The technology industry is driven by the widespread adoption of artificial intelligence (AI) and the need for accurate pattern recognition, classification, and prediction tasks. GlobalData’s report on Innovation in Artificial Intelligence: Radial basis function (RBF) neural networks has revealed that there are over 3.6 million patents filed and granted in the technology industry in the last three years. GlobalData’s Technology Foresights has identified 300+ innovation areas that will shape the future of the industry, with finite element simulation, machine learning (ML) enabled blockchain networks and generative adversarial network (GAN) in the emerging innovation stage, and demand forecasting applications, intelligent embedded systems, and deep reinforcement learning in the accelerating innovation stage.