The word "AI" seems to be a jargon that is constantly being used. Just consider how often this idea has been mentioned to everyone. Yes, very likely even to your grandmother. However, it can be challenging for many of us to picture the specific influence AI has. What does it imply for companies? What is the state of AI right now? How can the effects of artificial intelligence be quantified? We made the decision to scour every corner of the Internet to create a summary of some of the vital AI stats you need to be aware of in order to provide answers to these queries.

A Closer Look At Some Popular AI Stats

Artificial intelligence is actually taking over the globe, according to the stats. To gain a clearer idea of the influence of AI on organizations and people, let's look more closely at each AI stats.

1. One-Third Of Businesses Are Using AI In Various Business Areas

Where AI is employed?

Nowadays, AI is utilized in all sectors and trades. It is firmly ingrained in several corporate procedures and Technical Learning. In essence, many executives find it impossible to see any kind of organizational or economic progress without artificial intelligence.

How Well-established Is AI In The Workplace And Companies?

At least 80% of leaders believe that all corporate functions can benefit from automation enabled by AI. This fact is stated by Gartner. It could sound frightful. However, artificial intelligence may be a wonderful assistance when it is implemented well and used strategically. Technology is transforming the globe at a breakneck rate, from chatbots in e-commerce and retail to AI identifying damaged crops in agriculture.

The energy, aerospace, healthcare, supply chain, and construction sectors use AI the most effectively. These are crucial industries where the use of AI and big data has the potential to transform the game.

2. In The Year 2023, The Global AI Market Size Will Exceed USD 500 Billion

The market for artificial intelligence is expanding rapidly. In 2023, it is predicted that the worldwide AI market would grow to $500 billion. Evidently, the industry is expanding at a breakneck speed since more and more companies are implementing AI solutions. The widespread use of AI virtual assistants, conversational AI, and cloud-based services is one of the factors for such growth rates.

The value of providing outstanding customer service is also rising. 96% of consumers reportedly consider customer service when deciding whether to remain loyal to a firm. Consequently, AI-based consumer engagement solutions are becoming more and more popular.

The market share rise of AI doesn't seem to be slowing down any time soon. It keeps providing fresh chances to provide value and find fresh remedies for various problems.

3. About 28% Of Individuals Say They Completely Trust AI, While 42% Say They Understand It In General

AI still has the impression of being something out of a sci-fi film for many people. The world hugely tends to accept AI and have confidence in its implementation. At present, about one-third of individuals claim to have faith in AI, fewer than half accept it, and just about 10% do not.

In light of millennials' attitudes regarding AI, we might anticipate a shift in these figures in the years to come. This is because the entire world is undergoing a Technical Transformation significantly. In the US, for instance, 27% of younger generations and only 10% of Baby Boomers believe that AI's benefits exceed its drawbacks.

4. Almost 83% Of Businesses Place A High Focus On Incorporating AI In Their Strategy

At present, an increasing number of companies are discovering that they have little chance of expanding without AI. The world really is moving very quickly. Businesses use a variety of forms of automation to stay up with it. Organizations have the chance to discover solutions that are ideal for them due to the extensive range of AI-powered tools available, including email automation services, voice assistants, visual AI, chatbot platforms, etc.

There is no question that the number of people using AI systems will increase. Nine out of ten firms now make continuing investments in ai technology, and they will continue to do so as time goes on. The time to join them is probably at this point.

5. In Just Five Years, The Number Of Companies Utilizing AI Increased By 300%

The previous few years have seen a tremendous increase in AI, particularly when the global virus outbreak started. In fact, 52% of organizations expanded AI adoption during the global lockdown, and 86% said it was already a "mainstream technology."

Nowadays, businesses see AI as having a substantial influence on their plan, revenue, and growth rather than merely as an experiment. Whether it's common AI software or highly developed AI systems, using AI has real advantages that organizations just can't ignore. Even Technical Learning has now become synonymous with training on AI implementation and utilization.

6. By 2025, Around 100 Million Individuals Will Be Employed In The Field Of AI

The latest advancements in AI speak for themselves. Soon, there will be an increasing number of workplaces available owing to the Metaverse, machine learning advancements, deep learning, natural language processing, and other technologies. Soon, there will be such a large demand for AI-related professions that almost 100 million individuals will fill them.

Final Words

Hence it can be concluded that AI is revolutionizing society. We must monitor the procedures in the upcoming years and adjust as necessary to keep up with the use of AI technology. AI helps organizations in a variety of ways. It boosts customer experience, helps marketers understand their consumers, increases the speed and accuracy of all business operations, and enables organizations to expand more successfully.

Even though the worlds of technology and business are developing at a breakneck pace right now, Artificial intelligence is here to stay. It's an ideal moment to utilize AI since its future is promising.