The state of AI in 2020 likely sees more adoption

This year "is the year that AI is going to enter the enterprise mainstream adoption," said Jeff Loucks, executive director of The Center for Technology, Media & Telecommunications at Deloitte Services LP. Deloitte's 2020 edition of its annual "State of AI in the Enterprise" report, released in July, indicates that many enterprises are investing heavily in AI, and many are buying cloud-based AI products instead of building their own. The technology and consulting company surveyed 2,737 IT and line-of-business executives across nine countries. All of the respondents use some form of AI in their companies. The survey showed that 53% of the adopters spent more than $20 million over the past year on AI-related technology and talent, with 71% of them expecting to increase spending in the next fiscal year.