Demystifying Artificial Intelligence: What Does it Take to Succeed in AI? • GetHow

As per the report by International Data Corporation, almost 50 percent of the participating global organizations perceived Artificial Intelligence as a top priority. While 25 percent of these businesses had successfully implemented a company-wide AI strategy, almost 60 percent had modified their business model to accommodate AI-driven functionalities. However, one-fourth of the respondents reported that up to 50 percent of their AI projects couldn't provide the desired results. Overall, many businesses experience issues when trying to incorporate Artificial Intelligence (also known as AI) into their operations. There are various reasons for this, such as the higher costs involved, the requirement of specialist skills, and reliance on the collection of comprehensive data.