The what, how, where and why of AI

Artificial intelligence (AI) technology is playing a vital role in transforming not only businesses, but entire industries, and even our day-to-day lives. Gartner forecasts that worldwide AI software revenue is set to reach $62.5 billion this year, a fairly significant increase of 21.3% from 2021. However, the research company also states that, while enterprises continue to show strong interest in AI, the reality is that deployment is lagging behind, and it will take up to 2025 for half of organisations worldwide to reach the maturity model level Gartner describes as the'stabilisation stage'. A reluctance to embrace AI and also a lack of trust, among others. "Successful AI business outcomes will depend on the careful selection of use cases," said Alys Woodward, Senior Research Director at Gartner.