what does the future hold?
Posted: Thu Jan 23, 2025 7:21 am
These days, it seems like hardly a day goes by without someone writing another article or making a video about the major advances in artificial intelligence technology. In fact, the AI market has grown considerably in recent years, and the topic has been on everyone’s lips for quite some time now.
In this article, thanks to a study conducted by Passport Photo Online, we will explore the latest statistics on AI, take a closer look at how AI technologies have changed and continue to change the business landscape, and look ahead to the future and its ultimate impact.
How is the AI market performing?
To say that business is booming would be an understatement, considering how AI technology is slowly entering every pharmaceuticals email database sphere of our lives and being incorporated into all kinds of devices and software. By 2023, AI is all around us, with self-driving cars now more than just a fixture of science fiction films, efficient and credible virtual assistants, or countless computer programs that make use of machine learning techniques.
The figures that support the rise of this technology prove it.
Valued at ~$371 billion in 2021, things are only looking better for anyone who has invested in these technologies. It is understood that in a few years, in 2029, we will no longer be talking about the market value in billions, but in trillions. The exact figure we are talking about is $1.3 trillion, a perfect testament to how gigantic the AI market has become. To quote Dewey from the beloved TV series Malcolm in the Middle: “The future is now.”
How has AI affected businesses?
As technology advances, AI capabilities are growing and becoming not only more convenient for countless businesses, but also a new standard. Part of the reason is that AI is believed to have the ability to improve labor productivity by a whopping 40%.
The majority of IT and engineering leaders (78%) are already using or planning to use AI to automate workflow. After all, its capabilities, at the very least, make life much easier by taking over tasks that would be time-consuming and arduous for the human mind. Data management alone is something that confirms that AI is a true game-changer in the way businesses operate and take advantage of new possibilities, not to mention machine learning.
AI-adoption-plans.png
Source: Passport-Photo.online
AI improvements have also changed the SEO landscape, allowing our tools to help you even better and enhance your keyword research. You can read all about how Accuranker uses AI to help you determine search intent here.
In fact, today, professionals in almost every niche work with AI in one way or another. The technology has successfully infiltrated the mainstream to the point that 86% of workers consider it normal and nothing out of the ordinary. That’s how much we’ve become accustomed to dealing with AI.
The most popular applications of artificial intelligence include
Risk and fraud management;
Addressing cybersecurity threats;
Improving the decision-making process;
Other technology improvements (bias detection, ethics and AI explainability).
Benefits of artificial intelligence
Considering the rise of AI in recent years, the size of its market and how present it has become in everyday life, there is a case to be made that it would not have happened if its application only had a handful of advantages.
Many businessmen and women have jumped at the chance to embrace the latest technological advancements, and the effect we are seeing is that ~40% of executives believe AI will not only help their companies thrive, but will also transform the organization entirely within a few years.
Companies that have fully embraced and committed to AI-powered software point to several benefits that highlight just how much of a game-changer it has been:
86% say it has helped improve customer experience;
75% said AI was invaluable in improving decision-making;
75% also agree that the application of AI has helped innovate products and services;
70% agreed that AI also helped reduce expenses
and 64% also attributed increased productivity to the impact of AI technology.
So the picture that the latest AI statistics paint is that the path to success as a business owner is to dive in and make use of AI capabilities before the competition does the same. Particularly striking is that the first benefit mentioned is improved customer experience, which many say should be one of a company’s top priorities. If you win over the customer, you’re all set, right?
However, there are many methods to grow your business and slowly climb the metaphorical ladder. A top-notch rank tracking tool will certainly be more than helpful, and there are several ways Accuranker can help your business .
To further emphasize how important it is to embrace AI technology, according to the study, 3 out of 4 executives believe that refusing to jump on the AI bandwagon in the next five years will likely kill their businesses forever.
AI and employment
Of course, when it comes to artificial intelligence and its effect on the labor market, many people fear that robots are coming for our jobs. In their imagination, they see a robotic revolution that will take over and dominate countless niches and leave many workers unemployed.
It's actually easy to empathize with their fears, considering that, according to the study, AI is likely to replace around 85 million jobs by 2025. These statistics really put things into perspective and help one realize that some of the fears about the advancement of AI are quite valid.
Nearly half of respondents in the study believe AI has already started to take away jobs, but ultimately, AI’s impact on the labor market may not be as disastrous as some might think.
AI-powered-chat.png
Source: Passport-Photo.online
A fairly optimistic prediction is that increased automation will also create ~97M jobs, which is a good balance for all jobs that will be outsourced to robots rather than humans.
Furthermore, while we sometimes like to imagine that a robot could do everything we do at work and more, statistics show something completely different. In fact, only a small percentage of jobs (less than 5%) could be fully automated.
Increased automation is also likely to change the nature of certain jobs, as company managers integrate new technologies and seek out new employees for tasks generated by the integration, such as software maintenance, for example. What logically follows is that we expect the next few years to be the era of restructuring for many companies adapting to new technological realities.
To strike some balance and combine the amazing capabilities of modern AI-powered software and the human mind, employers are likely to rethink the list of most sought-after skills and character traits. The three skills candidates should focus on include:
flexibility
creativity;
analytical thinking.
At the end of the day, while AI is already pretty impressive, there are still limitations to what it can do, and these limitations are an opportunity for modern candidates to successfully compete in the job market.
In this article, thanks to a study conducted by Passport Photo Online, we will explore the latest statistics on AI, take a closer look at how AI technologies have changed and continue to change the business landscape, and look ahead to the future and its ultimate impact.
How is the AI market performing?
To say that business is booming would be an understatement, considering how AI technology is slowly entering every pharmaceuticals email database sphere of our lives and being incorporated into all kinds of devices and software. By 2023, AI is all around us, with self-driving cars now more than just a fixture of science fiction films, efficient and credible virtual assistants, or countless computer programs that make use of machine learning techniques.
The figures that support the rise of this technology prove it.
Valued at ~$371 billion in 2021, things are only looking better for anyone who has invested in these technologies. It is understood that in a few years, in 2029, we will no longer be talking about the market value in billions, but in trillions. The exact figure we are talking about is $1.3 trillion, a perfect testament to how gigantic the AI market has become. To quote Dewey from the beloved TV series Malcolm in the Middle: “The future is now.”
How has AI affected businesses?
As technology advances, AI capabilities are growing and becoming not only more convenient for countless businesses, but also a new standard. Part of the reason is that AI is believed to have the ability to improve labor productivity by a whopping 40%.
The majority of IT and engineering leaders (78%) are already using or planning to use AI to automate workflow. After all, its capabilities, at the very least, make life much easier by taking over tasks that would be time-consuming and arduous for the human mind. Data management alone is something that confirms that AI is a true game-changer in the way businesses operate and take advantage of new possibilities, not to mention machine learning.
AI-adoption-plans.png
Source: Passport-Photo.online
AI improvements have also changed the SEO landscape, allowing our tools to help you even better and enhance your keyword research. You can read all about how Accuranker uses AI to help you determine search intent here.
In fact, today, professionals in almost every niche work with AI in one way or another. The technology has successfully infiltrated the mainstream to the point that 86% of workers consider it normal and nothing out of the ordinary. That’s how much we’ve become accustomed to dealing with AI.
The most popular applications of artificial intelligence include
Risk and fraud management;
Addressing cybersecurity threats;
Improving the decision-making process;
Other technology improvements (bias detection, ethics and AI explainability).
Benefits of artificial intelligence
Considering the rise of AI in recent years, the size of its market and how present it has become in everyday life, there is a case to be made that it would not have happened if its application only had a handful of advantages.
Many businessmen and women have jumped at the chance to embrace the latest technological advancements, and the effect we are seeing is that ~40% of executives believe AI will not only help their companies thrive, but will also transform the organization entirely within a few years.
Companies that have fully embraced and committed to AI-powered software point to several benefits that highlight just how much of a game-changer it has been:
86% say it has helped improve customer experience;
75% said AI was invaluable in improving decision-making;
75% also agree that the application of AI has helped innovate products and services;
70% agreed that AI also helped reduce expenses
and 64% also attributed increased productivity to the impact of AI technology.
So the picture that the latest AI statistics paint is that the path to success as a business owner is to dive in and make use of AI capabilities before the competition does the same. Particularly striking is that the first benefit mentioned is improved customer experience, which many say should be one of a company’s top priorities. If you win over the customer, you’re all set, right?
However, there are many methods to grow your business and slowly climb the metaphorical ladder. A top-notch rank tracking tool will certainly be more than helpful, and there are several ways Accuranker can help your business .
To further emphasize how important it is to embrace AI technology, according to the study, 3 out of 4 executives believe that refusing to jump on the AI bandwagon in the next five years will likely kill their businesses forever.
AI and employment
Of course, when it comes to artificial intelligence and its effect on the labor market, many people fear that robots are coming for our jobs. In their imagination, they see a robotic revolution that will take over and dominate countless niches and leave many workers unemployed.
It's actually easy to empathize with their fears, considering that, according to the study, AI is likely to replace around 85 million jobs by 2025. These statistics really put things into perspective and help one realize that some of the fears about the advancement of AI are quite valid.
Nearly half of respondents in the study believe AI has already started to take away jobs, but ultimately, AI’s impact on the labor market may not be as disastrous as some might think.
AI-powered-chat.png
Source: Passport-Photo.online
A fairly optimistic prediction is that increased automation will also create ~97M jobs, which is a good balance for all jobs that will be outsourced to robots rather than humans.
Furthermore, while we sometimes like to imagine that a robot could do everything we do at work and more, statistics show something completely different. In fact, only a small percentage of jobs (less than 5%) could be fully automated.
Increased automation is also likely to change the nature of certain jobs, as company managers integrate new technologies and seek out new employees for tasks generated by the integration, such as software maintenance, for example. What logically follows is that we expect the next few years to be the era of restructuring for many companies adapting to new technological realities.
To strike some balance and combine the amazing capabilities of modern AI-powered software and the human mind, employers are likely to rethink the list of most sought-after skills and character traits. The three skills candidates should focus on include:
flexibility
creativity;
analytical thinking.
At the end of the day, while AI is already pretty impressive, there are still limitations to what it can do, and these limitations are an opportunity for modern candidates to successfully compete in the job market.