Survey: AI Risks Grow Along with Adoption
More than half of early AI adopters said they have invested more than $20 million on AI technologies and talent during the past year as they seek to harness machine automation to differentiate their services and create new products.
Meanwhile, cybersecurity, AI failures and regulatory uncertainty are complicating future deployments and use cases.
An annual AI adoption survey released this week by business consultant Deloitte also concludes that the early-mover advantage of AI pioneers may be fading as more companies embrace the technology. One reason is that AI deployments are being widely integrated in enterprise applications.
“Capabilities are advancing, [and] it is becoming easier to develop and implement AI applications, and companies are seeing tangible benefits from adoption,” the Deloitte survey concludes. “Governments have developed national strategies for AI and are making substantial investments in research and education. They are also crafting ways to better govern the use of AI technologies to protect and benefit society.”
Still, security and ethical risks remain, as does a continuing lack of talent. The survey found that only 47 percent of all AI adopters said they possess the expertise to select the appropriate technology for a given use case or the right technology vendor.
As AI technology pushes deeper into organizations, the survey authors said companies must build implementation frameworks while moving beyond achieving efficiencies to develop new, differentiating AI-based products and services.
Read the full story here at sister website Datanami.