Spending on AI and Big data analytics, which will be integral components of future defense budgets, by defense departments will grow to over $770 billion in 2026.
The global defense budget will be $2.41 trillion in 2026, growing at a CAGR of 3.5 percent, Strategy Analytics said.
The report did not mention about the current spending on AI and Big data analytics by defense departments globally.
Strategy Analytics has joined hands with Defence IQ for conducting Big Data for Defence Summit from 26-28 June in London. UK MoD Defence and Security Accelerator (DASA) is supporting the defense event.
“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,” said 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.
UK’s Royal Navy is pursuing Project Nelson to exploit and enable developments in AI across the whole naval enterprise.
Some of the main speakers at the Big Data for Defence Summit include Jerome Lemaire, head of Digital Transformation of Defense Systems and Integration of AI, Directorate-General for Armaments (DGA), French Ministry of the Armed Forces, and Mario Blokken, head Permanent Secretariat, European Center of Army Operability.