Dublin, March 20, 2024 – A recent study, titled the “Global State of AI, 2024,” highlights the increasing significance of artificial intelligence (AI) and machine learning (ML) in driving business success. According to IT and business decision makers surveyed in late 2023, 89% of respondents believe AI and ML are crucial or very important in achieving various business objectives, such as improving operational efficiency, supporting innovation, and enhancing customer experience. The findings also indicate that generative AI is predicted to bring about disruptive changes in enterprises.
To gain insights into the adoption of AI, the study surveyed senior IT decision makers across multiple industries, including financial services, healthcare, retail, government, technology, and manufacturing. The research explores key themes such as the current state of AI deployment, organizational goals for AI implementation, specific AI-related technologies in demand, and preferred AI deployment models. It provides readers with an understanding of the prominent AI technologies being adopted by enterprises.
In addition to the survey, the research team conducted interviews with technology vendors and service providers to gain insights into AI priorities. This supplementary information helps end users comprehend the benefits and challenges associated with AI adoption.
Key Findings from the Study:
– Enterprises widely recognize the importance of AI and ML in achieving their business priorities.
– AI deployment in enterprises has moved beyond the proof-of-concept stage and is now entering the implementation phase.
– Enhancing operational efficiency stands out as a key driver for AI investments.
– Adoption of AI is consistent across different business functions.
– AI deployment is increasing across various industry verticals.
– Notable use cases for AI include natural language processing (NLP) becoming the foundation of all AI technologies and predictive analytics leading AI application use cases.
– Hybrid cloud is the preferred digital infrastructure model for AI deployments.
– Challenges in AI adoption are centered around data concerns and the ability to assess return on investment (ROI).
– The regulatory landscape continues to evolve, impacting the adoption of AI.
Success Factors for Harnessing the Power of AI:
– Building a compelling value proposition that highlights the tangible benefits of AI adoption.
– Strengthening IT services and advisory capabilities to provide comprehensive support for AI initiatives.
– Focusing on engaging CXOs and business stakeholders to ensure alignment of AI initiatives with overarching business strategies.
– Adapting to the transforming technology landscape and staying abreast of emerging trends and advancements in AI.
For further information about the findings and insights from this study, please visit: [ResearchAndMarkets.com](ResearchAndMarkets.com)
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(Source: [Research and Markets](https://www.researchandmarkets.com/r/b07sdj))
Dublin, March 20, 2024 – A recent study titled the “Global State of AI, 2024” has highlighted the increasing significance of artificial intelligence (AI) and machine learning (ML) in driving business success. The study surveyed IT and business decision makers, revealing that 89% of respondents believe AI and ML are crucial or very important in achieving various business objectives. These objectives include improving operational efficiency, supporting innovation, and enhancing customer experience.
The study encompassed multiple industries, such as financial services, healthcare, retail, government, technology, and manufacturing. It aimed to gain insights into the adoption of AI by senior IT decision makers. The research explored key themes such as the current state of AI deployment, organizational goals for AI implementation, specific AI-related technologies in demand, and preferred AI deployment models. It provides readers with an understanding of the prominent AI technologies being adopted by enterprises.
In addition to the survey, the research team conducted interviews with technology vendors and service providers to gain insights into AI priorities, benefits, and challenges associated with adoption.
Key findings from the study include:
1. Enterprises widely recognize the importance of AI and ML in achieving their business priorities.
2. AI deployment in enterprises has moved beyond the proof-of-concept stage and is now entering the implementation phase.
3. Enhancing operational efficiency stands out as a key driver for AI investments.
4. Adoption of AI is consistent across different business functions.
5. AI deployment is increasing across various industry verticals.
6. Notable use cases for AI include natural language processing (NLP) becoming the foundation of all AI technologies and predictive analytics leading AI application use cases.
7. Hybrid cloud is the preferred digital infrastructure model for AI deployments.
8. Challenges in AI adoption are centered around data concerns and the ability to assess return on investment (ROI).
9. The regulatory landscape continues to evolve, impacting the adoption of AI.
The study also identifies success factors for harnessing the power of AI, which include building a compelling value proposition that highlights the tangible benefits of AI adoption, strengthening IT services and advisory capabilities to provide comprehensive support for AI initiatives, focusing on engaging CXOs and business stakeholders to ensure alignment of AI initiatives with overarching business strategies, and adapting to the transforming technology landscape and staying abreast of emerging trends and advancements in AI.
For further information about the findings and insights from this study, please visit ResearchAndMarkets.com.
ResearchAndMarkets.com is a leading global source for market research reports and market data. They provide the latest data on international and regional markets, key industries, top companies, new products, and emerging trends, offering comprehensive market intelligence to businesses worldwide.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
Email: [email protected]
For E.S.T Office Hours: +1-917-300-0470
For U.S./CAN Toll-Free: +1-800-526-8630
For GMT Office Hours: +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
(Source: Research and Markets)
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