AI Investment Rising Significantly Among Early Adopters

Early adopters are ramping up investment in artificial intelligence (AI) technologies in 2018 reveals an AI study conducted by Constellation Research. Sixty percent of C-level executives surveyed say their organizations plan to increase investment in AI by over 50% compared to last year (Figure 1). AI budgets, however, remain relatively modest with 92% of respondents expecting to spend less than $5 million on AI in 2018. Modest AI budgets signal cautious adoption and deployment of foundational AI technologies for now. However, because AI often delivers successes exponentially, Constellation expects AI budgets to continue to rise by more than 50 percent annually for the next four to five years as AI R&D yields bigger successes at an increasing pace.