AI to Become Key Competitive Factor by 2020, Says Tata - InformationWeek

Eighty-four percent of large companies around the world say they are using artificial intelligence, and 62% say AI is important to remaining competitive in the year 2020. Tata Consultancy Services polled 835 executives and IT managers in North America, Europe, Asia Pacific and South America at companies that averaged $20 billion in revenues. It found AI to be almost universally important, but the average investment in it was one-third of one percent of revenues, or $67 million. Only 7% said they spent $250 million or more in 2016. The average was $67 million; the median for the whole group, only $3 million.