The rise of artificial intelligence-Late 2023

• The global AI market is expected to reach $1.58 trillion by 2028.
• 63% of healthcare organizations are using AI in some form, and that number is expected to reach 84% by 2025.
• 59% of companies are using data science to improve customer experience, and 78% of those companies are seeing positive results.
• 57% of companies are using data science to create new products and services, and 73% of those companies are seeing positive results.
• 55% of companies are using data science to improve operational efficiency, and 71% of those companies are seeing positive results.

AI is one of the most transformative technologies of our time. It is being used in a wide variety of industries to improve processes, create new products and services, and make better decisions.

The data and charts above show that the use of AI is growing rapidly and that businesses are seeing positive results from their investments in AI.

For example, the bar chart showing the global AI market growth shows that the market is expected to grow from $686 billion in 2022 to $1.58 trillion by 2028. This represents a CAGR of 18.1%.

The line chart showing the percentage of healthcare organizations using AI over time shows that the adoption of AI in healthcare is accelerating. In 2023, 63% of healthcare organizations are using AI in some form, and that number is expected to reach 84% by 2025.

The pie chart showing the percentage of companies using data science to improve customer experience, segmented by industry, shows that AI is being used by businesses in a wide variety of industries to improve customer experience. The top three industries using AI to improve customer experience are retail, financial services, and healthcare.

The scatter plot showing the relationship between the use of data science to create new products and services and company profitability shows that there is a positive correlation between the two variables. This suggests that businesses that are using data science to create new products and services are more likely to be profitable.

The bar chart showing the percentage of companies using data science to improve operational efficiency, segmented by industry, shows that AI is being used by businesses in a wide variety of industries to improve operational efficiency. The top three industries using AI to improve operational efficiency are manufacturing, logistics, and transportation

Some companies, geographies, and industries are adopting AI faster than others (IBM)

AI adoption continued at a stable pace in 2022, with more than a third of companies (35%) reporting the use of AI in their business, a four-point increase from 2021.

The vast array of AI statistics we have explored underscores the undeniable impact that artificial intelligence is having on our lives today and its potential to shape our future. While some may feel uncertain or ill-equipped to deal with the challenges posed by these advanced technologies, it is essential that we stay informed and adapt as AI continues to evolve.

This collection of AI statistics has, we hope, provided you with valuable insights into the rapidly expanding world of artificial intelligence. Together, let us embrace the transformative power of AI and harness its potential for a better future.