AI projects adopted in business mobilize up to $ 20 million per year

According to a Deloitte survey, 53% of companies adopting artificial intelligence spent more than $ 20 million in the last year on technology and talent.

The State of AI in Business Survey , based on 2,737 IT and industry executives, highlights how quickly AI applications are entering production. Of those surveyed by Deloitte, 26% are “seasoned adopters”, 47% “skilled adopters” and 27% “newbies”. Respondents were ranked based on AI adoption and systems put into production.

According to the research firm, 68% of seasoned adopters spent more than $ 20 million in the past year on AI. In addition, 81% of them confirmed a return on investment in less than two years.

AI projects adopted in business mobilize up to $ 20 million per year

Improve decision making

Regarding the technological range of AI, 67% of respondents today use machine learning, 97% plan to do so, 54% use deep learning and 58% natural language processing, says Deloitte.

These AI enthusiasts see more efficient processes as the primary rationale for deployments, with improved decision-making also a key goal. AI adopters also typically buy more technology than they build, but only 47% of those surveyed said they use suppliers, Deloitte suggests.

Other key results include:

  • 45% said they had a high level of proficiency in integrating AI technology into their existing IT environment.
  • 93% use AI in the cloud, 78% use open-source AI.
  • 61% said they believe AI will dramatically transform their industry.
  • 62% said they were very concerned about AI-related cybersecurity vulnerabilities, followed by failures impacting business operations and the use of personal data without consent. Responsibility and regulatory developments are also major concerns.
  • 95% of those surveyed are concerned about the ethical risks associated with deploying AI.
  • 62% of respondents believe that AI technologies should be heavily regulated.
  • The main beneficiaries of the success of artificial intelligence are the IT departments themselves.