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July 22, 2024, 5:55 p.m.
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AI Revolution: 77% of Businesses Embrace Artificial Intelligence

Artificial intelligence (AI) is rapidly advancing across various fields, including the business sector. According to recent research by Exploding Topics, 77% of businesses are currently using or exploring the use of AI in their operations. In fact, 83% have prioritized AI in their business plans. AI is being employed in diverse ways. A Forbes survey revealed that 51% of business owners utilize AI for cybersecurity and fraud management, while 56% utilize it for customer service purposes. Additionally, an overwhelming majority (97%) expressed confidence in the AI-powered text program, ChatGPT, and its potential to benefit their businesses. However, concerns persist regarding the impact of AI on the workforce of these businesses. Mike Kaput, the Chief Content Officer at Marketing A. I.

Institute and co-author of "Marketing Artificial Intelligence: A. I. , Marketing, and the Future of Business, " explained that we are only witnessing the initial stages of AI implementation. As AI continues to become more "empathetic" and "personalized, " businesses must ensure that their staff is adequately educated on optimizing and integrating these tools to enhance their roles rather than completely replacing human labor. Kaput also highlighted how the observed benefits of AI are motivating businesses to implement it further. He emphasized the importance of individuals who perceive their jobs to be at risk from AI gaining a better understanding of its capabilities. To watch the complete interview with Kaput, please view the accompanying video.



Brief news summary

Artificial intelligence (AI) is rapidly transforming the business sector, with a large percentage of businesses utilizing or exploring its potential. A recent survey showed that 77% of businesses are embracing AI, and 83% consider it a top priority in their business plans. AI is being utilized in various ways, such as cybersecurity and fraud management (51%) and customer service (56%). The majority of respondents believe that AI-powered text programs like ChatGPT can greatly benefit their businesses. However, concerns about the impact on human workers remain. To address these concerns, it's crucial for businesses to educate their staff on effectively using AI tools to enhance their job roles rather than replacing them. Mike Kaput, an expert in the field, emphasizes the expanding benefits of AI for businesses and the importance of understanding AI to alleviate job security concerns. Watch the video for more insights from Kaput.
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