Why Businesses Need Artificial Intelligence [Infographic]

Whether we might like it or not, the world of artificial intelligence has well and truly arrived. Also known as AI, there are reasons to believe that it will be a big game-changer as far as the future is concerned. It will help in driving businesses to new levels and heights of efficiency because there are quite a few mundane tasks that the computers will take over. It will also be able to do some logical thinking and help in recognizing a face, a voice, and other such things. We are sure that a lot of work is going on in this area, and it certainly will be a new harbinger of change.

How will AI change business in the future?

About 70%  of the business community will adopt a similar AI technology by 2030. This percentage is a sign that describes the importance of AI from the business perspective. 

It’s not just the attention-grabbing technology for people but also the careers that are being shaped by the appearance of AI. Machine learning and AI have grown exponentially in volume over the previous few years. In fact, between 2017 and 2018, the number of people declaring educational and skill profiles to qualify as AI specialists increased by 66%.

We can see their achievements all over the world. In the future, we will see the power of these experts on our economy.

Experts have predicted interesting statistics and output of AI by 2030 in the field of technology, business, and government institutions.

AI in business predictions and statistics

Here are some statistics and predictions on the rise of AI in the market:

• About 83% of recently engaged with AI marketers realized substantial (30%) or moderate (53%) economic returns. – Deloitte
• In annual global revenue, the AI market will grow to $118.6 billion (USD) by 2025. – Tractica
• The US healthcare economy could save $150 billion (USD) annually by 2026 with the help of AI applications. – Accenture
• In 2030, artificial intelligence could add $15.7 trillion (USD) to the global economy. – PwC

Conclusion

Artificial intelligence is not limited to well-known companies and tech giants. AI leads to growth in a competitive world and keeps you ahead in the field.

How you use AI depends on what you want the business to achieve. It enables you to make better decisions faster and change the way the business operates.

This will be a graspable opportunity for growing businesses as the AI ​​platform will redefine the terms on which companies will compete.