Some Mind Blowing Stats About AI!

I came across an AI study last week and I thought I'll have a look. From that day onwards I kinda became addicted to reading AI studies or polls and connecting the dots to identify trends & gain an understanding of where the market is headed.

Here are some interesting stats:

-There are over 350 million registered businesses in the world

-About 35% of them use information oriented AI (like ChatGPT)

-Less than 5% of them use action oriented AI (Like AI agents)

-About 97% of business owners think AI will make them more money

-About 40% of business owners who don't use AI is due to high cost

-About 35% of business owners who don't use AI is due to lack of expertise

-The current market value of the AI industry is $200B as of 2024

-The projected market value of the AI industry for 2030 is $15.7T

-The AI market doubles in size every 8 months

These numbers vary from study to study - but not by much. Here's where the opportunity lies, and I would love to hear your thoughts on this.

Providing a DFY, budget friendly service where you help SMBs in high growth markets and emerging regions that use generative AI transition to action oriented AI with industry specific solutions and a heavy focus on education.

This is gonna be the name of the game for the next decade. To the degree you can stick to this frame, you will be very successful!

Yiannis