According to recent research conducted by STX Next, a global IT consulting firm, nearly half of businesses around the world have started incorporating machine learning (ML) into their operations. However, the study also revealed that a staggering 50% of chief technology officers (CTOs) have not yet hired a single employee in a machine learning or data science role, indicating a significant need for businesses to invest in specialized teams.
The findings were based on the 2023 Global CTO Survey conducted by STX Next, which interviewed 500 CTOs worldwide to explore the challenges faced by different organizations. The survey also found that 41% of technical leaders admitted that their businesses have not adopted any artificial intelligence (AI) technologies at all, underscoring the need for further progress in this area.
Despite these statistics, 66% of CTOs predict that machine learning will experience substantial growth over the next two to four years. Currently, image detection/segmentation is the most widely utilized AI solution in businesses, with 23% implementation, followed by recommendation systems at 20% and text recognition at 19%. Additionally, 24% of companies have begun utilizing natural language processing, and 22% have implemented deep learning.
Bartek Roszak, STX Next’s Head of AI, noted that although AI has the potential to revolutionize industries by tackling repetitive tasks and recognizing patterns in images and text, only a quarter of businesses have actually adopted these technologies. Roszak emphasized the importance of educating the market on the capabilities of AI and ML, as they have the power to bring about significant change.
The study also highlighted the need for increased investment in resources specializing in AI support, as the popularity of AI and ML shows no signs of diminishing in the coming year. Roszak believes that leveraging the potential of AI and ML is crucial for businesses to keep pace with industry trends and meet customer expectations. He predicts that by 2024, there will be a notable increase in the integration of AI and ML into various business processes.
To fully harness the potential of AI and ML, Roszak suggests that CTOs should prioritize striking a balance between the needs of their business and the unique requirements of clients and customers. By enhancing their skill sets and adapting to the evolving technological landscape, businesses can reap the rewards that AI and ML offer in the years to come.
The source of the article is from the blog j6simracing.com.br