Artificial intelligence (AI) is heavily used for service operations and strategy and corporate finance, with nearly all industries reporting around 20 percent usage of AI in these functions. The greatest use of AI in product making was in the risk industry, with over 38 percent of respondents using AI in 2022. The use of AI in manufacturing and marketing is low, as these can require individual human instincts and so lend themselves less easily to AI applications.
AI adoption isn’t easy
It is no easy task to adapt a new technology of such widespread use as AI. There are numerous pitfalls and problems, both from the use of the technology itself but also from actions by outside agents causing issues. Companies considered cybersecurity to be chief among the risks being mitigated when adapting AI in 2023. In addition, regulatory compliance was a considerable challenge, stemming from a strong need to respect information privacy among users.
Employment faces steep headwinds
AI will have a considerable effect on the labor needs of nations worldwide. Of the many professions, office and administrative support are facing the greatest risk of automation. These are linear and formulaic positions, with many of their duties delegable to advanced programs.
Artificial intelligence (AI) adoption worldwide 2022, by industry and function
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Stanford University. (April 15, 2023). Artificial intelligence (AI) adoption worldwide 2022, by industry and function [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1112982/ai-adoption-worldwide-industry-function/?ref=hackernoon.com
Stanford University. "Artificial intelligence (AI) adoption worldwide 2022, by industry and function." Chart. April 15, 2023. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1112982/ai-adoption-worldwide-industry-function/?ref=hackernoon.com
Stanford University. (2023). Artificial intelligence (AI) adoption worldwide 2022, by industry and function. Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1112982/ai-adoption-worldwide-industry-function/?ref=hackernoon.com
Stanford University. "Artificial Intelligence (Ai) Adoption Worldwide 2022, by Industry and Function." Statista, Statista Inc., 15 Apr 2023, https://www.statista.com/statistics/1112982/ai-adoption-worldwide-industry-function/?ref=hackernoon.com
Stanford University, Artificial intelligence (AI) adoption worldwide 2022, by industry and function Statista, https://www.statista.com/statistics/1112982/ai-adoption-worldwide-industry-function/?ref=hackernoon.com (last visited October 07, 2024)
Artificial intelligence (AI) adoption worldwide 2022, by industry and function [Graph], Stanford University, April 15, 2023. [Online]. Available: https://www.statista.com/statistics/1112982/ai-adoption-worldwide-industry-function/?ref=hackernoon.com