24 Artificial Intelligence Statistics You Need To Know In 2024

By TechDogs Editorial Team

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Overview

Who would have thought we mere mortals would one day create technological marvels that can perceive, learn, reason and assist us in ways that were once the stuff of science fiction? Just a few decades ago, the idea of machines exhibiting human-like intelligence seemed like a distant dream.

Yet here we are, with AI systems that can engage in natural conversations, compose creative works, solve complex problems and continuously expand their capabilities. If we really think - It's exciting but also humbling that we people have been able to give human-like intelligence to artificial systems.

This is just the beginning because AI still has so much more potential to explore. It can keep evolving and doing increasingly incredible things by combining human creativity with artificial brains.

In this article, we will discuss 24 statistics about artificial intelligence of 2024 that you should know about. This will give us a fair idea of how AI is transforming our lives and what the future will look like with AI.

You see, AI is more than just a buzzword nowadays - it's rapidly becoming the engine driving our future before our very eyes. AI is everywhere, impacting how we shop, work and how businesses operate. It's making our lives easier and businesses smarter in so many ways.

Wait for a second, though! Let’s talk numbers for a second because the AI statistics show just how transformative and fast-growing this revolution really is. Whether you're a curious marketer, a business leader or just someone who loves staying ahead of the curve, understanding AI's impact is absolutely essential.

That is why we will be discussing some essential stats that will give you a window into AI’s role in our lives. Join along!

AI Developments

The artificial intelligence industry is rising like anything. As per the reports by Statista, the AI global market is poised for an impressive 17.30% annual growth rate from 2023 to 2030. This trajectory suggests an extraordinary market volume of $738.80 billion by the end of the decade. This underscores the immense potential and rapid adoption of AI technologies across various industries.
One would be lying to say that they haven’t heard of ChatGPT. The number of users is increasing day by day. As per a report by TechCrunch, OpenAI’s ChatGPT has over 100 million active users that too, weekly. If that doesn't surprise you, then let us tell you that ChatGPT generated a whopping $200 million in revenue last year. This promises the potential of AI.
If the numbers don’t emphasize the impact of AI on the market, then let us tell you that over 1500 companies are operating solely in the AI software space. The S&P Global reports this and there seems to be no doubt about it.
Businesses will always have concerns about their productivity. Artificial intelligence brings automation and automation increases productivity. As a result, Accenture believes that AI will increase productivity by saving 40% of employees’ time. See you later, mundane tasks!
If we talk about the global economy, then AI will contribute over $15 trillion to the global economy by 2030. For us, this means that AI will be used in almost every business. Keeping up with the use of AI in business, whether it be manufacturing, banking or agriculture, will turn out to be a good investment.

AI Adoption

Along with all the industries, customer service is also going through a revolution with the arrival of AI. A survey by BrightLocal suggests that an AI-driven virtual assistant can automate over 70% of customer queries. Now that’s a win-win!
It is not only productivity that matters for businesses. The business leaders will make sure there is a good ROI. Since AI holds great potential, business leaders also trust AI. As per a report by Accenture, more than 84% of C-level executives believe that they need to adopt and leverage AI to drive growth in their businesses.
If we talk about how countries across the world are adopting AI, then it would be two countries taking charge. According to an IBM report, Chinese and Indian companies lead when it comes to AI adoption, with almost 60% of IT professionals using AI applications at their organizations. What about you? Are you using AI?
If you are thinking about how businesses are adopting AI and how it would impact future hiring, then there is something we need to be conscious of. As per the survey by Tech.co, 47% of business leaders are considering using AI over new hiring. (*raising eye bolls*)

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AI In Marketing

Let’s talk marketing. As per the reports by Capgemini, around 50% of companies in the US have already implemented AI in their marketing initiatives which is more than the global average of 37%. Yes, the marketing campaigns you read or see are often generated through AI.
You see, website ranking also matters a lot when it comes to marketing. Let us tell you, there are hundreds of factors that come into play to rank a website higher. SEO tasks are one of them, touted to be one of the most challenging tasks and can be managed with AI. As per reports by HubSpot, around 37% of marketers claim to use AI for time-consuming SEO tasks. AI is here – get your website ranked higher already.
Adopting AI and actually making investments in AI are two different things. As per the reports by Ascend2, around 29% of marketing executives are likely to increase their investments in AI for marketing in the coming 12 months. Marketing team, get this report to your finance team already!
Gone are those days when it used to take hours to write one perfect copy for marketing. With the arrival of AI, generating content has become easier. As per a report by HubSpot, 85% of B2B and B2C marketing professionals believe that “generative AI will have a transformative impact on content creation in 2024.” Not so surprising, right?

Thoughts On AI

By the way, do tell us in the comment section – what were your thoughts when you were introduced to AI in the first place. We bet its capabilities would have surprised you. As per the Pew Research Center, more than half (52%) of American adults are more concerned than excited about AI. What about you?
As they say, there are always two sides of the coin and so has AI. As per a report by Gartner, 78% of business leaders believe that the benefits of AI outweigh the risks. Well, the majority says so. Hope it turns out true.
With great power comes great responsibility. This is true for AI as well because AI is opening a wide range of opportunities and capabilities to humans. The question remains – what would we do with this power? As per a report by IBM, nearly 75% of corporate executives emphasized the importance of AI ethics.

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Leading AI Technologies

As we said, AI is opening a wide range of opportunities and technologies for a better future. Natural language processing, being one of them, is also growing rapidly. As per reports by Statista, the natural language processing market is expected to exceed $112 billion by 2030. Business leaders, what are you waiting for? Invest in NLP right away.

According to Capgemini's Artificial Intelligence statistics, one of the most common AI use cases is in the manufacturing industry. Here, AI is used to predict when equipment will break down and propose the ideal time to undertake maintenance. According to the survey, roughly 29% of AI applications in the manufacturing industry are used to maintain production assets functioning smoothly.

Well, we all have been talking to bots across sites. It is no secret how helpful they are for the businesses. Gartner expects that over the next decade, AI-enabled proactive chatbots will improve customer experience by anticipating consumers' requirements and engaging with them emotionally. According to Gartner, AI chatbots will be able to handle 95% of consumer interactions, reducing human engagement to 5%.

Who doesn’t love these personal AI assistants? According to Creative Strategies research, 96 percent of Android and 98 percent of iPhone users utilize Google and Apple's AI assistants, 'OK Google' and 'Siri'. According to the report, 51% of customers use AI assistants in their automobiles, 39% at home, 6% in public locations and 1.3 percent at work. What do you prefer, by the way?

The Future Of AI

Think of it this way – the impact AI will have on a global economy. It is definitely going to be one of the primary factors in driving GDP. A report by Goldman Sachs suggests that AI could drive a 7% increase in the global GDP. Now, that is surely surprising.

Yes, creating something has never been easier than today. The way we are leading with various generative AI tools, it is estimated by McKinsey that by 2030, generative AI could automate 30% of hours worked today. That leaves plenty of time to spend with family or watch a new Netflix show.

It is not just AI models transforming everything. The AI chips are all set to change how our smartphones and laptops operate. As per a report by Statista, the global AI chip market is forecasted to hit the $120 billion mark by 2027. Now, get faster and smarter phones.

It is not just you who’s wondering – will AI replace human jobs? Well, it is going to be challenging for sure. According to the World Economic Forum's latest Future of Jobs Report, artificial intelligence will displace almost 85 million jobs by 2025. However, the same analysis also found that AI will result in the creation of almost 97 million new jobs during the same time. In conclusion, it’s high time you adopt AI skills.

On that note, let’s conclude this article. However, the fact is it is just the beginning of an era.

Just The Beginning

As we wrap up this article, one thing is crystal clear: one needs to stay on top of these trends to thrive in today’s fast-paced world. Those who adapt early will undoubtedly gain a significant competitive edge in our rapidly evolving AI-driven world. The future belongs to those who wholeheartedly adopt this transformative technology.

AI is here and not waiting for anyone. How soon are you adopting?

To dive deeper into the fascinating world of AI technology and discover the latest insights, advancements and innovative applications, click here now!

Frequently Asked Questions

What Is The Future Of AI?

The future of AI is highly promising, with advancements expected in areas like machine learning, natural language processing and computer vision. AI is likely to transform various industries, automate tasks and enhance decision-making processes while also raising ethical concerns about privacy, bias and job displacement.

What Are The Key AI Skills In Demand In The Job Market?

AI skills are in high demand across various industries as businesses seek to leverage the power of artificial intelligence. Proficiency in machine learning algorithms, data mining, natural language processing, computer vision and programming languages like Python and R are highly sought after in the job market for AI roles.

What Are The Predictions Of AI?

Experts predict that AI will continue advancing rapidly, automating tasks, enhancing decision-making and transforming industries like healthcare, finance, transportation and education. AI is expected to increase productivity, drive innovation and create new job opportunities while also raising ethical concerns about privacy, bias and the impact on employment. Responsible development and governance of AI technologies will be crucial.

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