Businesses not exploiting cloud's machine learning power

New research by Exasol has revealed that only 30% of organisations have invested in on-demand cloud processing to grow their artificial intelligence (AI) and machine learning capabilities. The'Driving the Rise of AI and ML with Data' report, conducted by research firm Vanson Bourne, found that 48% organisations now regard machine learning as very important in the near future, with artificial intelligence close behind. Applying predictive analytics, which relies upon machine learning to mine large datasets and predict the outcome of future events, was the main motivation with 64% of organisations regarding it as important. Despite this immediate focus on improving machine learning and AI capabilities, the research suggests organisations are stockpiling data, but are unprepared for the data processing required. Mathias Golombek, chief technology officer at Exasol commented, "I'm surprised that so few businesses have applied cloud infrastructure to machine learning and AI given its importance for enabling these techniques. It appears that many organisations are approaching data investment backwards and investing in the cloud for passive data services, when they could already be harnessing that scalable processing power to derive value from their data with machine learning."