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Astounding Artificial Intelligence Statistics for 2020

Artificial intelligence is poised to transform the way we live, from everyday tasks to complex, large-scale projects. Our future will be molded by machine learning and automated systems. These mind-warping artificial intelligence statistics are all you need to prepare you for the artificial intelligence revolution.

Key artificial intelligence facts, editor’s pick

• Chatbots are expected to cut business costs by $8 billion.
• About 15% of surveyed companies use AI, primarily for improving customer experience.
• The percentage of help-wanted ads requiring AI skills is 4.5 times higher than in 2013.
• The median salary for senior computer scientists and managers in  machine learning is more than $127,000.
• Google’s deep learning prediction algorithm correctly diagnoses suspected tumors 89% of the time by analyzing medical heatmaps.

Artificial intelligence has come a long way since IBM introduced a mainframe that could play a competitive game of checkers. Today’s advanced AI systems are transforming the economy, culture, and even politics.

Current AI technology can be roughly divided into “weak” and “strong” AI. A perfect example of weak AI can be found in your living room in the form of smart speakers. Siri, Echo, and Alexa all have programmed responses to certain demands.

Strong AI, on the other hand, is the most important and interesting artificial intelligence technology today. Strong AI is the kind of AI featured in sci-fi movies. It aims to emulate the human cognitive process by grouping various concepts together in associational clusters. While strong AI has a long way to go before we see widespread use, there’s no doubt that it will profoundly change our lives once it passes the prototype stage.

All in all, scientists believe that the future scope of artificial intelligence will encompass almost all human activities. Here are some AI statistics to prepare you for the brave new world that lies ahead of us.

Chatbot Statistics

1. According to Gartner’s AI customer service statistics, chatbots will be responsible for 85% of customer service by 2020

(Gartner)

Artificial intelligence is still far away from taking over sales jobs, but it has proved more than useful in the customer service department. Modern chatbots learn by trial and error and gradually improve their understanding of customers’ questions. Customer service is the first among many boring jobs that will be taken over by AI.

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2. According to Crunchbase’s AI stats, more than 10,000 developers now work on building chatbots for Facebook Messenger.

(Crunchbase)

Facebook has proved itself an excellent platform for businesses to share their products. In fact, many companies use Messenger as a dedicated customer service platform.

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3. Juniper’s statistics about artificial intelligence say that chatbots could save businesses $8 billion.

(Juniper)

Although many companies already outsource customer service and try to save money that way, the truth is, it’s still expensive. Thankfully, we’re not that far from a future where AI will handle almost all customer service.

Business and AI Statistics

4. An Adobe artificial intelligence report says that only 15% of surveyed companies use AI – primarily for improving customer experience.

(Adobe)

However, the artificial intelligence statistics also reveal that 31% of those not currently using AI intend to use it within the next 12 months. In addition to improving CX through on-site personalization, companies also rely on AI and data to refine their marketing methods.

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5. Start-up companies that use artificial intelligence have increased 14-fold in number since 2000.

(Stanford)

The popularity of artificial intelligence has quite literally surged in the past two decades. With such impressive momentum, there’s no doubt we will see a huge supply of jobs in artifical intelligence.  AI courses have increased ninefold in academia in the last 20 years. Enrollment in AI-related courses at Stanford has surged 4,500%.

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6. The percentage of help-wanted ads requiring AI skills is 4.5 times higher than in 2013.

(Stanford University)

While it was believed that AI technology would be replacing humans in the workplace by now, causing widespread unemployment, the truth is quite the opposite. With more and more companies using AI, there will be a steady increase in demand for experts in the field.

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7. The three most desired AI skills on Monster.com are machine learning, deep learning, and natural language processing

(Forbes)

It’s also worth noting that the average machine learning manager makes a salary of $127,000 or more. Artificial intelligence experts earn an enviable salary.

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8. 84% of company representatives believe that investing in AI can bring more competitive advantages.

(Statista)

In fact, according to Statista AI industry statistics, 75% believe that AI has the potential to open up new businesses. They think AI and business will be inseparable, especially when it comes to giving entrepreneurs a better foothold in existing markets. About 63% state that the shift to AI will be primarily driven by a desire to cut operating costs.

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9. Forbes AI statistics state that 87% of early AI adopters say they are using or considering using AI for sales forecasting and improving email marketing.

(Forbes)

In addition, 61% use artificial intelligence for market forecast purposes. AI can efficiently navigate the hectic world of international commerce by applying big data analysis and pattern recognition in real-time, enabling marketers to create valid long-term strategies.

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10. 40% of business leaders believe AI will increase worker productivity.

(Accenture)

Accenture’s AI work statistics say AI has the potential to double annual economic growth rates by 2035. In addition to financial gains, AI’s biggest potential lies in the fact that it can fundamentally change the nature of work and the relationship between humans and technology.

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Credits: This article is originally published at Kommando Tech

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Jovan Milenkovic

Kommando Tech

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