A smarter guide to AI for CXOs and SME leaders - Tech Wire Asia

ORGANIZATIONS have been obsessed with artificial intelligence (AI) for the past 18 to 24 months, believing it can provide them with a strong competitive advantage and a key differentiator in a crowded marketplace. As a result, the world has spent nearly US$24 billion on AI and cognitive technologies -- and forecasts suggest that spending will reach US$77.6 billion by 2022, growing at a CAGR of 37.3 percent between 2017 and 2022. Obviously, with all the attention and investment in AI, you tend to think that executives would have a clear idea of what AI really is. A new report suggests, however, that most executives don't. AI is a disruptive technology because it has the potential to boost efficiencies and cut down costs almost overnight.