3 ways attitudes to enterprise ML shifted in 2020 - TechHQ

In May this year, Gartner predicted global IT spend would fall 8% over the course of the year as business and technology leaders refocused budgets, prioritizing things like cloud collaboration solutions and cybersecurity. We might be prone to think investments in technologies like artificial intelligence (AI) and machine learning (ML) have been shelved for now. But a new report from Algorithmia suggests that's not the case. Not only has the upheaval of 2020 not impeded AI/ML efforts that were already underway, but it appears to have accelerated those projects as well as new initiatives. A key takeaway from the blind study, which included 403 business leaders involved in machine learning initiatives at companies with US$100 million or more in revenue, is that enterprise IT departments are increasing machine learning budgets and headcount despite the fact that many haven't learned how to translate increasing investments into efficiency and scale.