Is your company exploiting the potential of artificial intelligence?

If not, it should start immediately. The innovative application of AI in businesses leads to the creation of competitive advantage in their processes and products. Below we will look at the trends that will shape the field of AI in the business world from 2024 onwards.

Trends and statistics for Artificial Intelligence

• By 2027 the AI market is expected to reach 407 billion. Dollars [Source: Marketsandmarkets, Forbes]
• 64% of companies believe it will increase productivity. [Source: Forbes in house survey]
• The AI market is expected to grow by 37.3% each year until 2030. [Source: GrandViewResearch]
• The industry is set to gain the most economic benefit from the adoption of AI, expecting an increase of 3.8 trillion. dollars by 2035. [Accenture]
• 64% of businesses believe AI will improve customer relationships, while 42% believe AI will streamline processes. [Forbes Advisor]
• 65% of customers say they trust companies using AI, provided they handle it responsibly and transparently. [Forbes Advisor]

How AI is used by businesses today:

Machine learning

The main purpose of machine learning is to process huge amounts of data at speed. The amount of data is incomprehensible, making it impossible for humans to understand and draw conclusions. The more information this AI receives from connected devices and the Internet of Things, the more it learns and improves. This converts the data into a format that users can understand.

Cybersecurity

AI plays a critical role in the field of cybersecurity. It can detect attacks and threats by tracking data entry patterns.

Customer relationship management

Existing CRM software needs constant testing and updating to remain current. However, adding AI to these systems refreshes and corrects them automatically, drawing better conclusions for customers in less time.

Personal digital assistants

AI bots now also function as personal digital assistants, answering emails, managing the calendar, and providing suggestions for process optimization.

Verus+ and AI technologies

At Verus+ we have become familiar early on with the possibilities of artificial intelligence. We have the necessary expertise to apply them to your company’s needs. Some of the AI applications we have created so far are:

• Identification of documents and automatic entry in ERP
• Automatic description completion for new items
• Automatic translation of the content with high accuracy

Come with us to create the competitive advantage of your business.