How Pioneering Companies Are Using AI

 
 
By Dennis McCafferty  |  Posted 09-12-2017 Email
 
 
 
 
 
 
 
 
 
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    How Pioneering Companies Are Using AI
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    How Pioneering Companies Are Using AI

    There's an AI capabilities gap in the business world. Find out if your company is ahead of the pack—or behind—in effectively deploying artificial intelligence.
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    Critical Need
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    Critical Need

    61% of the global executives surveyed said the development of an artificial intelligence (AI) strategy for their organization is urgent.
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    Getting Started
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    Getting Started

    Just 23% have adopted AI in some way, while another 23% have one or more AI pilot projects in place.
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    Half Full
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    Half Full

    50% of the global executives surveyed view AI solely as an opportunity, while 33% perceive of it as both an opportunity and a risk.
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    Adoption Drivers
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    Adoption Drivers

    84% said AI will enable their organization to obtain or sustain competitive advantage, and 75% said it will allow their company to move into new businesses.
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    Haves and Have Nots: Game-Changer
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    Haves and Have Nots: Game-Changer

    91% of those in AI "pioneer" companies said their organization understands how AI can change business value generation, but only 23% of those in AI "passive" companies said that's the case.
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    Haves and Have Nots: Learning Opportunity
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    Haves and Have Nots: Learning Opportunity

    89% of those in pioneer organizations said they recognize the changes in workforce knowledge and skills required for future AI needs, but just 19% of those in passive companies agreed.
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    Haves and Have Nots: Augmented Awareness
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    Haves and Have Nots: Augmented Awareness

    88% of those in pioneer organizations said they understand the technical breakthroughs required to succeed with AI, compared to just 15% of those in AI passives who said this.
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    Haves and Have Nots: Tech Expertise
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    Haves and Have Nots: Tech Expertise

    87% of those in pioneer organizations realize the data required for AI algorithm training, but only 11% of those in passive companies agree.
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    Smooth Transition
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    Smooth Transition

    84% of all the global executives surveyed expect that AI will require existing employees to change their skill sets, but only 47% believe that AI will result in a workforce reduction.
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    Helping Hand
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    Helping Hand

    70% said that on a personal level, they hope AI will eventually perform some of the tasks that they currently do on the job.
 

While a majority of organizations recognize the urgent need to deploy artificial intelligence (AI) technologies, relatively few are adopting AI beyond pilot programs, according to a recent survey from the MIT Sloan Management Review and the Boston Consulting Group. The resulting report, "Reshaping Business with Artificial Intelligence: Closing the Gap Between Ambition and Action," divides companies into categories that include "Pioneers" and "Passives." Pioneers are defined as organizations that are on the leading edge of incorporating AI into their offerings and internal processes. Passives, on the other hand, are not adopting AI and don't understand it. To close the gap, CIOs and their tech teams must work with C-suite leaders and business users to identify business value-generation targets, while boosting required workforce knowledge and skills. In addition, they need to fully understand the technical approaches that lead to successful AI deployments. "For AI to become a prominent feature in future strategies, companies must figure out how humans and computers can build off each other's strengths to create competitive advantage," according to the report. "This is not easy: Companies need privileged access to data—which, as we've seen, many do not now have. They must learn how to make people and machines work effectively together—a capability relatively few … have at present. And they need to put in place flexible organizational structures, which mean cultural changes for both company and employee." More than 3,000 global executives took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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