The document highlights that the artificial intelligence (AI) industry is projected to grow to $118.6 billion by 2025 with a compound annual growth rate of 55.6%. It notes that 79% of executives believe AI tools have improved productivity, and 54% of brands have either implemented or are planning to implement AI by 2020. Additionally, it discusses the extensive potential incremental value of AI across various sectors including healthcare, finance, and logistics.

1. Artificial
IntelligenceStats
AIWILLGROWINTOA$118.6
BILLIONINDUSTRYBY2025
statista.com
mckinsey.com
THEFORECASTCOMPOUNDANNUAL
GROWTHRATEOFTHEAIMARKET55.6%alliedmarketresearch.com
ofexecutivessayAIwillmake
workeasierandmoreefficient
eiuperspectives.economist.com
79%
ofexecutivessayAItoolshave
boostedproductivity
pwc.com
54%
ofbrandshavealreadyorare
planningtoimplementAIby2020
oracle.com
ofbrandshavealreadyorare
planningtoimplementAIby202078%
Potentialincrementalvalue
fromAIoverotheranalyticstechniques,%
Travel
Transport
andLogistics
Retail
Automotive
andAssembly
HighTech
OilandGas
Chemicals
Mediaand
Entertainment
Basic
Materials
Agriculture
Consumer
PackagedGoods
Banking
Healthcare
Publicand
SocialSectors
Telecom
Pharmaceutical
Products
Insurance
Advanced
Electronics
Aerospace
andDefense