AI continues to flourish in business despite the pandemic and a turbulent economy

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Nearly three-quarters of businesses now consider artificial intelligence (AI) critical to their success, and AI continues to grow in importance across companies of various sizes and industries, according to a new report. And despite turbulent times, more than two-thirds of respondents to Appen Limited's 2020 State of AI Report do not expect any negative impact from the COVID-19 pandemic on their AI strategies. Nearly half of companies have accelerated their AI strategies, 20% doing so "significantly," betting their AI projects will have a positive impact on their organization's resiliency, efficiency, and innovation, according to the annual report. SEE: Managing AI and ML in the enterprise 2020: Tech leaders increase project development and implementation (TechRepublic Premium) Yet almost half (49%) of respondents feel their company is behind in their AI journey, suggesting a critical gap exists between the strategic need and the ability to execute among business leaders and technologists, Appen said. Surprisingly, respondents are not that leery of AI: The report also found that only 25% of companies said unbiased AI is mission-critical.

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