Companies are investing heavily in artificial intelligence, but adoption is often hindered by a lack of IT infrastructure, according to a new survey.
The poll, conducted by market researchers Vanson Bourne on behalf of business software group Teradata, found that 80 pc of companies are already investing in AI and related technologies and 30 pc expect to increase these investments in the next three years.
The positive attitude toward AI contrasts with the “significant” barriers to adoption that 91 pc of companies polled expect. Lack of IT infrastructure poses the biggest obstacle, closely followed by a lack of in-house expertise. The relatively new and unproven status of AI was also cited as a potential problem.
“There is an important trend emerging evident in this report,” said Atif Kureishy, vice president, emerging practices at Think Big Analytics, a Teradata company. Companies today see AI as a strategic priority that can give them a competitive advantage, he said in a press release.
But Kureishi warned that, to make the most of AI, companies will have to adopt strategies that embed the new technologies in all business processes “from the data center to the boardroom.”
Corporate CIOs and CTOs are leading efforts to implement AI, but 62 pc of executives said they will likely hire a dedicated chief artificial intelligence offer (CAIO) to lead the efforts.
Teradata polled 260 big companies worldwide for its survey.