Are we ready for Artificial intelligence in the business landscape?

Whether your company is in the field of retail, utilities, healthcare, media, or logistics, the bet is that artificial intelligence (AI) is already touching your industry, even if you aren't aware of it. There are endless possibilities for what AI can do for your business. Just to name a few, some of the common use cases for which it's being applied are fraud detection, smarter services, research insight, demand forecasting, patient diagnosis, inventory optimization, recommendation systems for e-commerce, and the list goes on. According to the research "Reshaping Business with Artificial Intelligence" by MIT Sloan Management Review and The Boston Consulting Group, in a global survey of more than 3,000 executives, managers, and analysts across industries, almost 85% believe AI will allow their companies to obtain or sustain a competitive advantage. Nevertheless, only one in 20 companies have extensively incorporated AI in offerings or processes and less than 39% of all companies have an AI strategy in place.