With nearly 80% of businesses using AI in some way, the data shows that this technology is changing how we work and do business. The team at Qualtrics hand-picked 25 powerful statistics that show how businesses use AI and how widespread the technology has become. This fully illustrated graphic covers a range of topics, but each statistic has one thing in common: it demonstrates how widespread and powerful this technology has become.
A few statistics prove that AI has become a standard in the business world. Three out of four companies now use AI for at least one daily task or function. Fortune 500 companies have almost universally adopted AI into their hiring processes. They feed applications through AI apps to screen them for predicted success in the role.
AI generates a powerful profit. AI investment yields an average of $3.70 in returns per dollar spent. The AI market is projected to be worth $1.3 trillion by 2032. Currently, about 70% of businesses report increased profits thanks to AI integration.
Here are a few more stand-out statistics the team included that bring the world of AI in business to life:
• There are 70,000 AI companies all over the world.
• AI drives 70% of venture capital activity.
• Nvidia is the first company to surpass $5 trillion in market value.
• 92% of companies plan to invest more in AI over the next three years.
• 90% of Millennials are comfortable with using AI at work.
• 83% of workers feel that AI tools support their development of new skills.
• Private AI investment in the U.S. has surpassed $109.1 billion.
The team’s facts and statistics are more than interesting. They highlight the business world’s eager embrace of the technology and prove the power of AI adoption.
