AI Flashcards
(43 cards)
How is AI being used in healthcare for diagnostic purposes?
AI is used in healthcare to analyze medical imaging and detect diseases like cancer more accurately and quickly.
Example: PathAI uses AI to assist pathologists in diagnosing diseases from tissue samples, improving accuracy and reducing human error.
What’s a common AI use case in the finance industry?
AI is used for fraud detection by analyzing transaction patterns in real-time.
Example: Mastercard uses AI to analyze billions of transactions per year to detect and prevent fraudulent activity almost instantly.
How is AI transforming retail through recommendation engines?
AI personalizes shopping by suggesting products based on customer behavior.
Example: Amazon uses AI algorithms to recommend products, which contributes to a significant portion of its revenue.
How is AI applied in agriculture?
AI helps optimize crop yields through predictive analytics and image recognition.
Example: John Deere acquired Blue River Technology, which uses AI and computer vision to detect and spray herbicides only on weeds, reducing chemical use.
What role does AI play in the automotive industry?
AI powers autonomous vehicles by enabling real-time object detection, path planning, and decision-making.
Example: Tesla uses AI in its Autopilot system to assist with lane keeping, adaptive cruise control, and automated driving.
How is AI used in manufacturing for predictive maintenance?
AI predicts when machinery will fail, allowing proactive maintenance.
Example: Siemens uses AI in its factories to monitor equipment performance and avoid costly downtime.
How are media companies using AI to personalize content?
AI tailors newsfeeds and content recommendations to user preferences.
Example: Netflix uses AI to recommend shows and movies based on viewing history, increasing viewer engagement and retention.
How is AI helping in customer service?
AI-powered chatbots and virtual assistants handle routine customer inquiries.
Example: Bank of America uses an AI assistant named Erica to help users check balances, track spending, and answer questions via the mobile app.
How is AI used in the energy sector?
AI optimizes grid management and energy usage predictions.
Example: Google DeepMind partnered with the UK’s National Grid to explore using AI to forecast energy demand and supply to increase efficiency.
What’s a major AI use case in logistics and delivery?
AI optimizes delivery routes and supply chain management.
Example: DHL uses AI to predict shipment delays, manage warehouses, and improve route efficiency, saving costs and improving delivery times.
According to McKinsey, what percentage of organizations had adopted AI in at least one function as of 2023?
McKinsey reported that 55% of organizations had adopted AI in at least one business function as of 2023.
What did PwC estimate as the potential contribution of AI to the global economy by 2030?
PwC estimated that AI could contribute up to $15.7 trillion to the global economy by 2030.
According to IBM’s Global AI Adoption Index 2022, what was the top challenge businesses faced in adopting AI?
IBM found that the top challenge was limited AI skills and expertise, reported by 34% of organizations.
What percentage of customer interactions were expected to be handled by AI by 2025, according to Gartner?
Gartner predicted that by 2025, 95% of customer interactions will be powered by AI technologies.
According to Deloitte’s State of AI in the Enterprise 5th Edition, what percentage of AI adopters achieved better decision-making?
Deloitte reported that 79% of AI adopters saw improvements in decision-making capabilities.
What percentage of jobs are expected to be impacted by AI, according to a 2023 Goldman Sachs report?
Goldman Sachs estimated that 300 million jobs globally could be exposed to automation by AI, particularly in white-collar roles.
How much did global corporate AI investment reach in 2022, according to Stanford’s AI Index Report?
The Stanford AI Index reported that global corporate investment in AI reached $91.9 billion in 2022.
What was the reported ROI on AI projects for top-performing companies in a 2023 BCG study?
According to BCG, top-performing companies reported a return of over 20% on their AI investments.
According to Accenture, what percentage increase in profitability could companies see by scaling AI?
Accenture’s research showed that companies scaling AI across the organization could see up to a 38% increase in profitability.
What is the projected size of the global AI software market in 2025?
The global AI software market is projected to reach $126 billion by 2025, up from $62 billion in 2022. (Statista, 2024)
How much economic value could generative AI add globally according to McKinsey?
Generative AI could add $2.6 trillion to $4.4 trillion in value annually across industries. (McKinsey, 2024)
What percentage of companies are using or exploring generative AI as of 2024?
Nearly 65% of companies report that they are using or seriously exploring generative AI. (McKinsey, 2024)
Which industry is expected to see the highest impact from AI in terms of potential value creation?
Banking is expected to see the highest impact, with AI potentially adding up to $340 billion annually. (McKinsey, 2024)