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AI is a data-driven technology that is used to create and power algorithms that can learn on their own. This type of technology is often used for predictive analytics, which is the process of using data to make predictions about future events.
Artificial intelligence is also being used to create chatbots, which are computer programs that simulate human conversation. chatbots are commonly used by online businesses to provide customer support.
In addition, AI is being used to develop self-driving cars, improve medical diagnosis, and much more.
As you can see, AI is a versatile and powerful technology with a wide range of applications.
Interesting & Surprising Artificial Intelligence Stats and Facts
There will be a $270 billion market for AI by 2027 as one of the fastest-growing technologies.
It is expected to reach $15.7 trillion by 2030.
A machine’s AI capabilities are utilized by 77 percent of people, but only 33 percent are aware of this fact.
From 10% in 2015 to 37% in 2021, the use of artificial intelligence in the workplace is expected to rise.
This pandemic led to an increase in the use of artificial intelligence.
Markets for financial services, retail, and information technology all saw increases of more than 37% each in their use of artificial intelligence (AI).
At least 83% of companies believe that creating and deploying an AI algorithm is critical to the long-term success of their business operations
AI Adoption Across Industries Statistics
Today, AI is most commonly employed in business analytics (33%), security (25%), and sales and marketing (16 percent ).
However, 40 percent of companies claim that the most critical reason for implementing new technology is to make the customer experience easier for the customer to deal with.
54 percent of AI-using businesses claim to have seen an increase in productivity as a result of their use.
According to business leaders, productivity can be increased by 80 percent with the help of AI.
With AI implementation, 44 percent of businesses say they’ve reduced their operational costs.
With a 70 percent reduction in average call duration, AI can save 40-60% on customer service costs.
A sales department’s lead generation can be boosted by as much as 50% with the help of artificial intelligence.
More than a quarter of businesses are using artificial intelligence (AI) for marketing.
However, 84% of marketers believe that artificial intelligence is more important than any other technology in the future.
It is predicted that by 2025, the agricultural robotics market will reach $20.6 billion.
Drones and other unmanned aerial vehicles (UAVs) will receive $6.2-billion of that total (Unmanned Aerial Vehicles).
By 2024, it is anticipated that the use of AI in education will be worth $6 billion.
By 2027, retail businesses expect to use AI in some capacity in 80 percent of cases.
Banking AI bots are expected to handle most tasks and interactions with 90% accuracy by 2022, according to current predictions.
Among manufacturers in Europe and Japan, 51% have implemented AI into their operations, compared to just 30% of American manufacturers.
Automated intelligence (AI) has increased production at US manufacturers by 12 percent.
Facts About Artificial Intelligence and Wearables
$180 billion will be spent in the wearable AI market by 2025.
The wearable AI application for smartwatches alone is expected to reach $96.31 billion in revenue by 2027, an increase of 19.6 percent over the previous year’s forecast.
With a 35% market share, the United States is expected to lead the way in wearable technology by 2025, closely followed by Latin America (20 percent ).
Over 780 million smart wearable devices are expected to be sold by 2022, according to industry estimates.
Additionally, the wearable’s AI technology has evolved.
Sensors per wearable device peaked in 2013 at 1.4.
4.1 is the current version. In the future, artificial intelligence (AI) in fitness wearables could grow significantly.
It is estimated that by 2027, they will earn $14.64 billion in revenue.
By 2025, 92.1 percent of industry experts predict that 10% of the population will be wearing smart clothes.
Artificial Intelligence and Autonomous Vehicles Statistics
25 countries are currently working on self-driving cars.
The autonomous vehicle market is expected to reach $54 billion in value by 2021.
Annual growth in the autonomous vehicle industry is 36 percent.
The number of automobiles on the road is expected to reach over 800,000 by 2030.
In 2040, China will account for 66% of all miles driven, making it the largest market for self-driving cars.
While 35 percent of Americans say they will never use a self-driving car, another 67 percent say they believe self-driving cars are safer than human drivers.
With a human driver in the autonomous car, 87 percent of people would feel safer.
An 88% reduction in taxi waiting time is possible with self-driving car technology.
By 2050, the autonomous car industry is expected to reduce road accidents by nearly 90%.
Facts about Artificial Intelligence and Robotics
In 2020, there were 12 million robots worldwide. The automotive industry employs 42 percent of all robots.
61 percent more industrial robots are expected to be sold in 2025 than in 2016.
By the year 2025, 35% of all industrial robots will be collaborative, meaning they will be designed to work alongside humans rather than in place.
Following the United States, China is expected to hold the largest share of the robotics market (22.1 percent) (20.4 percent).
There will be a 70% increase in the use of robots in the life and pharmaceutical industries from 2020 to 2021.
Once they implement the Kiva collaborative robot in a new warehouse, they save approximately $22 million.
Chatbots and Artificial Intelligence Facts
As compared to 2018, the use of deep learning chatbots is expected to rise by 15% in 2022.
In 2022, 70% of customer interactions will be handled by chatbots.
52 percent of phone companies currently use chatbots for customer service interactions.
Almost two-thirds of customers would rather communicate with a humanoid robot than a live person.
(66 percent), instant responses (55 percent), and the ability to answer simple questions are the three most important advantages of using a chatbot system (55 percent).
Global chatbot savings could reach $8 billion per year, according to estimates.
Voice Search and Artificial Intelligence Statistics
Over 110 virtual and digital assistants exist in the United States alone.
More than a third of all voice assistants are Amazon Echo devices, with 53 million in total.
Google Assistant has a market share of 17 percent. Using a speech recognition AI tool is the most popular reason given by 55% of customers.
It is predicted that 8.4 billion assistants will be in use by 2024, which is more than the current global population.
Among voice assistants, Google Assistant has the highest accuracy rate (98 percent).
According to Amazon, Alexa is 93% reliable compared to Apple’s Siri’s 68% accuracy.
A meager 54% of customers trust digital voice assistants to accurately understand what they say when they speak.
Alexa, Amazon’s voice-activated assistant, has the most skills of any other voice-activated assistant.
Cyber Security with AI Statistics
By 2027, the AI cybersecurity market is expected to be worth $46.3 billion, a 23.6 percent increase over what it was in 2020.
Cyber data attacks occur online every 39 seconds, with an average of 300,000 pieces of malware discovered each day.
Cyber attacks will affect 65% of all businesses by 2021, according to the International Business Times.
However, only 12 percent of them had installed AI-based security analytics.
Artificial intelligence is required to detect data security breaches, according to 61% of businesses.
Eighty percent of those businesses are telecommunications providers.
Businesses in the United States place a greater emphasis than in any other country on data security based on artificial intelligence (AI).
Artificial Intelligence-based cybersecurity is expected to cut costs and time spent identifying potential threats in data by 64 percent of companies.
Data security is a concern for more than half of all customers who plan to make use of AI.
Emails are sent at a rate of about 300 billion per day.
At least half of the data in those emails were spam, according to a machine learning algorithm.
87 percent of the time, artificial intelligence can detect plagiarized code in data.
Artificial Intelligence Statistics about Healthcare
In healthcare, AI is used by 38 percent of businesses.
There were over 100 approved AI development devices for medical use in 2020.
Most radiologists work in cardiology, hematology, and hematology, respectively.
More than $4.6 billion will be spent in 2020 on the use of medical surgical robots.
By 2027, that number is expected to increase by 17.4 percent.
An algorithm developed by Stanford University can predict the death of hospital patients with 90% accuracy.
The healthcare industry is expected to have the most intelligent machines for AI research and application by 2027.
By 2022, 75% of healthcare machines will be able to perform without the assistance of a human.
Clinical healthcare could save more than $150 billion by 2026 through the use of artificial intelligence (AI).
Impact of AI on Jobs and Employment Market Statistics
AI is predicted to displace 85 million jobs by 2025, accounting for 16% of the US workforce.
There are a greater than three-quarters chance that US workers will lose their jobs, followed by Germans (35%), and British citizens (30%).
Those most at risk of losing their jobs are those who work in administration, food preparation, construction, manufacturing, cleaning, and driving
Positively, AI has the potential to create up to 58 million new jobs in the United States, particularly for data scientists, curators of online content, and AI automation experts.
Robotics and AI industries employ more than 150,000 engineers and assembly workers.
From 2012 to 2021, the number of Data Scientist jobs on LinkedIn increased by 650 percent.
Over time, 79 percent of executives believe that AI will help them reduce their workload and become more productive.
Artificial Intelligence Fun Facts
As much as 92% of the time, AI can accurately predict the COVID-19 death rate.
Recently, Google and Oxford Research unveiled a deep learning AI system that can read lips better than 12.4% of the human brain’s ability to do so (and with 4.8 percent accuracy).
Netflix’s personalized Netflix Recommendation Engine has saved more than $1 billion thanks to machine learning.
The cashier-free Amazon Go stores generated $4.5 billion in revenue in 2021, which is approximately 50% more than the revenue generated by regular convenience stores. Jean-Loup Rault, a veterinarian and expert on animal welfare, predicted that by the year 2025, people would own robot pets.
Global economic growth could double by 2035 if artificial intelligence (AI) is used in developing countries.
AI Adoption Statistics
In the United States, 91.5% of the leading companies have invested in artificial intelligence (AI) technologies.
More than half of all AI start-ups are based in the United States.
An estimated 15% of new businesses are based in the People’s Republic of China.
China’s leading AI investors in 2018 were SenseTime ($1200 million), UBTech Robotics ($820 million), and Megvii Technology ($600 million).
The most common reason for businesses not to use AI in the workplace is a lack of employee expertise (56 percent ).
As a result of this, 42 percent of those polled said they were afraid of the unknown and unable to begin (26 percent ).
CEOs are also concerned about the disruption of business practices due to AI automation (77 percent ).
By 2030, product enhancements on existing technologies will account for 45 percent of AI adoption.
A total of $7.4 billion was invested in AI startups in the second quarter of 2019.
Artificial Intelligence (AI) technologies are expected to boost China’s GDP by 26 percent by 2030.
There is a good chance that the US will finish in second place. In the year 2020 alone, Facebook, Apple, Microsoft, Google, and Amazon acquired 13 different AI startups.
With a deep learning AI solution, 84% of businesses claim to have an advantage over their competitors in terms of market position.
Artificial Intelligence and machine learning (AI/ML) have a 75 percent failure rate among executives.
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