According to a 2024 Bloomberg report, the banking industry plans to automate over 54% of human processes by 2028. Failure to achieve this goal will result in competitors gaining an advantage. Although other industries may not be as aggressive as banking, the minimum target for replacing human labour with AI stands at 30%. Based on this report, any business that fails to reach 30% AI automation by 2028 will be overtaken by competitors. The elimination race has already begun; enterprise AI applications differ from consumer-level AI (like ChatGPT and POE), requiring more time for optimization. By the time you realize your competitor's costs are 30-50% lower, it might already be too late.
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