State of AI report finds AI is now core to business success
The year 2020 will be remembered for many things. It was the COVID year, a year of social change, and a year of significant political shift in the US. In the tech world, 2020 will be looked at as the year AI went from being the stuff of science fiction to a business reality.Organizations of all sizes accelerated their artificial intelligence (AI) initiatives when COVID-19 hit in 2020. Now more than a year into the pandemic, organizations are focused on understanding their data and using AI to support internal processes. Years ago, there was an axiom that stated “all companies are technology companies” but that narrative has been played out. Today all companies are data companies, but the massive quantities of information require greater automation to find key insights. Enter AI as the solution to this growing problem. AI is reaching broader market maturity, with budgets growing more than 50 % year-over-year, ranging from $500,000 to $5 million annually.To read this article in full, please click here
The year 2020 will be remembered for many things. It was the COVID year, a year of social change, and a year of significant political shift in the US. In the tech world, 2020 will be looked at as the year AI went from being the stuff of science fiction to a business reality.
Organizations of all sizes accelerated their artificial intelligence (AI) initiatives when COVID-19 hit in 2020. Now more than a year into the pandemic, organizations are focused on understanding their data and using AI to support internal processes. Years ago, there was an axiom that stated “all companies are technology companies” but that narrative has been played out. Today all companies are data companies, but the massive quantities of information require greater automation to find key insights. Enter AI as the solution to this growing problem. AI is reaching broader market maturity, with budgets growing more than 50 % year-over-year, ranging from $500,000 to $5 million annually.
