Enterprise Artificial Intelligence Deployments Are Beginning to Reach Commercial Scale

Enterprises are beginning to recognize the value associated with incorporating artificial intelligence (AI) into their business processes, according to a new report from Tractica. The number of proof-of-concept and pilot programs continues to grow, and larger scale commercial deployments of AI technology are being publicized by enterprise organizations around the globe. Tractica forecasts that worldwide revenue from deployments of AI software, hardware, and services will increase from $14.9 billion in 2017 to $23.6 billion in 2018, a year-over-year increase of 58%. The market intelligence firm's analysis finds that the top 10 industries for adoption of enterprise AI are as follows: "Results from early enterprise AI deployments are quite strong in terms of improving operational efficiencies, reducing expenses, and enhancing the resolution of data analytics," says principal analyst Keith Kirkpatrick. "Indeed, much of the success of AI is due to the fact that most tasks currently delegated to AI technology are data-driven and therefore easily measured or benchmarked. When AI technology is deployed, even during a small pilot program, the benefits can quickly be demonstrated and proven by looking at the performance data."