In this digital age, the adoption of smart, data-driven technologies in enterprise applications is happening at an unprecedented rate, disrupting traditional workplace strategies and changing the business landscape like never before.
At the forefront of all disruptive technologies is artificial intelligence (AI) and its subset, machine learning (ML). Business leaders agree that both artificial intelligence and machine learning are key drivers of the Industry 4.0 revolution.
From healthcare to automotive, agriculture to hospitality, manufacturing to education, AI is increasingly impacting every industry. This technology enables organizations to increase efficiency, reduce costs, improve customer experience, increase revenue, and gain competitive advantage in the marketplace.
AI-powered services and solutions such as virtual assistants, chatbots, facial recognition systems, voice search, and self-driving cars are no longer the stuff of yesterday's science fiction. They are now a reality, affecting every aspect of the modern world.
The following artificial intelligence statistics provide a comprehensive overview of the current state of AI and the opportunities it presents in the future. But before we delve into the artificial intelligence statistics, let's first take a look at some amazing artificial intelligence facts that will leave you in awe.
Facts about artificial intelligence
- AI-enabled devices are everywhere. Almost 77% of devices now use some form of AI technology.
- The growth of AI startups has accelerated 14 times since 2000. And we are confident that more startups are emerging every year.
- Business leaders believe in the power of AI to drive growth. His 84% of executives believe they need to adopt and leverage artificial intelligence to drive growth goals.
- The global AI market is rapidly growing. It is expected to reach $190.61 billion by 2025 at a compound annual growth rate of 36.62 percent.
- By 2030, artificial intelligence is expected to add $15.7 trillion to global GDP, pushing it up by 14%.
- There will be more AI assistants in this world than humans. According to predictions, by 2024 there will be 8.4 billion digital voice assistant units powered by AI in the world, which is more than the world's total population.
Artificial intelligence statistics that will be important in 2023
1. Large companies are more likely to adopt an AI strategy
MIT Sloan's artificial intelligence statistics show that 75% of top executives believe AI can help their organizations grow and gain a competitive edge.
2. Most consumers believe that AI will improve their lives.
According to a study by Strategy Analytics, 41% of respondents in India, China, Western Europe, and the United States feel that emerging AI technologies will make their lives better.
3. Many people don't realize they're using an AI platform
One of the strange facts about artificial intelligence is that only 34% of consumers perceive themselves to have direct experience with AI, according to a study published by Pegasystems. However, when we looked at the technology they were using, we found that 84% were actually using artificial intelligence. More devices and services will be powered by AI.
4. Almost every smartphone user has an AI voice assistant.
According to a study by Creative Strategies, 96% of Android consumers and 98% of iPhone consumers use Google and Apple's AI-based digital assistants, “Ok Google'' and “Siri.'' The survey also found that 51 percent of consumers use a digital assistant in their car, 39 percent at home, 6 percent in public places, and 1.3 percent at work. I did.
5. Voice search functionality becomes widespread
Thanks to technological advances in the field of voice recognition, AI-powered voice search capabilities on smartphones, smart speakers, and other voice-enabled gadgets are becoming increasingly mainstream. Current artificial intelligence statistics show that 41% of people who use smart devices use voice search functionality at least once a day.
6. Asset maintenance is at the forefront of AI automation
According to artificial intelligence statistics published in a Capgemini study, the most popular AI use cases in the manufacturing sector include predicting when machines are likely to break down and determining the best time to perform maintenance. Contains recommendations. According to the study, approximately 29% of AI applications in manufacturing are used to keep production assets up and running.
7. Introduction of AI will help companies maximize profits
Danone SA, a French multinational food company based in Paris, is deploying artificial intelligence to predict and plan demand for its packaged food products. According to a report from Forbes, by implementing AI, Danone was able to reduce forecast errors by 20% and product obsolescence by 30%.
8. Leading retailers aim to implement AI in 2023 to drive price optimization
Recognizing the fact that 60% of consumers choose the cheapest offer, major retailers will optimize the pricing of their products, according to statistics on artificial intelligence published in a study published by IBM. The company plans to introduce an AI system by 2021 for this purpose.
9. Consumers will adopt chatbots to improve business communications
Gartner, Inc., a leading research and advisory firm, predicts that over the next decade, AI-powered proactive chatbots will improve the customer experience by anticipating customer needs and connecting with them on an emotional level. doing. According to Gartner, advanced chatbots will be able to handle 95% of customer interactions, reducing human involvement to 5%.
10. Chatbots are already gaining traction
According to a global study by Liveperson, 38% of consumers surveyed gave positive feedback regarding their perception of chatbots. His 51 percent of end users took a neutral position, while the remaining 11 percent expressed a negative view.
11. AI can boost operating profits in the auto industry
According to Capgemini's Accelerated Automotive AI Transformation Report, major automakers can increase operating profits by 16% by implementing artificial intelligence in their production facilities and supply chain operations. Benefits come from reduced operating costs such as raw materials, labor, management, logistics, maintenance, and inspection.
12. By 2030, AI will contribute significantly to the GDP of the world's major economies
According to artificial intelligence statistics released by the Statista Research department, the contribution of AI to China's GDP will be 26.1% by 2030, the highest in the world, followed by North America (14.5%) and the United Arab Emirates (13.5%). becomes.
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The World Economic Forum's Future of Jobs Report 2020 states that by 2025, increased adoption of technology will transform many jobs, tasks and skills. According to the study, 43% of companies plan to reduce their workforce as a result of technology integration. The report also suggests that within five years, employers will divide jobs evenly between machines and humans, eliminating more than 85 million jobs.
PwC, the world's second-largest professional services network, predicts that 38 percent of U.S. jobs will be at risk by 2030 due to automated work. Thirty-five percent of German jobs, 30 percent of British jobs, and 21 percent of British jobs would be at risk. Japan is also exposed to high risks from automation. Along the same lines, Forrester Research predicts that by 2025, 16% of U.S. jobs will be replaced by cognitive technologies, including AI and ML.
The data cited above points to the fact that in these turbulent times, upskilling is essential for survival.
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