AI and Big Data will be Integral Components of Future Defence Procurement and Support Spending
Overall spending to grow to over $770 billion by 2026
Artificial Intelligence (AI) and Big Data is beginning to have transformative effects on military capabilities. The Strategy Analytics Advanced Defense Systems (ADS) service report, “Global Defence Spending Outlook 2016-2026,” forecasts the global defense budget will approach $2.41 trillion in 2026, with the opportunities available to industry growing at a CAGR of 3.5%.
AI and Big data analytics will be integral components of future defense procurement and support budgets which will grow to over $770 billion in 2026.
“AI and big data opportunities will span situational-awareness, remote-sensing, precision targeting, combat platform/system effectiveness, battlefield-maneuver, logistics, decision-making (command and control) and cyber security,” noted Asif Anwar, ADS Director at Strategy Analytics.
“The UK’s Defence Science and Technology Laboratory (DSTL) is working on developing a big data platform, and also launched a challenge in 2017 to develop an automated system that will identify and classify vehicles from satellite imagery, while the UK’s Royal Navy is pursuing Project Nelson to exploit and enable developments in AI across the whole naval enterprise.”