The survey revealed that transportation and logistics, automotive and technology companies are at the forefront of AI adoption.
The Boston Consulting Group (BCG), Boston, Mass., surveyed 1,000 executives and managers across many industries to examine the status and expectations of artificial intelligence (AI) adoption. The analysis revealed that “use of AI can reduce producers’ conversion costs by up to 20%, with up to 70% of the cost reduction resulting from higher workforce productivity.” AI was particularly useful in generating more sales when used to produce products tailored to specific customers with faster delivery times.
The survey revealed that transportation and logistics, automotive and technology companies are at the forefront of AI adoption, while process industries (such as chemicals) lag behind. Companies in the United States, China and India have taken a lead in adoption over their counterparts in such countries as Japan, France and Germany.