"Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war."

- A statement signed by a group of tech leaders in AI, including Same Altman, CEO of ChatGPT

People all over the world are starting to feel a massive technological shift. This is only the beginning of what will be a profound effect on humanity as artificial intelligence continues to progress and show up in different areas of our daily lives. When ChatGPT was launched in November of last year, the future suddenly became palpable, and the question on everyone’s mind remains; how will this shape our future?

Given the adaptable nature of AI, we will see it pop up across industries from healthcare to entertainment. With the ability to handle massive amounts of data, learn at unprecedented rates, and respond to changing needs and environments, AI is a tool that we will likely become more and more dependent on as time goes by– but this may not be a negative thing. In fact, those that embrace the changes will be the ones that thrive. Businesses must leverage AI while keeping a backup plan to survive without it, should it ever come to that.

More specifically, businesses are seeing a shift in operations and processes thanks to the AI tools made available to the public. Companies and corporations are already adopting this new technology and the ones that do so earlier will have an edge over those that are hesitating. So, what’s the best thing you can do for your business right now? Learn. Keep an ear to the ground for the latest trends, developments and uses in technology. Get creative with the ways AI could change the game for you.

To help, we’ve put together a list of the top 15 AI statistics for businesses in 2023 so far– and we plan on updating the list as more developments come up.

Because remember, AI is not some looming sci-fi figure on the horizon of the far future… it’s already here.

Artificial Intelligence Facts and Statistics for 2023:

UNPRECEDENTED GROWTH RATE

From 2023 to 2030, an annual growth rate of 37.3% is expected for Al.

(Forbes, 2023)

LABOR SHORTAGE SOLUTION

25% of companies are using Al to solve the labour shortage issue.

(IBM, 2023)

INCREASED PRODUCTIVITY

Over 60% of businesses believe Al will increase productivity.

(Forbes, 2023)

BUSINESS OWNERS & CHATGPT

97% of business owners believe ChatGPT will help their business.

(Forbes, 2023)

CUSTOMERS TRUST AI

65% of consumers say they'll still trust businesses that use Al.

(Forbes, 2023)

BUSINESSES ALREADY ONBOARD

In 2023, an estimated 35% of businesses already use Al.

(BusinessDIT, 2023)

GAIN A COMPETITIVE EDGE

83% of well-known companies think Al will help them maintain or gain a competitive edge.

(BusinessDIT, 2023)

THE CLOCK IS TICKING

42% of companies are exploring Al for its implementation in the future.

(Crossriver Therapy, 2023)

ECONOMIC BOOM

AI could potentially contribute $13 Trillion to the global economy by 2030

(Crossriver Therapy, 2023)

JOBS BECOMING AUTOMATED

By 2030, it's predicted that up to 30% of jobs will be automated through the use of AI technology.

(Crossriver Therapy, 2023)

CUSTOMER SERVICE

AI chatbots can handle 80% of all customer service interactions, saving customer service costs by 30%.

(IBM, 2018)

BUSINESS ADVANTAGE

72% of executives believe that AI will be the most significant business advantage of the future.

(Scaled Agile, Inc., 2023)

BIG COMPANIES ARE ADOPTING FASTER

According to research, bigger companies are 60% more likely to adopt artificial intelligence compared to smaller companies.

(IBM, 2022)

BUSINESS LEADERS IN AI

Business leaders are roughly twice as likely to report substantial value from AI initiatives to improve productivity, decision-making, customer experience, product and service innovation, employee experience and more.

(PWC, 2022)

THE GLOBAL COMPETITION

Chinese and Indian companies have the highest levels of AI adoption at nearly 60%.

(Crossriver Therapy, 2023)

The Takeaway

In the end, it’s up to business leaders to leverage AI technology to steer their companies in the right direction. This time of uncertainty will be short-lived, and you’ll only have so much time to catch this AI wave. Think about when the Internet first became widespread… With big changes come great opportunities, and while there will be masses too scared to make a move, the handful of innovators that seize this technology will see results. Which one will you be?

Interested in making your move? We can help. Go to our AI page to learn more about how you can get your business to the next level using AI.

Written by Natalie Mansilla

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ISU Corp is an award-winning software development company, with over 17 years of experience in multiple industries, providing cost-effective custom software development, technology management, and IT outsourcing.

Our unique owners’ mindset reduces development costs and fast-tracks timelines. We help craft the specifications of your project based on your company's needs, to produce the best ROI. Find out why startups, all the way to Fortune 500 companies like General Electric, Heinz, and many others have trusted us with their projects. Contact us here.