fbpx

Contents

Looking for a WMS
with Advance Features?

How Artificial Intelligence is Transforming Industries

Share this post

Artificial intelligence (AI) is no longer science fiction. It’s rapidly transforming our world, and its impact is being felt across a vast array of industries.  

From streamlining factory production to providing life-saving medical diagnoses, AI is making significant strides.  

But just how much of a difference is it making? This article delves into the data, revealing the impressive statistics that showcase how AI is revolutionising industries by the numbers. 

AI Statistics in Warehousing 

Since warehouse operations rely heavily on software and digital technology it is no wonder AI has been creating opportunities in this space. 

The benefits nearly touch every aspect of warehouse operation — from software enhancements to analysis of product movement patterns and improvement of warehouse space management — for faster picking and shorter travel times.  

The benefits of AI capabilities are almost endless in this space, which is why many brands and retailers are becoming more dependent on AI technology.  


  • Around 80% of retail executives expect their businesses to adopt AI automation by 2025.  
    Analytics Insight 
  • Around 74% of supply chain leaders are increasing their investments in technology, most of which will go toward AI-powered automation solutions, like warehouse robotics. 
    MHI Annual Industry Report 
  • AI-powered software can potentially improve warehouse productivity by up to 40%.
    — Modern Materials Handling 
  • 65% of senior supply chain executives consider AI essential for responding to future logistics challenges. 
    Forbes 
  • AI in logistics market will reach a value of $4.5 billion by 2023, with a Compound Annual Growth Rate (CAGR) of 28.5%. 
    Statista 
  • The global artificial intelligence market size was valued at $150.2 billion in 2023 and is expected to grow at a CAGR of 36.8% from 2023 to 2030. 
    Markets and Markets 

AI Statistics in Consumer Goods 

Consumer goods companies increasingly rely on AI to understand customer behaviour in today’s digital landscape, as it depends heavily on sophisticated data analysis.  

This necessity sparks a competitive arms race to develop innovative AI tools that boost sales performance. In this context, solutions like SEQOS’s enterprise software naturally come into play. By facilitating e-business and data integration, they enable more accurate trend predictions, personalised recommendations, and targeted marketing strategies.

These capabilities are essential for effectively driving sales in a data-driven market. Here are some statistics of how impactful AI is becoming in this industry –  

  • AI spending in the retail industry is expected to reach $20.05 billion by 2026, a compounded annual growth rate of 39% since 2019. 
    Comptia.Org 
  • Artificial intelligence contributes 10-15% efficiency improvement in supply chains in the consumer goods industry. 
    Gitnux.Org 
  • More than 50% of companies involved in consumer goods are considering AI technologies for enhanced logistics and supply chain operations. 
    Gitnux.Org 
  • 64% of senior supply chain executives consider AI essential for responding to future logistics challenges, particularly in the fast-paced consumer goods industry. 
    Forbes 
  • Nearly half (47%) of all logistics and supply chain companies involved in consumer goods see AI as a key technology. 
    Tata Consultancy 

AI Statistics in Education 

AI systems can help create individualised learning plans, identify students at risk of falling behind, and even automate repetitive grading tasks. So, no wonder this technology is making a big impact in this industry. 

Its use in traditional teaching not only frees up valuable teacher time but also allows them to focus on what they do best: providing one-on-one interaction to help foster creativity and nurture a love of learning in their students. 

AI is already transforming how schools teach their students. Here are some data about its impact: 

  • The education sector is already one of the most heavily influenced by AI in the U.S., and automation in this industry is expected to rise up to 54%. 
    Statista 
  • More than half of the respondents in the education sector said that they believe AI has a positive effect on the teaching and learning process. 
    Forbes Advisor’s Survey 
  • AI tools for learning support are also growing in popularity, with 60 % of educators admitting to using AI in their classrooms. However, they don’t believe AI will take a central role in education.
    Forbes Advisor’s Survey 
  • More than 70% of teachers are optimistic about the role of AI in education. 
    Oxford University Press 
  • Around 38% of school teachers say they have used AI-based tools in their teaching 
    Oxford University Press 

AI Statistics in Healthcare 

Since the turn of the century, AI has been tested in various healthcare applications in research and practice, with many different use cases.  

AI can analyse medical images and raw medical data for faster and more accurate diagnoses. It can also help predict disease outbreaks and personalise drug discovery and development. 

These examples are just the tip of the iceberg. AI will have much more potential as it evolves and adapts to specific medical use cases.   

However, despite its benefits, this topic does spark controversy for medical care workers and patients alike, with some clearly hesitant about the role of AI in patient care. 

  • Around 20% of healthcare organisations have adopted AI models for their healthcare solutions. 
    Statista 
  • Using AI in healthcare has reduced around 20% of physicians time in administrative tasks, freeing them to do more diagnostic work. 
    Statista 
  • AI-powered nurse aides can also save around $20 billion annually by cutting down time that nurses spend on patient maintenance duties.  For instance, Sensely’s “Molly” chatbox can ask patients questions and evaluate their symptoms so that they can be directed to the right resource. 
    Radix Web 
  • 38% of Americans think that AI in health and medicine would lead to better overall outcomes for patients. 
    Pew Research 
  • Six-in-ten U.S. adults say they would feel uncomfortable if their own health care provider relied on artificial intelligence to do things like diagnose disease and recommend treatments. 
    Pew Research 

AI Statistics in Finance 

Financial experts are witnessing a shift as AI redefines data analysis, decision-making, and even customer service in the financial world. 

AI is unlocking real value for businesses and consumers alike. By automating tasks, generating sharper insights, and personalising experiences, AI is poised to make financial services faster, more efficient, and even more secure. 

Here are several interesting statistics in the financial industry:

  • Over 30% of financial services companies use AI in product development 
    Statista 
  • Over 40 percent of financial institutions used generative AI, with more ongoing explorations among industry leaders. 
    Statista 
  • Sales of software, hardware, and services for AI systems climbed 29 percent in 2023 to $166 billion and top $400 billion in 2027. 
    International Monetary Fund 
  • 80% of hedge fund managers use ChatGPT for professional and/or personal means, whilst another 10% are considering using it in the future. 
    International Monetary Fund 
  • Over 80% of Fortune 500 companies had adopted ChatGPT within their business by August 2023. 
    OpenAI 

AI Statistics in Food 

Whether optimising supply chains to reduce waste or adopting smart agriculture practices to improve yield, AI impacts efficiency, personalisation, and sustainability.  

AI is transforming the food industry, not with robots making pizza (although that might be cool), but by improved processes in supply chains, personalising experiences, and promoting sustainable practices. 

This leads to significant efficiency gains and cost reductions all around, from farm to table. 

  • AI can help reduce production costs by almost 20% in the agriculture sector. 
    Throughput 
  • The market for artificial intelligence in food is projected to be worth $9.68 billion in 2024 and increase at a compound annual growth rate of 38.30% to reach $48.99 billion by 2029. 
    Statista 
  • Implementing AI purchasing systems in two grocery retail chains significantly reduced food waste, with an average reduction of 14.8% in food waste per store. 
    Pacific Coast Collaborative 
  • McDonald’s automated order-taking software has an 85% accuracy rating and reduces service time by 30 seconds, leading to improved customer satisfaction. 
    FRLA 
  • AI is poised to revolutionise inventory management, slashing inventory levels by 10-25% and minimising wasted expenses on obsolete products by 30-50%. 
    Food Logistics  

Other AI Statistics 

AI is no longer a futuristic fantasy but a powerful tool that drives real business results in various industries. 

In fact, AI is already delivering real value for businesses today. Think of significant revenue boosts, streamlined operations, and even happier employees. From automating repetitive tasks to generating data-driven insights, AI is now becoming a treasure trove of opportunities for businesses.

 

Let’s explore the data and see how AI is impacting businesses in impactful ways: 

  • On average, businesses can expect a 6% to 10% revenue increase from adopting AI – but that’s not all: AI could also increase labour productivity growth by 1.5 percentage points over the next decade. 
    Statista 
  • Around 83% of companies already claim that using AI in their business strategies is a top priority, with automated email and chatbots among the most common uses of AI in everyday business communications. 
    Forbes 
  • There is an average of 20% increase in operation efficiency for businesses that are using AI. 
    IBM 
  • By using ChatGPT, 46% of American companies saved between $25,000 and $70,000 in 2023.
    Statista 
  • Existing AI technologies can automate tasks that can free up between 60% and 70% of workers’ time. 
    McKinsey Report 

Conclusion 

The statistics paint a clear picture: AI is no longer science fiction. It is now a revolutionary way to reshape industries at an unprecedented pace. 

From optimising supply chains to personalising learning and healthcare, AI drives efficiency gains, productivity boosts, and even increased sales. 

While there are some ethical considerations and concerns around job displacement, AI’s potential for positive change across every sector is undeniable. 

Whether you’re a business leader, an educator, or a person curious about the future, book a demo with us – it’s time to explore how AI can transform your business and your future. 

Looking for a WMS
With Advanced Features?

Time to optimise your warehouse with an effective software solution.
Book a Free Demo today!

Are you ready to start?

Find out what our software has to offer, its completely free.

Book a free consultation

    Looking for a WMS
    with Advance Features?