Organizations may use technology to increase efficiency, save expenses, improve customer experience, raise revenue, and gain a competitive edge in the market. AI-powered services and solutions, such as virtual assistants, chatbots, face recognition systems, voice searches, and autonomous cars are no longer science fiction. They are now a reality, influencing every area of modern life. The Artificial Intelligence statistics shown here will give you with a full insight of AI's current state and the prospects it presents for the future. But, before we get into the Artificial Intelligence statistics, let's look at some astonishing Artificial Intelligence facts that will leave you speechless. Boost your Skills by learning: Digital Marketing
Table of Contents:
1) Facts about artificial intelligence
2) Here are some data points about artificial intelligence (AI) and automation:
3) AI and Automation Statistics
Facts about artificial intelligence:
- Since 2000, the number of AI companies has increased 14-fold. And we'd wager that more of them appear each year.
- Business executives believe in AI's ability to drive growth. 84% of C-level executives feel that they must use and exploit Artificial Intelligence to achieve their growth goals.
- AI-enabled devices are all over the place. AI technology is used in some way or another in over 77 percent of today's electronics.
- In this scenario, there will be additional artificial intelligence helpers than people. According to projections, there could be 8.4 billion AI-powered digital voice assistant units in the globe by 2024, which will outnumber the whole global population.
- The worldwide artificial intelligence market is expanding. It will rise at a compound annual growth rate of 36.62 percent to 190.61 billion dollars by 2025.
Here are some data points about artificial intelligence (AI) and automation:
- From 2021 to 2030, the AI market is predicted to expand by 38.1%.
- By 2025, around 97 million individuals are predicted to work in AI.
- The worldwide artificial intelligence market is approximately $328.34 billion.
- The banking sector, healthcare, retail, and manufacturing are among the industries with the greatest rates of AI use.
- 35% of businesses use AI in their operations.
- 42% of businesses are investigating AI for future implementation.
- AI has the potential to significantly affect everyday jobs such as data input, meeting scheduling, and document management.
1) Artificial Intelligence in Business:
The above two artificial intelligence figures demonstrate the broad usage of the technology by enterprises. However, as we will see, the expanding usage of artificial intelligence is becoming even more popular among prominent corporations worldwide, particularly in the healthcare and life sciences industries. According to artificial intelligence data from a recent study, more than nine out of ten (91 percent) of top organizations questioned have a continuous investment in AI (NewVantage, 2022).
The financial services industry is represented by the bulk of the firms polled, although other prominent corporations such as Facebook and McDonald's, along with medical companies such as Pfizer and CVS Health, have been represented. According to the survey results, not only are many firms investing in artificial intelligence, but almost every one of them (91.7 percent) are increasing their investment. However, not all of these organizations are at an advanced level of data- driven transformation. In fact, just 39.7 percent of them believe they use data as an asset, and only one in five (19.3 percent) think their organization has a data culture.
2) Artificial Intelligence is becoming more popular:
Although the usage of AI is not yet the standard in organizations, data suggest that a growing number of businesses are beginning to incorporate it into their operations. In 2022, more than one-third, or 35%, of enterprises reported adopting artificial intelligence technology in some capacity in their operations (IBM, 2022). This was a percentage point greater than the previous year.
That isn't everything. 42% of respondents indicated they are researching AI and its benefits and are contemplating adopting them into their business operations. This should come as no surprise given that (as we'll see in another AI statistic), more than half of firms who are currently utilizing AI have claimed benefits. Indeed, it is obvious that corporations are paying increasing attention to the capabilities of artificial intelligence. Chief intelligence officers and IT leaders throughout the world have called it the most disruptive technology, surpassing data and analytics.
3) Statistics on Artificial Intelligence in Sales:
Aside from customer support, several firms' sales divisions have integrated artificial intelligence into their daily operations. In 2018, 21% of sales teams incorporated artificial intelligence (Salesforce, 2019). In the following two years, this proportion is predicted to rise by 155%. By 2020, it was predicted that 54% of them will be employing the technology.
Artificial intelligence is gaining popularity more than any other kind of technology used by sales teams. In comparison, marketing automation is anticipated to grow by 104%, while partner relationship management systems are expected to grow by 95%. These will mostly certainly be incorporated into processes such as automation and quote configuration tools. These will help salespeople better grasp their clients' desires.
They may focus on being better mentors to them now that the boring jobs are over. The majority of sales teams anticipate that AI skills will increase over the next five years to deliver better data. Seven out of ten high-performing salespeople anticipate increased intelligence forecasts, while 66% anticipate improved opportunity insights and lead prioritization.
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4) Artificial Intelligence in Business Productivity:
The increasing application of artificial intelligence by businesses demonstrates that there are several advantages to be gained. Improved productivity is one such advantage, since AI can handle arduous, repetitive, and regular work, freeing up people' time for analysis. According to SnapLogic 2021, 61 percent of workers believe that implementing AI in the workplace has increased productivity.
Such efficient application of AI also aids in increased workplace cooperation. More than one-third of employees believe AI has improved team collaboration.
Employees are so delighted with how AI has aided them in their job that more than two-thirds (68%) want additional AI-based technology to be implemented in the workplace.
Smart, data-driven technologies are being deployed at an unprecedented rate in business applications in this digital era, upending established working norms and transforming the company environment like never before. AI and its derivative, Machine Learning (ML), are at the forefront of all cutting-edge technology. Artificial intelligence and machine learning, according to business executives, are the key drivers of the Industry 4.0 change.
AI is rapidly affecting every industry, from healthcare to transportation, agriculture to hospitality, manufacturing, and education. Organizations may employ technology to boost productivity, save costs, enhance customer experience, generate revenue, and gain a market advantage. Virtual assistants, chatbots, facial recognition systems, voice searches, and self-driving cars are all examples of AI-powered services and solutions. They are now a reality that affects every aspect of modern life. The Artificial Intelligence data presented here will provide you with a comprehensive understanding of AI's current condition and future potential. But, before we get into the Artificial Intelligence numbers, here are some incredible Artificial Intelligence facts that will leave you dumbfounded.
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What impact do automation and artificial intelligence have on employment?
In October 2020, the World Economic Forum projected that, while AI will likely eliminate 85 million jobs globally by 2025, it would also create 97 million new employment in industries ranging from big data and machine learning to information security and digital marketing.
How many occupations are being displaced by AI?
According to a March estimate from Goldman Sachs, AI may replace up to 25% of present employment, with around two-thirds of occupations subject to "some degree" of automation.
How is artificial intelligence affecting employment?
By automating rote, repetitive chores, AI will help people enhance their work experience. Work will benefit from technology that maximizes the "goods" while limiting the "bads." This might lead to a rise in AI occupations and a greater demand for AI capabilities. AI requires a lot of human input.0
Will automation and artificial intelligence create or eliminate jobs?
The impact of automation on employment is multifaceted and will differ by sector. Some workers who are displaced by automation will be able to find new employment. Others will be completely laid off. Automation may enable more items to be produced with less labor, thereby creating more jobs in associated industries.
How will artificial intelligence effect jobs in India?
According to the survey, 85% of companies believe AI will be able to provide new employment possibilities over the next 1-5 years. Furthermore, 85% feel that AI can significantly enhance the nature of employees' duties.
How much of the workforce will be automated?
According to a Goldman Sachs global economics study paper, AI may automate 25% of the labor market but only 46% of administrative positions, 44% of legal employment, and 37% of architectural and engineering professions.
Is AI going to take over all jobs?
According to experts, artificial intelligence will touch practically every job, with office workers leading the way. According to experts, artificial intelligence will ultimately affect every job – but white collar workers will be first in line. However, AI will not completely replace humans, so now is the time to prepare.
Can an AI system take over human jobs?
According to Ben Goertzel, a cognitive scientist and well-known robot designer, SingularityNET's Artificial General Intelligence (AGI) can replace 80% of human employment.