HelloSafe, the platform to compare financial products, analyzed the current advances in the development of Artificial Intelligence (AI) globally, addressing the trends, opportunities and challenges that companies face when implementing this technology and the investment potential in the market global by 2025.
The company found that the Covid-19 pandemic has accelerated the adoption of artificial intelligence (AI) in companies in Latin America, with an increase in the region of 43%.
In Colombia, 50% of companies increased their use of AI, making it the leading country in AI adoption in the area. Peru ranked second with 49%, followed by Argentina and Brazil tied for third with 41% each. Mexico ranked fifth with 40% of companies increasing their use of AI, while Chile ranked 6th, registering 39% adoption.
The data becomes relevant for Latin America if it is expected that AI in business applications will generate $31.2 billion dollars in 2025 worldwide.
AI is emerging as a standalone industry and is estimated to contribute approximately $16.52 trillion to the global economy by 2030. Furthermore, its adoption is projected to double economic growth rates by 2035.
The report found that in the last four years, companies have tripled the average use of artificial intelligence features in their applications.
The main applications of AI in companies are:
· Process automation: AI has the ability to automate manual and repetitive tasks, which provides companies with the opportunity to save time and reduce errors.
· Data Analysis: Has the ability to examine massive volumes of data and discover patterns and trends that might be difficult or even impossible for a person to identify.
· Improved decision making: AI has the ability to deliver accurate information and analysis in real time, which benefits business leaders by making more informed and accurate decisions.
· Personalization: Artificial Intelligence personalizes the customer experience by analyzing their data and providing personalized recommendations and suggestions that fit their needs and preferences.
· Improvement of operational efficiency: Has the ability to improve the operational efficiency of a company by identifying areas for improvement and offering solutions to increase productivity and reduce costs.
· Security enhancement: You can help detect and prevent fraud and cyberattacks by analyzing behavior patterns and alerting users to potential threats.
Over time, artificial intelligence has undergone constant evolution and has found applications in various fields. It has been used in areas such as robotics, natural language processing, computer vision, pattern recognition, and automated decision making, among many others.
These applications demonstrate the versatility and potential of AI to transform multiple aspects of our life and society.
HelloSafe highlights that AI also has the potential to create more rewarding and higher value jobs, and can be used to address major global challenges such as climate change and resource scarcity: Finding a balance between reaping the benefits of technology and appropriately address potential associated risks and drawbacks.
For more details on the report, go here.
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