Less than a third of companies plan to invest in AI, according to research

According to the survey of independent research firms Vanson Bourne and DXC Technology, 82% of companies agree that investing in artificial intelligence technology will have a significant impact on the competitiveness of the business, but only 29% plan to integrate them in their activities.

In the course of the study, about 500 managers who make decisions in the field of information technology and business were interviewed. As a result, it turned out that, despite the understanding of the prospects of such innovations, many companies still did not include their own strategic development plans. The survey also showed that the overwhelming majority of respondents (86%) recognize the importance of artificial intelligence, speaking of a huge potential in

At the moment, the Basic AI applications are most in demand in the insurance sector. Representatives of companies in this area in 45% of cases have already developed corporate strategies for the integration of digital solutions that transform activities.

This is due to an increase in the effectiveness of assessing behavior using the Internet sensors that will transmit personal data by automated platforms. As a result, drivers who prefer a safer driving style will pay less for the insurance of the car, and those who lead a healthy lifestyle will be able to save on medical insurance.

The study also revealed several basic causes of the lack of specific planning. One of them is due to business uncertainty in relation to AI, since only 36% of respondents said that their colleagues fully understand new technologies. Another reason is a variety of application packages that can create problems with system automation of applications.

More details about the commercial trends of artificial intelligence in the 2019 business are described in our analytical