There are numerous myths about artificial intelligence. One such misconception is causing the global workforce to worry that AI and automation will see countless people losing their jobs. These people are anxious that super-intelligent computers will become better than humans at pretty much everything. Along with this fear, comes the somewhat sci-fi inspired worry that the spread of smart machines will one day see humans being overthrown by robots.
Want to know the facts about how AI will affect your business in the not too distant future?
Check out the following stats:
- According to the International Data Corporation (IDC), 75% of developer teams will include AI functionality come 2018.
- And by 2019, 40% of digital transformation initiatives – and 100% of IoT initiatives – will be supported by AI.
- Forrester forecasts that insights-driven businesses will steal $1.2 trillion per annum from their less-informed peers, by 2020.
- The artificial intelligence market will surpass $40 billion by 2020 and will exceed $100 billion by 2025, Constellation Research predicts.
But don’t let these timelines confuse you, artificial intelligence isn’t something that businesses need to pay attention to in the future, it’s already here. Don’t believe us? Here are some of the most popular examples of artificial intelligence already in use today:
Amazon.com: The US e-commerce giant has successfully been using transactional AI for quite some time. The company has become particularly astute at predicting what we may be interested in based on previous online behaviour.
Netflix: This entertainment company uses AI and predictive technology to suggest films and TV shows users may like based on their viewing history.
Siri: Apple’s vice-activated personal assistant, Siri, makes our phones more efficient. Machine-learning technology sees Siri getting smarter and better predicting and understanding our questions and requests.
Tesla: Aside from manufacturing impressive automobiles, Tesla is leveraging AI to make some impressive progress around self-driving capabilities.
Ready or not, artificial intelligence is here. And it’s here to stay. Don’t want to miss out? Subscribe to out monthly newsletter below.