Companies Are Making Serious Money With AI

With the start of each year come predictions, plans, and surveys from consulting firms. When it comes to artificial intelligence, multiple recent surveys indicate that companies aren't just planning on spending serious money on AI in 2022 -- they are already making good money from the technology. A bit of context might be helpful. Despite some AI successes, one of the challenges in recent years has been that projects involving the technology have frequently lacked sufficient economic returns. In a 2019 MIT Sloan Management Review and Boston Consulting Group AI survey, for example, 7 out of 10 companies reported minimal or no value from their AI investments.