Failure to Scale Artificial Intelligence Could Put 75% of Organizations Out of Business, Accenture Study Shows

Failure to Scale Artificial Intelligence Could Put 75% of Organizations Out of Business, Accenture Study Shows Companies that shift from AI experimentation to execution achieve lasting ROI and competitive agility NEW YORK; Nov. 14, 2019 – Three-quarters of C-level executives believe if they don't move beyond experimentation to aggressively deploy artificial intelligence (AI) across their organizations they risk going out of business by 2025, according to a newly released study from Accenture (NYSE: ACN). The report, titled "AI: Built to Scale" and produced by Accenture Strategy and Accenture Applied Intelligence, is based on a global survey of 1,500 C-level executives across 16 industries designed to understand how companies are implementing AI across their organizations. The research found 84% of C-level executives believe they won't achieve their business strategy without scaling AI, yet only 16% have made the shift from mere experimentation to creating an organization powered by robust AI capabilities. As a result, this small group of top performers is achieving nearly three times the return from AI investments as their lower-performing counterparts. The report reveals the secret to success for these top performers centers around three key elements: a strong data foundation; multiple dedicated AI teams; and a C-suite-led commitment to strategic, organization-wide AI deployment.