On Your Marks: Business Leaders Prepare For Arms Race In Artificial Intelligence

In fact, according to a recent Forbes Insights survey of 300-plus executives--63% of whom were in the C-suite--95% believe that AI will play an important role in their responsibilities in the near future. The deep data that AI allows companies to tap into is providing insights to help solve challenges in everything from better neuroscience diagnoses to producing kegs of beer. The power of AI is understood by business leaders regardless of company size: The Forbes Insights survey drew detailed responses from companies with annual revenue over $10 billion to as low at $250 million, with remarkable consensus across business size and sectors. All told, 99% of executives in technical positions say their organizations are going to boost their AI spending in the coming year, a level of funding increases likely unmatched anywhere else in the corporate world. Implementation of AI is just getting started in business, but make no mistake: Change comes quickly.