Artificial Intelligence

The artificial intelligence revolution

18th March 2019
Lanna Cooper

 

Artificial intelligence is changing the world as we know it. Part of the Fourth Industrial Revolution, together with nanotechnology, robotics, the IoT, and many other tech trends, AI is the buzzword of the 2010s. 

The most powerful countries in the world are jumping on the bandwagon of artificial intelligence, increasing their investments in this field.

Similarly, the largest global companies are working hard to come up with revolutionary AI solutions that will get them ahead of the curve.

Artificial intelligence is also being introduced in many fields of work. From automotive to construction industry, to medicine and Web search, different aspects of AI are improving our everyday lives.

When it comes to figures regarding the current trends in artificial intelligence, one of the most astonishing projections is that the AI software market will grow from $1.4bn in 2016 to $59.8bn in 2025. Only this year more than 4 billion people will carry AI voice assistants with them on their mobiles.

It’s expected that at least 30% of businesses will use some AI features to improve their sales by 2020.

The AI stats regarding security are also remarkable. That way, by 2020 there are going to be about 1 billion AI-powered surveillance cameras in different cities around the world. As for online security, AI tools are expected to prevent about 86% of different cyber attacks.

Further, businesses that use the insights obtained via AI are projected to overtake $1.2 trillion from their rivals, due to the enhanced data analysis.

About 62% of CEOs are already relying on artificial intelligence to analyse the market and find better opportunities for their companies.

In line with that, the use of artificial intelligence in different industries will put at risk about 38% of jobs in the US.

As you can see, many challenges are awaiting in the near future. Business owners and companies will need to find the best way to utilise the benefits from AI and make it work for general wellbeing.

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