Artificial Intelligence Statistics For 2023

 
Stats • December 12, 2023
 
Artificial Intelligence has revolutionized the way we live. One of the fastest-growing industries in the entire world. It is becoming increasingly important to us in order to complete simple tasks. Consider the rise of intelligent digital assistants such as:
  • Siri
  • Alexa
  • Google Assistant
These AI-powered assistants translate simple voice commands into actionable actions. The power of AI is just beginning to be realized. These AI stats show how AI affects our lives and where it is headed in the future.

Artificial Intelligence Key Statistics

AI will only continue to expand. The II will have an impact on everyone in every industry around the world. Here are some key statistics about artificial Intelligence that you should know. The global AI technology market will explode in the next few decades, with a market value of $190.61 Billion by 2025. AI technology is projected to grow at a rate of 33.2% per year between 2020 and 2027. By 2030, China is expected to be the global leader in AI, with a market share of 26,1%. The biggest reason why the AI market in the world doesn’t grow faster is the lack of education and training. AI is expected to lead to a 26% increase ($15,7 trillion) in global GDP (gross national product) by 2030. Increased profitability and consumption will be the main drivers of the $15.7 trillion growth in GDP by 2030. AI will be a part of everyday life in the future. It’s the truth.

What are the consequences of artificial intelligence on businesses?

Businesses face both an opportunity as well as a challenge with the new AI technologies. Here’s how AI will affect business in the future.

AI Benefits for Businesses

AI benefits companies in many ways. AI can help companies to automate tasks that previously required humans.
  1. Productivity increases
  2. Cost reductions
54% of executives in the industry have stated that AI has significantly increased their productivity. AI simplifies jobs, and 79% of executives say that AI will increase efficiency. One of the most practical AI business implementations is chatbots. Here’s why business owners love AI-powered chatbots: Reason Businesses Use AI ChatbotsPercentage (%) 24-hour customer service 64% Fast responses to customer inquiries: 55% Automated answers to simple questions: 55% Chatbots have been one of the most adapted AI-powered technologies in the world:
  • 58% of B2B companies
  • 42% of B2C companies
…have implemented chatbots on their website. Another industry that AI has made a significant impact on is the supply chain. The supply chain usually has thin margins and relies on large volumes to stay profitable. Because of this, supply chain managers are always looking for ways to lower costs. In 2019, the global supply chain industry lowered its costs by 44% by implementing AI technology. This is a massive reduction in costs for supply chain companies. The potential contribution that AI could make to the global economy is estimated to reach $15.7 trillion in 2030. This will make it one of the biggest technology sectors in the world.

Impacts Of AI On The Workforce

The largest impact that AI will make is on the current workforce. AI will automate tasks and even entire jobs that humans have previously done. This will have both a:
  • Positive impact
  • Negative impact
…on the global workforce.

Negative Impacts

It’s no secret the most significant negative impact AI will have on the workforce is eliminating entire jobs. 38% of people expect AI technologies to eliminate jobs at their current workplace altogether in the next three years. 13% of people expect AI automation to eliminate a significant number of positions in the same period. The biggest industry to take a hit will be manufacturing. By 2030, more than 20 million manufacturing jobs globally could be lost to AI-powered robots. That’s approximately 8.5% of the global workforce who will need to:
  • Look for new work
  • Develop new skills to find employment in other sectors
There is no doubt that AI will significantly impact jobs in the next 7-10 years.

Positive Impacts

But AI isn’t all bad. There are some positive impacts that it will have within lots of different industries. About 95% of executives have said that AI has already positively impacted their industry and business. This means that companies are likely to invest more money into AI technology in the future. Lots of CEOs are excited about the introduction of AI into the business world as well. 63% of CEOs predict that AI will have a very positive impact on creating new jobs, like when the internet first became widely available. This is also supported by the most recent data in 2020. In 2020, AI eliminated 1.8 million jobs globally but created 2.3 million new jobs. That’s a net gain of about 500,000 new jobs available, which is a huge positive. By 2025, it’s predicted that there will be a job demand of 97 million people in AI-related industries. This includes:
  • AI and Machine learning specialists
  • Process automation specialists
  • Big data specialists
  • Data scientists and data engineers
  • Analytics specialists
And so many more. It’s certainly a growing field that will create a whole new industry for people to work in. While some manufacturing jobs are disappearing, there is a demand for different skills within the industry. Indeed, 43% of manufacturers have added data scientists and data analysts to their workforce. So AI will take jobs away, but it will also create a lot of jobs too. The difference is that low-skill jobs will disappear, and skilled jobs will increase significantly.

How Is Artificial Intelligence Used In 2023?

Artificial Intelligence will make a big difference in the future. But what about right now?

Personal Use

Smart devices powered by AI have become extremely popular. People love the idea that you can have a “personal assistant” at home available whenever you need it.

Voice Assistant

Voice assistants are making the biggest impact in our lives in terms of AI technology. Over 95% of smartphone users said they use the built-in AI-powered voice assistant. Almost half (40%) of smartphone users said they use voice search on their phones at least once per day. Voice assistants have made phones even more convenient, and many people are taking advantage of them. As of 2021, there are about 4.2 billion devices with AI-powered assistants. By 2024, this number is expected to double, with 8.4+ billion devices powered by AI assistants. Who has the market share on AI voice assistants? Company & AI AssistantAI Market Share (%) Apple (Siri) 36% Google (Google Assistant) 36% Microsoft (Cortana) 25% Amazon (Alexa) 19% Apple and Google dominate the AI market with a joint total market share of 72%. This makes sense as the IOS and Android operating systems control 99% of the global phone market. But Amazon’s Alexa and Microsoft’s Cortana are catching up in the AI voice assistant race. Alexa controls 25% of the voice assistant market, and Cortana holds about 19% of the total market. The popularity of AI assistants is expected to increase significantly as they become more usable in the future. We are only at the beginning stages of what voice assistants can do!

Smart Speakers

Smart speakers have become one of the best use cases for AI. You no longer need to select songs from your phone or tablet manually. Just tell the speaker which song or even the type of music you want to listen to, and it will play it for you automatically. Amazon and Google are the is the clear leaders in the smart speaker market. But there are lots of competitors catching up quickly. So, how many people actually have smart speakers in their homes?
  • Over 45% of US households currently own a smart speaker.
  • 26% of US households said they planned to purchase a smart speaker soon.
The convenience combined with the relatively low cost of smart speakers makes them attractive for lots of people. 50% of people who currently own or are planning to purchase an AI-powered speaker said they regularly use their smartphone speaker for entertainment. This includes using the smartphone AI assistant to play music and videos. 70% of people use their smart speakers to check the weather daily. Only 5% said they use their smart speakers for more complex tasks, such as ordering products online. These artificial intelligence statistics demonstrate that AI is already playing an active part in our daily lives.

Professional Use

What about professional use? This is how people are using AI in their everyday jobs and workplaces.

AI Integration In The Business World

There is no doubt that AI has penetrated the business world. 35% of businesses used AI in some form as of 2021. 85% of business owners and executives said they are considering making it a strategic priority to invest in AI this year. That means over 1/3 of businesses have already adopted AI into their everyday business practices, and many more are strongly considering it for this year. What’s the biggest motivator? A better experience for customers. 40% of businesses say that customer experience is the top motivator for investing in artificial Intelligence. This makes sense because AI currently has the most practical business potential with online customer experience.

AI Integration In Marketing, Customer Service & Sales

If you work in
  • Marketing
  • Sales
  • Customer service
Pay attention to this next section. The following artificial intelligence statistics say that AI is about to become a big part of your job. The most prominent use of AI is in the retail industry, more specifically, customer engagement. This includes the use of:
  • AI-powered chatbots
  • Predictive behavior analysis
  • Hyper-personalized customer experience
It’s possible that everyone could receive a unique experience whenever they visit a website in the future. No two people’s experiences will be the same. Marketers are already jumping on to the power that AI offers. In 2020, 80% of marketers used chatbots as a part of their customer engagement strategies. What’s more? An AI-powered chatbot responded to 85% of total online customer service interaction actions. In many cases, the chatbot solved the customer’s problem without the need for human help. AI interactions are now a normal part of the consumer process. 48% of marketing leaders agreed that digital and mobile AI technology (such as chatbots) has significantly changed how customers engage with them online. The changes are mostly positive for both the business and the customer. But where the real power of AI lies is in its behavior predictions. AI learns automatically and at an extremely fast rate. 90% of businesses that have currently adopted AI said they were using or considering using AI for sales forecasts in the future. It’s possible that leveraging AI will allow businesses to predict future sales without any human help.

What Are The Challenges That Can Stop Companies From Investing In AI?

Investing in AI technology is not all rainbows and sunshine. There are some things that business owners and executives are concerned about. Here are the top 3 most significant challenges that companies worry about: Challenges Of Investing In AIPercentage (%) Staff Don’t Have Necessary Skills 56% The Future Of AI Is Unknown 42% Don’t Know Where To Invest 26% The AI industry is evolving so quickly that companies struggle to find employees to fill AI-related jobs. It is difficult for companies to find the right staff with the right skills to use AI effectively. AI relies on big data. This is especially true in the marketing and retail industries. With data privacy laws tightening up – the ability for businesses to access data that AI can use is a challenge. While it’s likely that these challenges will be overcome in the future, it’s hard to make the right decisions now about investing in AI technology.

Artificial Intelligence Predictions

What will AI look like in the future? Here are some artificial intelligence statistics that offer some insight. Global AI usage will skyrocket over the next few years, reaching a potential market value of $190.61 billion by 2025. The future benefits that AI offers far outweigh the future risks. China is investing in AI the most for both personal and business use. Current artificial intelligence usage statistics show that by 2030, about 26.1% of China’s total GDP will come from AI technology. It currently contributes about 10% to their GDP. The US is expected to come in second, with AI contributing about 14.5% to its GDP in 2030. The United Arab Emirates is also looking to be a big future player in AI with usage statistics predicting about 13.5% of their GDP to come from AI. You could say that the AI technology race is on! B2B marketing executives are also bullish about AI usage. Over 80% say artificial Intelligence is likely to revolutionize their industry completely. If you are getting ready for a career change, then AI is a good sector to get into. Experts predict that the AI industry will be responsible for creating 9% of all future jobs in the US by 2025. It’s a fast-growing industry with a need for more experts.

Wrapping It Up

Artificial Intelligence already has a big impact on our lives. And it’s only going to increase. AI offers so many benefits for both:
  • Personal use
  • Business use
…that people are quickly adapting to the technology. It has also become a massive part of all smart devices created today, making it easily accessible to the general public. The biggest takeaway you can get from these artificial intelligence statistics is your response. Be open-minded and look for opportunities to use AI in your life and business. This is how you can prepare for the disruptions it will create in the future!