59% of senior executives really feel threatened by synthetic intelligence

U.S. companies investing in synthetic intelligence this yr to enhance effectivity and get monetary savings.

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Based on a brand new Pactum survey of 100 senior executives carried out by Vanson Bourne, 97% stated they plan to speculate considerably in synthetic intelligence this yr, with 83% of respondents saying they may spend over $500,000 on the know-how. Of that group, 10% anticipate spending over $50 million.

Extra about synthetic intelligence

“Over the previous yr there was a shift in attitudes in direction of AI and its makes use of,” Martin Rand, CEO of Pactum, stated in an announcement. “Many firms world wide have turned to know-how to assist bolster its enterprise processes. It’s nice to see this optimistic shift in attitudes in direction of using AI inside enterprise and see how organizations can succeed by combining the fitting know-how options with the fitting folks.”

SEE: Gartner’s prime tech predictions for 2021 (free PDF) (TechRepublic)

Many of the respondents (77%) stated the COVID-19 pandemic improved perspective towards the know-how. Solely 8% stated it had the alternative impact.

Whereas curiosity could also be excessive, different AI analysis signifies enterprise executives have to study extra about how AI works, the right way to implement it of their organizations, and what it takes to make it work. Based on a latest Forrester examine, to achieve success, enterprise leaders have to search for tasks that construct AI capabilities and information slowly, over time. 

AI-related jobs are also in-demand. Primarily based on a search of open positions, the roles board Certainly.com discovered that AI has been good for creating high-paying jobs–most over six figures per yr. These embrace knowledge scientists, software program engineers, builders, and software program architects. 

The Pactum survey additionally discovered that:

  • Most respondents (80%) stated their organizations had been already utilizing AI.

  • IT, know-how and telecoms (30%) in addition to monetary providers (24%) will see the most important progress in AI. That is adopted by manufacturing (13%), enterprise {and professional} providers (6%), distribution and transport (5%) and retail (5%).

  • Greater than three-quarters (77%) of respondents stated AI is being developed responsibly, 9% stated it wasn’t, and 10% stated it was too quickly to inform.”

  • Most respondents (84%) stated AI is bettering “on a regular basis.”

Whereas most senior executives assist using AI, reservations stay:

This text was up to date on June 4, 2021.

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