Strategy Analytics: AI and Big Data will be Integral Components of Future Defense Procurement and Support Spending

Overall spending to grow to over $770 billion by 2026

BOSTON--()--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 Defense 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. Strategy Analytics has teamed with Defence IQ for the Big Data for Defence Summit which will be held from 26th - 28th June in London and takes place in partnership with the UK MoD Defence and Security Accelerator (DASA). The event will bring together the military requirement and civilian capabilities necessary to build future proficiency in AI and big data, and enable cognitive support to operators and users from the tactical front-line to the logistical backend.

“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.”

The Big Data for Defence Summit will host expert speakers including Colonel Jerome Lemaire, Head of Digital Transformation of Defense Systems and Integration of AI, Directorate-General for Armaments (DGA), French Ministry of the Armed Forces discussing maintaining cyber security in European Army structures, and Mario Blokken, Head Permanent Secretariat, European Center of Army Operability who will outline the challenges in protecting data, and the applications of AI platforms in the cyber domain.

The full conference agenda is available here or email enquire@iqpc.co.uk for a copy. The conference will be attended by senior decision makers from across industry, bringing together buyers and suppliers in one location. Focused and high-level, the event will be an excellent platform to initiate new business relationships. With tailored networking, attendees can achieve the face-to-face contact that overcrowded trade shows cannot deliver.

Secure your place online here or call Defence IQ on +44 (0) 207 036 1300 for more information.

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com

Contacts

Strategy Analytics
European Contact:
Asif Anwar, +44(0) 1908 423 635
aanwar@strategyanalytics.com
or
US Contact:
Eric Higham, +1 617-614-0721
ehigham@strategyanalytics.com

Contacts

Strategy Analytics
European Contact:
Asif Anwar, +44(0) 1908 423 635
aanwar@strategyanalytics.com
or
US Contact:
Eric Higham, +1 617-614-0721
ehigham@strategyanalytics.com