Saturday, 9 March, 2024
AI, data and business statistics
AI is advancing at an incredible rate. We like to keep up with the latest technological, economic, and social trends and statistics, as they help shape unique insights for our clients.
Here are a few of the many AI statistics we maintain. Please feel free to contact us for further information or if you have any specific questions regarding statistics or trends in the field of AI.
Click a heading to read more.
AI and retail
39% retail leaders say they are not currently using any AI technologies, while more than half (54%) of retail leaders believe the ability to develop new processes will be an important skill for their staff in the next five years. – Microsoft, March 2024
AI and Work
62% of leaders at AI-fueled organizations are excited about what AI will bring – Deloitte, March 2024
Shifts in workflows triggered by AI could expose the equivalent of 300 million full-time jobs to automation – Goldman Sachs 2023
60% of today’s workers are employed in occupations that didn’t exist in 1940 – Goldman Sachs 2023
Two-thirds of U.S. occupations are exposed to some degree of automation by AI – Goldman Sachs 2023
Our thoughts: This is not surprising. As all companies strive to increase efficiency, they will look to adopt all forms of automation. While this may lead to some job displacement, it also opens up opportunities for workers to focus on higher-value tasks that require human skills such as creativity and critical thinking. Ultimately, embracing automation can lead to a more productive workforce and a stronger economy.
85% of employment growth over the last 80 years is explained by the technology-driven creation of new positions – Goldman Sachs 2023
Our thoughts: These are incredible stats that illustrate how technology shapes the economy. AI will have a huge impact on the economy of the future. As artificial intelligence continues to advance, it will revolutionize various industries and lead to the creation of new jobs that we can’t even imagine yet. The integration of AI into businesses will increase efficiency and productivity, ultimately driving economic growth. It is crucial for individuals and businesses to adapt to this changing landscape in order to thrive in the economy of the future.
Today 45% of employees are concerned their job could be taken by AI, and yet 51% are not actively learning new skills to keep up with future changes to their work as a result of AI – Microsoft, March 2024
46% of UK leaders believe it is worth investing in retraining their current workforce… but 32% are unsure about how to start doing so. – Microsoft, March 2024
AI and performance
Organisations already on the AI journey are outperforming other organisations by 5% on factors like productivity, performance, and business outcomes – Microsoft, March 2024
Organisations that are investing in establishing the right approach to AI now outperform those that don’t by 9% – Microsoft, March 2024
AI strategy
Half UK leaders (51%) say their organisation does not have an AI strategy in place – Microsoft, March 2024
Generative AI
Generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually – McKinsey 2023
Generative AI could add 7% or almost $7 trillion to global GDP – Goldman Sachs 2023
