The greatest cost reduction overall from analytical AI use was in service operations, where AI is capable of assisting in a multitude of roles, reducing overall costs. The highest ration of most cost, that is with savings over 20 percent, were in risk, legal, and compliance. This is likely because this is an expensive field, and any work hour saved in it reduces overall cost significantly.
Lowered costs from use of analytical artificial intelligence (AI) in enterprises worldwide in 2024, by function
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Stanford University, & Statista estimates. (March 30, 2025). Lowered costs from use of analytical artificial intelligence (AI) in enterprises worldwide in 2024, by function [Graph]. In Statista. Retrieved May 08, 2025, from https://www.statista.com/statistics/1610952/cost-decrease-by-ai-analytics-enterprise/
Stanford University, und Statista estimates. "Lowered costs from use of analytical artificial intelligence (AI) in enterprises worldwide in 2024, by function." Chart. March 30, 2025. Statista. Accessed May 08, 2025. https://www.statista.com/statistics/1610952/cost-decrease-by-ai-analytics-enterprise/
Stanford University, Statista estimates. (2025). Lowered costs from use of analytical artificial intelligence (AI) in enterprises worldwide in 2024, by function. Statista. Statista Inc.. Accessed: May 08, 2025. https://www.statista.com/statistics/1610952/cost-decrease-by-ai-analytics-enterprise/
Stanford University, and Statista estimates. "Lowered Costs from Use of Analytical Artificial Intelligence (Ai) in Enterprises Worldwide in 2024, by Function." Statista, Statista Inc., 30 Mar 2025, https://www.statista.com/statistics/1610952/cost-decrease-by-ai-analytics-enterprise/
Stanford University & Statista estimates, Lowered costs from use of analytical artificial intelligence (AI) in enterprises worldwide in 2024, by function Statista, https://www.statista.com/statistics/1610952/cost-decrease-by-ai-analytics-enterprise/ (last visited May 08, 2025)
Lowered costs from use of analytical artificial intelligence (AI) in enterprises worldwide in 2024, by function [Graph], Stanford University, & Statista estimates, March 30, 2025. [Online]. Available: https://www.statista.com/statistics/1610952/cost-decrease-by-ai-analytics-enterprise/
