11 months See the Programme Residence ResourcesMachine Learning and AI2024's Must-Know Artificial Intelligence Statistics 2024's Must-Know Artificial Intelligence Statistics From Simplilearn Spread the Word about This Article: Nov 7, 202348547 was the last update. 2024's Must-Know Artificial Intelligence Statistics Table of Contents The adoption of intelligent, data-driven technology in enterprise applications is occurring at an unprecedented rate in the digital age, upending conventional workplace practices and completely changing the company environment. Artificial Intelligence (AI) and its variant, Machine Learning (ML), are at the forefront of all innovative technologies. Business executives concur that the two main forces behind the Industry 4.0 transformation are artificial intelligence and machine learning.Artificial Intelligence is having a growing impact on all industries, including healthcare, automotive, agriculture, hospitality, manufacturing, and education.Artificial Intelligence Facts

• AI-enabled devices are everywhere. Nearly 77 percent of devices today use AI technology in one form or another.
• The growth of AI startups accelerated 14-fold since 2000. And we’d bet more of them are coming up every year. 
• Business leaders trust AI’s power in driving growth. 84% of C-level executives believe that they need to adopt and leverage Artificial Intelligence to drive growth objectives.
• The global AI market is booming. It will reach 190.61 billion dollars by 2025, at a compound annual growth rate of 36.62 percent.
• By 2030, Artificial Intelligence will add 15.7 trillion dollars to the world's GDP, boosting it by 14 percent.
• There will be more AI assistants than people in this world. Forecasts indicate that there will be 8.4 billion AI-powered digital voice assistant units in the world by 2024, which surpasses the total global population.
  Terms used interchangeably with artificial intelligenceUsually, different terminology is used while talking about artificial intelligence. It can become unclear and complicated if you are not an expert in the field. There is a difference between terms like artificial intelligence, machine learning (ML), and deep learning (DL).

Artificial intelligence is an umbrella term used for a branch of computer science in data and analytics. It refers to the ability of hardware or software to acquire and apply knowledge and “think” or “behave” like a human. This includes processes such as planning, problem-solving, and reasoning. ML and DL both fall under the umbrella of AI, so neither can be interchangeably used with artificial intelligence.Artificial Neural Networks (ANNs) work similarly to the human brain. So - deep learning falls under ML.
 A McKinsey survey from 2021 found that 56% of companies have adopted AI in at least one function within the organization, which is an increase from 50% the year prior.