AI Adoption by industry
![AI Adoption by industry](/-/media/allianzgi/ap/hongkong/insight-images/201906-hk/ai-adoption-by-industry-1120x320.png?rev=d3f19ab7fc5a478a98a1ee65973dbdae)
As with any new disruptive technology, Artificial Intelligence won't be uniformly adopted. It will be a better fit in certain sectors and for businesses of a particular type. This infographic looks at AI adoption in different market sectors across all applications.
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- US $200-300 billion of positive impact
- Tech giants expanding into other verticals such as finance, entertainment, commerce
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- US$2-10tn of impact of data- driven personalised healthcare1
- #1 end market for AI venture investments2
2 Source: CB Insights.
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- US$400-600bn of positive impact on financial services3
- Up to 8X increase in productivity4
- US$2.4tn total addressable market for alternative lending5
- 80% of institutional investors interested in alternative data6
5 Source: Ernst & Young 2016.
6 Source: Eagle Alpha.
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- US$933bn Industrial Internet of Things (IIoT) market by 20257
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- US$100-200bn of positive impact on the telecommunications industry
- US$100-200bn of positive impact on the media & entertainment industry
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- US$1.5tn market by 2030 for robo-taxis8
- US$450-750bn market for data-enabled services9
- US$720-920bn in positive economic value unlocked10
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AI and 5G: the positive feedback loop
![1920x980-AI-and-5G](/-/media/allianzgi/ap/hongkong/insight-images/202008-hk/1920x980-ai-and-5g.png?rev=5340c1d542b9448990478e48d47bc88f)
Summary
When Mount Tambora erupted in 1815, the ash blacked out the sun. Temperatures fell across the globe. Food prices soared. Horses starved and were put down. There was a transportation crisis. So, Karl von Drais invented the Laufmachine. It was supposed to be faster than a trotting horse and it was at the time, an incredible innovation. Today, we call this device, the bicycle.