AI use in industries is rapidly transforming many aspects of corporate operations, product development, and customer relations. In our new infographic titled ”AI Adoption Trends Across Industries: Key Stats and Insights” we identify the industries that are currently at the forefront of AI implementation and share some insights on how these industries are using AI to gain competitive advantage.
AI now is no more futuristic, it has become an integral part of industries such as banking/finance, healthcare, information technology, manufacturing, and retail to name but a few.
The use of Artificial Intelligence is revolutionalizing operations, customer interfaces and product design towards the creation of a smarter and efficient economy. It is now evident that AI has many applications in business growth and determining its strategic directions.
In this infographic, we have looked at the Top 5 Industries We will see leading AI Adoption in 2024:
- The banking and finance industry is making use of AI in the automation of processes, reducing insecurity and individualization.
- Moreover, medicine and health care are ripe for the use of artificial intelligence in the diagnosis of diseases and in creating individualized treatment plans, and information technology are vigorously new developments through the use of artificial intelligence in cyber security and data management.
- In the manufacturing industry, smart factories and predictive maintenance are bringing massive enhancements and in the retail, clients interacting enhancement and business improvements are being facilitated by the adoption of AI.
The numbers also do not lie and clearly share a story to tell. The former is banking and finance at 43%, and the latter is healthcare, which is quickly seeing the value of this type of disruptive technology.
Hence, IT adoption is poised to increase from 13.8% in the current year to 21.8% the next year and thus AI is becoming an innovation in cybersecurity and data management.
The usage of AI is increasing at 12% in manufacturing, smart production is on the rise, and automation is dramatically increasing the efficiency of production processes.
While in its later stage professional and personal service and civil construction industries with only 4% of AI adoption, have been seeing a massive trend towards the adoption of AI.
AI is not just the implementation of technology – it is about generating worth and returns for organizations. Beginning with the next generation of growth technologies in banking and IT, to ongoing enhancements in products and processes in manufacturing and health care, AI is enabling companies to realize possibilities that were earlier unimaginable. These industries are investing in AI for growth, customer experience, and cost optimization – making AI a core safety lever in their planning.
In addition to the comparison of industries with AI adoption rates, our infographic delves into the specific business concerns and objectives behind AI deployment, including the protection of intellectual property, to improve product design and development.
Furthermore, with the recent advancement of artificial intelligence systems, it is encouraging that more businesses than ever are investing in AI hoping to establish new sources of competition and growth.
Wrapping Up!
Therefore, it is evident that the use of AI in various industries is rapidly increasing, which creates a platform for more advancement and value. If you belong to an industry that has already adopted AI or seeking to include AI solutions in your company we have a ready infographic that you will find very informative on how AI is changing the business environment.
If you are willing today to utilize Artificial Intelligence for your organization and realize the value it brings, then you are at the right place ScalaCode. Standing as an AI software development company, we aim to educate and enable businesses of various scales to integrate and leverage AI to future-proof themselves. Together let’s create a future that is smart!
+91 886 026 2674
