AI Adoption by industry
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.
- US $200-300 billion of positive impact
- Tech giants expanding into other verticals such as finance, entertainment, commerce
- US$2-10tn of impact of data- driven personalised healthcare1
- #1 end market for AI venture investments2
2 Source: CB Insights.
- 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.
- US$933bn Industrial Internet of Things (IIoT) market by 20257
- US$100-200bn of positive impact on the telecommunications industry
- US$100-200bn of positive impact on the media & entertainment industry
- 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
AI and 5G: the positive feedback loop
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.