Is the Window for AI Competitive Advantage Closing for Early Adopters?

Source: Deloitte analysis based on Deloitte's "State of AI Enterprise, 2nd Edition" survey of 1,900 AI early adopters in seven countries. Note: Percentages may not add up to 100 due to a small number of respondents who answered, "Don't know." AI adoption and spending have been on a global tear over the past several years. In 2019, 37 percent of enterprises say they have deployed AI--an increase of 270 percent from four years ago.1 IDC estimates 2019 global spending on AI to be $35.8 billion, an amount that could more than double to $79.2 billion by 2022.2 In an era when everyone seems to be jockeying for an edge and looking for ways to ward off disruption, AI can be a powerful tool.