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AI applications: Who has the largest market shares among AI models? In which industries and business processes are these already used?


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Published on: September 13, 2024 / Update from: September 13, 2024 - Author: Konrad Wolfenstein

Who has the largest market shares among AI models? In which industries and business processes are these already used?

Who has the largest market shares among AI models? In which industries and business processes are these already used? – Image: Xpert.Digital

🌐 AI market landscape: Analysis of different application areas

🤖📊 Generative AI is currently one of the fastest growing and most prominent areas within AI, but it does not necessarily have the largest market share of all AI technologies. Different AI applications serve different markets, and the market influence depends largely on the specific application area. Here is an overview of the market distribution:

🎨 1. Generative AI

growth

Generative AI has experienced a huge surge in popularity in recent years, particularly due to the success of models such as GPT (OpenAI) and image generation systems such as DALL·E or MidJourney. The applications in text creation, image and video generation, as well as in music and content creation have aroused the interest of many companies.

Market potential

Generative AI is used particularly widely in the areas of media, marketing, entertainment and the creative industries, but has also found its way into research (e.g. generation of molecules in medicine) and design processes. Nevertheless, it is still a more specific market than some other AI applications.

🔍 2. Predictive and Analytical AI

AI's largest market share is currently in applications that provide predictive analytics and pattern recognition. This includes:

Machine learning

Used in finance, healthcare, manufacturing and logistics to make predictions (e.g. financial markets, customer behavior).

Big data and analytics

AI is being used extensively to analyze massive amounts of data to provide insights and decisions.

personalization

Systems such as recommendation systems in online shops (e.g. Amazon, Netflix) are based on predictive models and have an enormous influence on the market.

🏭 3. Automation and robotics

Industrial AI

Automation systems based on AI are widespread in manufacturing and production. You optimize processes, reduce costs and increase efficiency. These applications are dominant in traditional industries such as automotive, logistics and agriculture.

Robots and autonomous systems

Autonomous vehicles, drones and robots use AI to understand their surroundings and make decisions. This is another big growth area aimed at real-world physical tasks.

🗣️ 4. Speech and image recognition (AI for task automation)

Voice assistants

Systems like Siri, Alexa and Google Assistant are widespread AI applications in everyday life. Voice and image recognition models are among the largest AI markets as they are used in smartphones, security applications and in task automation.

Image recognition

Medical image analysis, surveillance, and security systems use AI models to analyze data and recognize patterns.

🏥 5. Healthcare and life sciences

Medical diagnostics

AI is increasingly being used in medical image analysis, diagnosing diseases (e.g. cancer) and developing new drugs. The AI ​​healthcare market is growing rapidly and could become one of the largest markets in the long term.

📣 Similar topics

  • 🤖 Generative AI: Strong growth in media and creative industries
  • 📊 Predictive AI: Leading in market share thanks to predictive analytics
  • 🚀 Automation and robotics: increasing efficiency in industry
  • 🗣️ Language assistants: everyday help from Siri, Alexa & Co.
  • 🖼️ Image Recognition: AI in Medical Image Analysis and Security
  • 💉 Health technologies: AI revolution in medical diagnostics
  • 🎨 AI and Creativity: New Horizons in Content Creation
  • 📉 Financial markets and AI: Machine learning for better predictions
  • 🚗 Autonomous Systems: Advances in Vehicles and Drones
  • 🔍 Big Data and AI: Decision making through huge amounts of data

#️⃣ Hashtags: #AI #GenerativeKI #Automation #PredictiveAnalytics #Healthcare

🤖📊 Who has the largest market shares among the AI ​​models in the respective industries and business processes?

Who leads in market share among AI models? Used in industries such as business, law, services, high-tech and telecommunications including business processes

Who leads in market share among AI models? Use in industries such as business, law, services, high-tech and telecommunications including business processes - Image: Xpert.Digital

🧠 Artificial intelligence (AI) has developed into an indispensable part of modern business processes in recent years. Companies from various industries are using AI technologies to increase efficiency, reduce costs and develop innovative solutions. In this section, we will explore the different areas of application of AI in business and how they are revolutionizing the way companies work.

🗣️ Natural language processing

Natural language processing (NLP) is one of the most prominent applications of AI. It enables machines to understand and process human language. Companies use NLP to answer customer queries in real time, analyze documents and even interpret complex legal texts. This technology not only improves customer service, but also internal communication and knowledge management within organizations.

🤖 Robotic Process Automation

Robotic Process Automation (RPA) automates repetitive tasks that were previously performed manually. This includes filling out forms, processing transactions and managing data. Not only does RPA reduce error rates, but it also allows employees to focus on more strategic tasks. For example, in the financial industry, RPA is often used to increase efficiency when processing loan applications.

🤖💬 Virtual agents

Virtual agents, such as chatbots and voice assistants, are now widespread. They provide 24/7 support and can handle a variety of tasks, from answering simple questions to completing complex transactions. In the retail industry, virtual agents improve the customer experience through personalized recommendations and quick problem resolution.

🧠 Deep learning

Deep learning, a branch of machine learning, uses neural networks to recognize patterns in large amounts of data. This technology is used in various areas including image and speech recognition, autonomous driving and medical diagnostics. In healthcare, deep learning helps detect diseases early and develop personalized treatment plans.

🎨 Generative Adversarial Networks

Generative Adversarial Networks (GANs) are an innovative form of AI that pits two neural networks against each other to generate realistic data. This technology is used in the creative industries to create artwork, compose music, and even develop new product designs. GANs have the potential to fundamentally change the way creative processes occur.

👁️ Computer vision

Computer vision allows machines to interpret visual information from the world around them. This technology is used in manufacturing to perform quality control, in agriculture to monitor crop yields, and in the security industry for facial recognition. Businesses benefit from computer vision's ability to quickly and accurately analyze large amounts of visual data.

🔍 Knowledge graphs

Knowledge graphs structure information in a way that allows machines to understand relationships between different data points. They are used in search engines, recommendation systems and knowledge management. Knowledge graphs help companies organize and use information more efficiently, leading to better decisions and innovative solutions.

🛒 Recommendation systems

Recommendation systems are an essential part of e-commerce platforms and streaming services. They analyze user behavior and offer personalized recommendations that improve customer experience and increase sales. Companies use these systems to optimize their marketing strategies and increase customer loyalty.

✍️ Natural language generation

Natural language generation (NLG) enables machines to create human-like texts. This technology is used in reporting, customer service, and content marketing. NLG can convert large amounts of data into understandable reports, increasing efficiency in communication.

🎓 Reinforcement learning

Reinforcement learning is an area of ​​machine learning in which machines learn to make decisions through rewards and punishments. This technology is used in robotics, autonomous driving and financial modeling. Reinforcement learning has the potential to solve complex problems and develop new business models.

🏭 Digital twins

Digital twins are virtual models of physical objects or systems. They are used in manufacturing, construction and healthcare to simulate and optimize processes. Companies use digital twins to reduce maintenance costs, accelerate product development and increase operational efficiency.

🤖⚙️ Physical robotics

Physical robotics involves the use of robots to automate physical tasks. Robots carry out assembly work in manufacturing and packaging and shipping products in logistics. This technology reduces labor costs and increases production efficiency.

📚 Transfer learning

Transfer learning allows models to transfer knowledge from one task to another. This technique is used in image and speech recognition to reduce training time and improve accuracy. Companies use transfer learning to react more quickly to market changes and develop innovative products.

🚀📊 AI applications: A cross-sector insight into the future - overview of the industries

The tables above show the areas of application of artificial intelligence (AI) in standard business processes, divided into different industries worldwide. The values ​​are given in percent and illustrate how strongly AI is integrated in the respective areas.

1. All industries

The most frequently used AI technologies are “Natural Language Text Understanding”, “Robotic Process Automation” and “Virtual Agents”, each with 30%.

2. Business, Legal, and Professional Services

Here “Natural Language Text Understanding” (26%) and “Generative Adversarial Networks” (25%) dominate.

3. Consumer Goods/Retail

“Virtual Agents” are widespread with 32%, followed by “Natural Language Text Understanding” (27%).

4. Financial Services

“Virtual Agents” (42%) and “Robotic Process Automation” (46%) are particularly important here in terms of automation and customer interaction.

5. Healthcare/Pharma

The use of “Robotic Process Automation” is highest with 46%, which indicates the need to optimize processes and minimize errors.

6. High Tech/Telecom

“Natural Language Text Understanding” (39%) and “Virtual Agents” (35%) are leaders here in terms of interaction with customers and the processing of large amounts of data.

🧠 Specific areas of application

Deep learning

Particularly relevant in the financial industry (24%) and healthcare (23%) as it helps with data analysis and decision making.

Generative Adversarial Networks

Used heavily in business and legal services (25%) to develop innovative solutions.

Computer vision

Important in the financial industry (31%) and healthcare (26%) for analyzing and interpreting visual data.

Recommender Systems

Used particularly in retail (26%) to provide personalized shopping experiences.

Reinforcement learning

Used in the financial sector (16%) and in the high-tech sector (12%) to optimize complex decision-making processes.

📈 Depending on specific requirements and goals

The tables show that AI technologies are used to different extents in different industries, depending on the specific requirements and goals of each industry. While some industries rely heavily on automation and process optimization, others use AI to improve customer interaction and data analysis.

 

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