Most businesses worldwide have yet to implement AI and machine learning or are still in the research phase.
According to a June Workday poll, 42% of firms in North America have not used AI or machine learning, while 22% are rolling it out and 21% are scaling up the technology.
According to a June prediction by Insider Intelligence/eMarketer, more than 100 million people in the United States will utilize generative AI by 2024, representing exponential adoption rates since the launch of ChatGPT in November 2022.
According to S&P Global Market Intelligence, the most popular reasons for decision-makers worldwide to build AI and machine learning applications are to improve product or service quality and achieve cost savings in IT and operations.
According to a Forrester projection cited by Forbes, the generative AI business will increase 36% annually until 2030.
More interesting AI applications will be accessible for business owners as Big Tech companies like Microsoft, Amazon, and Oracle improve their offerings.