AI Consulting and Custom AI Software Development

AI investment in accounting will increase 30% YoY through 2027. Source

54% of accounting pros think firms that don’t use AI are worth less. Source

AI could eliminate lower-skilled accounting jobs by 50%. Source

Using AI for invoice entry reduces costs from $2-$4 to about $0.045. Source

Most personal banking clients already interact with AI without knowing it; most banks use AI and natural language programs to power their client-facing chatbots, such as Capital One’s Eno. Source– New Window

Banks are on track to save $447 billion thanks to AI applications by 2023. Source– New Window

The financial services industry will spend over $10 billion on AI in 2023. Source– New Window

Machine learning algorithms achieved up to 96% accuracy in reducing fraud for ecommerce businesses. Source– New Window

account –#More banking AI stats

85% of call center managers will integrate AI-powered conversation intelligence within the coming year. Source

By 2027, digital assistants will become the primary channel for client service in 25% of all businesses. Source

Only 9% of consumers oppose companies using chatbots.

54% want chatbots to make it clear they’re not human.

68% like that chatbots answer quickly.

Cybersecurity and fraud detection is second only to customer service as the most common use of AI in corporate America. Source

AI could automate as much as 45% of cybersecurity tasks. Source

Organizations that incorporated AI in their cybersecurity operations improved threat detection and response by 12%. Source

94% of cybersecurity professionals predict AI will have major impacts on their strategy for the next two years. Source

58% of HR departments have either invested in or are considering investing in AI for hiring and candidate screening. Source

56% of typical HR tasks can be automated with current AI software and limited process changes. Source

For organizations using AI In HR, the top uses are talent acquisition (64%), learning and development (43%), and performance management (25%). Source

56% of companies using AI for HR are automating repetitive tasks. Source

AI can reduce time spent on routine tasks by 20%. Source

Another estimate put the number at 44%. Source

The AI legal services market will grow at a 31% CAGR from 2023 to 2032. Source

Some concerns attorneys have about AI include accuracy (57.7%), reliability (48.1%), data privacy and security (46.5%), cost (28.8%), time to learn (22.9%), and difficulty changing processes (17.8%). Source

Marketing and sales are using AI 40% more than other departments. Source

Nearly 90% of respondents intend to allocate a designated portion of their marketing budget to AI tools. Source

By 2024, 75% of midsize and large organizations will leverage AI-powered content generation tools for personalized marketing content. Source

4 in 10 marketers believe AI email marketing improves revenue. Source

The AI market in real estate was valued at approximately search –$164.96 billion in 2023– New Window and is projected to grow to $226.71 billion in 2024– New Window. Source– New Window

Breaking down the market by technology, the machine learning segment leads with a 44% market share in 2023. Machine learning technologies are extensively utilized to analyze real estate trends, optimize property pricing strategies, and personalize customer interactions. Source– New Window

From an application perspective, the property search and discovery segment holds the largest share, accounting for 31.8% of the market in 2023. AI-powered platforms have transformed how properties are searched and discovered. Source– New Window

Nearly half (49%) of real estate business owners have witnessed cost reductions as a result of AI adoption. Implementing AI technologies can potentially reduce operational costs by up to 15%, providing substantial savings for companies. Source– New Window

Looking ahead, by 2030, it is projected that approximately 90% of real estate agencies will be using AI in their operations. Source– New Window

#More real estate AI stats

AI algorithms can increase sales leads by 50%, reduce call times by 60%, and reduce costs up to 60%. Source

84% of salespeople using generative AI say it increases sales by enhancing and accelerating customer interactions. Source

63% of salespeople say their company data is not set up for gen. AI. Source

98% of sales leaders say forecasting accuracy will be improved by AI (41% say major improvement). Source

Developers using GitHub Copilot can code 55% faster, are 96% faster with repetitive tasks, and are 85% more confident in code quality. Source

Programmers using AI can code 126% more projects per week. Source

25% of companies use AI to address a shortage of programmers. Source

41% of businesses believe AI will help fix coding errors. Source