Artificial Intelligence at a glance
Microsoft launched research depicting the state of AI within 277 major companies, across 7 sectors and 15 countries in Europe, 20 were from Ireland.
The Artificial Intelligence Report, conducted by EY, aims for a deeper understanding of how companies are considering AI solutions in their organisations and gain insights into how they are addressing the challenges and opportunities ahead.
Click below to download the AI Report:
Download the AI Report here
See some views from people in Dublin and Cork, when Microsoft asked them about AI.
Across all countries, 71% of the companies responded saying that AI is considered an important topic on the executive management level.
Most impact on the business expected from ‘optimising operations’ –
- 89% of all respondents, 85% in Ireland, expect AI to generate business benefits by optimising their companies’ operations in the future. This is followed by 74% that expect AI to be key to engaging customers.
AI is expected to impact entirely new business areas in the future –
- 56% of all the companies expect AI to have a high or a very high impact on business areas that are “entirely unknown to the company today”.
Advanced with AI –
- Only 4% of the companies are actively using AI in ‘many processes and to enable advanced tasks.
- The majority, 51% of companies, 75% in Ireland, are still only planning for AI or are in early stage pilots.
Noticeable potential for AI in many corporate functions –
- The most widely reported adoption of AI (47%) was in the IT/Technology function, followed by R&D with 36%, and customer service with 24%. Interestingly, several functions are hardly using AI at all.
8 key capabilities that are most important ‘to get AI right’ –
- When asking the respondents to rank the importance of 8 capabilities to enable AI in their businesses, ‘advanced analytics’ and ‘data management’ emerged as the most important. ‘AI leadership’ and having an ‘open culture’ followed.
Read the complete article here by Kieran McCorry
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