The market for Artificial Intelligence is expected to reach $270 billion by 2027.

A whopping is expected to emerge by 2030. While 77% of consumers already use a machine’s artificial intelligence capabilities, only 33% know they're doing so.

AI was widely adopted in the finance, retail, and IT sectors. In the finance sector, it grew by 37% and 27% in the retail sector.

83% of businesses say that developing AI algorithms is crucial to their success.

33% of companies use AI as a tool for business analytics, 25% as a tool for security, and 16% for sales and marketing. However, 40% say their strongest motivator for adopting AI is the simplification of customer experience.

About half of companies that use AI believe it has increased productivity, while 80% of business leaders think its potential is yet to be reached.

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