Survey: 80% of enterprises investing in AI, but cite significant challenges ahead
Enterprises are anticipating significant barriers to adoption, and are looking to strategize against those issues by creating a new C-suite position.
Nearly 80% of enterprises are investing today in artificial intelligence (AI), but one in three business leaders believe their company will need to invest more over the next 36 months to keep pace with competitors, according to a survey conducted by Vanson Bourne, UK, on behalf of Teradata, Dayton, Ohio.
At the same time, enterprises are anticipating significant barriers to adoption, and are looking to strategize against those issues by creating a new C-suite position, such as a chief AI officer (CAIO), to streamline and coordinate AI adoption.
“There is an important trend emerging evident in this report — enterprises today see AI as a strategic priority that will help them outpace the competition in their respective industries,” says Atif Kureishy, vice president, emerging practices at Think Big Analytics, a Teradata company. “But, to leverage the full potential of this technology and gain maximum ROI, these businesses will need to revamp their core strategies, so AI has an embedded role from the data center to the boardroom.”