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AI & Impacts to Industry

AI & Industry

It is expected that AI (Artificial Intelligence) will be imbedded into a wide array of industrial uses cases to optimize current processes, work loads, drive decision making, improve efficiency, and optimizes the output of organizations and individuals. Artificial Intelligence, most commonly referred to as AI, broadly refers to applications of technology to perform tasks that resemble human cognitive function and is generally defined as the capability of a machine to imitate intelligent human behavior. Industries have already began significant investment into AI to prepare for an ever changing business landscape. Industries ranging from retail, healthcare, life sciences, transportation, aerospace, finance, manufacturing, and public sector have already made strides into the AI. These industries expect to leverage AI to improve efficiency, identify opportunities, identify disease, R&D, market analysis, risk & fraud detection, improve public safety, and detect crime. AI will be the next technology to give your company the edge in the market place and offer resiliency for the future.

AI Trends

Trends:

  • According to Forbes AI market size is expected to reach $407 billion by 2027

  • According to Forbes AI will have an estimated 21% net increase on the United States GDP by 203

  • ChatGPT had approximately 180 million users as of December 2023

    • It is currently one of the most popular AI technologies used across the world

  • Stable Diffusion has over 10 million users

    • Stable Diffusion is a prominent market leader in text-to-image generation

How We can Help

Hedge against the future and partner with us to incorporate AI solutions into your company and optimize your outcomes and long term market growth. Please reach out to us for your AI solutions needs. You can reach out to us, using this link.

Mohammad Iqbal