experiencing a CAGR of 20.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19.6% during (2022 - 2028).
Based on Deployment, the market is segmented into Cloud and On-premise. Based on Component, the market is segmented into Platform, Solution and Services. Based on Platform Type, the market is segmented into Integrated and Standalone. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Healthcare, Retail & Consumer Goods, Manufacturing, Government & Defense, Energy & Utilities, Transportation & Logistics and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Decision Intelligence Market is Predict to reach $26 Billion by 2028, at a CAGR of 17.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Microsoft Corporation, Intel Corporation, Google LLC (Alphabet Inc.), Domo, Inc., Board International S.A., Provenir, Pyramid Analytics BV, and H2O.ai, Inc.
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