Early Adopters Bullish on Business Value of Cognitive

'Cognitive-aware' executives expect artificial intelligence to have a major impact on business and the workforce, and many are already realizing benefits, according to a Deloitte survey. A new Deloitte report on the business value of artificial intelligence (AI) finds that many early adopters of cognitive technologies¹ are upbeat about their potential, and many expect them to drive economic growth and transform both companies and entire industries. For the 2017 Deloitte State of Cognitive Survey, researchers interviewed 250 business executives who have already begun adopting and using AI and cognitive technologies.² Eighty-seven percent of these "cognitive-aware" leaders say cognitive technologies are either important or very important to product and service offerings; even more--92 percent--say these technologies are important or very important to internal business processes. More than three-quarters (76 percent) believe that cognitive technologies and the benefits they bring will substantially transform their companies within the next three years.