Dive Brief:

• An algorithm created by an India-based company correctly predicted President-elect Donald Trump’s victory in the presidential election last week, according to a ZDNet report. Meanwhile, almost every major poll incorrectly predicted Democratic nominee Hillary Clinton would be president. 

• The algorithm, known as MogIA, made the prediction on October 28.

• MogIA scanned data from social media and other technology platforms including Google, Facebook and Twitter to make its predictions.

Dive Insight:

While all the major pollsters got the election results wrong, putting Clinton in the lead by significant margins, the artificial intelligence program picked up on broad support for Trump.

"While most algorithms suffer from programmers/developer's biases, MoglA aims at learning from her environment, developing her own rules at the policy layer and develop expert systems without discarding any data," MogIA creator Sanjiv Rai told CNBC.

MogIA was born in 2004 and has improved consistently since then, demonstrating the potential value of AI programs.

AI is rapidly gaining appeal in the enterprise. Gartner recently predicted AI and machine learning will be one of the top technology trends for 2017. The research firm expects the tech will be used in everything from devices to apps and services, employed by both consumers and businesses alike.

Worldwide revenue from artificial intelligence-based systems is expected to grow from $8 billion this year to more than $47 billion in 2020, IDC projects.