What has been the impact of AI on businesses?

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How is the AI ​​market doing?
To say that the market is booming would be an understatement, considering that AI technology is slowly entering every aspect of our lives and is being incorporated into every type of device and software. In 2023, AI is all around us: self-driving cars are already more than just a science fiction movie, effective and believable virtual assistants or countless software that uses machine learning techniques.

The numbers of the rise of this technology prove it.

With a value of around $371 billion in 2021, things can only get better for those who have invested in these technologies. It is predicted that in a few years, in 2029, the market value will south africa whatsapp no longer be in billions, but in trillions. The exact figure we are talking about is $1.3T, a perfect testament to how gargantuan the AI ​​market has become. To quote Dewey from the beloved TV show Malcolm in the Middle, "The future is now."

As technology advances, AI capabilities are growing and becoming not only more affordable for countless businesses, but also a new standard. Part of the reason is that AI is believed to be able to improve labor productivity by as much as 40%.

Most IT and engineering leaders (78%) are already using AI or planning to do so to automate their workflow. After all, its capabilities, at the very least, make life much easier by handling tasks that would take a lot of time and effort for the human mind. Data management alone is evidence that AI is a real game-changer in the way companies operate and exploit new possibilities, not to mention machine learning.