GenAI - The NEW FRONTIER
Generative AI is likely the most significant technological advance we have had in decades. It is already impacting all industries and businesses worldwide, and its future evolution is to penetrate all aspects of our lives.
GenAI - Present & Future
The current state of GenAI is very impressive:
$44 billion
The global generative AI market in 2024
92%
Fortune 500 adopted generative AI
95% future
customer interactions may involve AI
73%
Marketing departments use GenAI
AI Software Market
Statista forecasts that the global AI software market will experience rapid growth, with revenues expected to reach approximately $126 billion by 2025. And this is only the beginning.
Deloitte’s “State of AI in the Enterprise” 3rd Edition reports that 83% of companies claim AI is a strategic priority in their business today, signalling a widespread recognition of AI’s transformative potential. Also, 64% of executives want to adopt generative AI (Google) and 94% of business executives believe that AI is a key to success in the future (Deloitte)
AI Future Growth
Bloomberg forecasts a very strong long-term future growth for Generative AI technology:
- Generative AI assistant software could make $89 billion
- Under hardware revenue, AI servers might generate $132 billion
- Conversational AI devices might contribute $108 billion
- Automated test case creation
- AI storage, on the other hand, may bring an additional $93 billion
- Computer vision AI products might make $61 billion
The New Technology
The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it.
Bill Gates
Embrace The GenAI Revolution
If you want to stay up to date with the fast market evolution and ensure that your business potential is not negatively impacted by not using the latest technology advances, you must consider how GenAI can be included in your company processes and products.
GenAI help could arrive in your organisation as a customer support assistant/customer service automation, a specialised chatbot for your departments, a smart knowledge base solution or an AI-driven productivity tool. AI solutions can help with:
Content Creation
In-store Security and Surveillance
Product Recommendations
Market Forecasting
Customer Relationship Management (CRM)
Advanced Business Data Analysis/BI
Price Optimization
Fraud Detection
Payment Services Management
Reports, Summaries, Projections
Let’s Meet
Contact us to have a free workshop with our AI team, where we can discuss the AI opportunities applicable to your business and come out with an actionable plan and roadmap.