6 AI priorities your business can't afford to ignore

Artificial intelligence (AI) offers a major opportunity for global businesses, as the technology could add up to $15.7 trillion to the global economy by 2030. However, many businesses still struggle to actually use AI throughout the business to drive value and ROI, according to a Wednesday report from PwC. Of the 1,000 US executives surveyed, 20% said their companies will deploy AI across their businesses in 2019. However, major concerns over new privacy threats (43%), new cyberthreats (41%), new legal liabilities and reputational risk (34%), the technology's complexity (33%), and an inability to meet demand for AI skills (31%) stand in the way of implementation. Companies must focus on the following six key areas to become AI leaders, according to the report. SEE: IT leader's guide to the future of artificial intelligence (Tech Pro Research) Businesses will feel pressure in 2019 to scale AI initiatives to improve decision-making and forward-looking intelligence for workers across every department and function, PwC predicted.