Council Post: Factors To Consider When Adopting Artificial Intelligence And Machine Learning: What Businesses Need To Know

Chintan is a serial entrepreneur and currently the CEO and founder of Brainvire. Artificial intelligence (AI) and machine learning (ML), or AI/ML, are quickly becoming a crucial next step for business growth. Recent years have seen more and more businesses adopting this technology and witnessing significant benefits in several areas. A McKinsey survey indicated that AI adoption rose from 50% in 2020 to 56% in 2021. As per another survey, "76% of organizations say they prioritize AI/ML over other IT initiatives, and 64% say the priority of AI/ML has increased relative to other IT initiatives."