It’s no surprise that as the area of artificial intelligence (AI) develops and grows, more and more data will be created. There has to be a step back from all the amazing technological advancements being made right now so that we can examine the data. In this piece, we’ll look at some of the most unexpected facts concerning artificial intelligence’s current development and its global influence.
The enormous sums of money being invested in AI are one of the field’s most eye-catching facts. The National Science Foundation reports that $26 billion was invested in AI worldwide in 2018, with an expected increase to $190 billion by 2025. New, innovative technologies are being developed thanks to the industry’s meteoric rise, which is in turn being fueled by the tremendous infusion of capital.
The quantity of new employment being generated in artificial intelligence is also startling. There has been a 74% increase in job posts for AI-related professions since 2013, according to data from Indeed Hiring Lab. The World Economic Forum predicts that by 2022, AI will generate 2.3 million new employment, and this growth tendency will continue. More info: artificial intelligence stats
However, AI’s usefulness extends well beyond the IT sector. The technology is also having a significant impact in other areas. The healthcare sector, for instance, is using AI to enhance patient outcomes while simultaneously decreasing expenses. Accenture found that by 2026, artificial intelligence may save the US healthcare system $150 billion annually. In a similar vein, artificial intelligence (AI) is being used by the retail sector to enhance the shopping experience and boost revenue. The National Retail Federation conducted a research which revealed that stores using AI witnessed an increase of 6-10% in sales.
A lot of people are worried about how AI may affect their careers and the economy. The enormous number of occupations that might be automated is only one indicator of this widespread fear. McKinsey Global Institute estimates that by 2030, as many as 800 million occupations might be at danger of being automated. On the other hand, the same analysis predicts that new, higher-skilled employment would emerge, requiring cooperation between humans and machines.
The potential for gender and racial prejudice in AI is another fact that has some worried about the future of our civilization. Research conducted by the AI Now Institute found that persons of African descent are disproportionately impacted by prejudice in face recognition software. In a similar vein, the World Economic Forum revealed that just 22% of AI experts are women. In light of these numbers, it is clear that tackling prejudice throughout the creation and implementation of AI is crucial.
In conclusion, artificial intelligence (AI) is a fast developing field that produces ever-increasing amounts of data. As we go forward in this promising area, it’s useful to step back and examine the data that supports our successes. The AI figures are absolutely astonishing, from the vast amounts of investment being put into the subject to the number of jobs produced and the influence on various businesses. The possible negative effects of AI on employment and society must be taken into account, though. In general, AI has a bright future, and it will be fascinating to see how these numbers change over the next several years.