Leap And Learn: The Common Thread Of Artificial Intelligence Success Stories

Enterprises seeing real success with artificial intelligence have something in common: they are capable of learning quickly from their successes or failures and re-applying those lessons into the mainstream of their businesses. Of course, there's nothing new about the ability to rinse, learn and repeat, which has been a fundamental tenet of business success for ages. But because AI is all about real-time, nanosecond responsiveness to a range of things, from machines to markets, the ability to leap and learn at a blinding pace has taken on a new urgency. At this moment, only 10% of companies are seeing financial benefits from their AI initiatives, a survey of 3,000 executives conducted by Boston Consulting Group and MIT Sloan Management Review finds. There is a lot of AI going around: more than half, 57%, piloting or deploying AI -- up from 46% in 2017.