Companies Boost AI Spending, But Risks, Talent Gaps Persist

A balanced strategy can be critical to realizing the benefits of AI technologies, according to a global survey of early AI adopters. Nobody likes to be left behind when the next big thing comes along, and business leaders are no exception. With AI widely seen as helping to drive a major economic expansion, a fear of missing out is spreading among many organizations worldwide. A number of businesses are rushing to advance their AI capabilities through investment and talent development, and several governments have set up formal AI frameworks to help spur economic and technological growth. As Deloitte's annual State of AI in the Enterprise survey¹ shows, AI technology will likely exert an enormous effect on economic development and the nature of work--and it's already transforming early-adopter companies.