Digital transformation has become an ongoing process rather than a one-time goal, with market-attuned companies continually on the hunt for the next big technology shift that gives them a competitive advantage. That next big shift is the fusion of artificial intelligence and cloud computing, which promises to be both a source of innovation and a means to accelerate change. With pervasive AI and cognitive capabilities underpinned by the cloud, digital pioneers in today's data-intensive world have the potential to harvest and build value from this unprecedented amount of data. A new IBM study, "The cognitive advantage," reveals that 65 percent of early adopters believe AI is very important to their organizational strategy and success. More than half say AI is essential to digital transformation.
Cognitive and AI capabilities promise to transform organizations, but adopting this new technology can seem daunting -- even for sophisticated IT users. However, according to a new IBM report on decoding cognitive business, cognitive pioneers say adoption doesn't have to be overwhelming. These organizations already apply cognitive technology to accomplish targeted business goals -- from evolving customer acquisition to personalizing health programs to reinventing risk management. IBM research shows that 65 percent of early adopters believe cognitive adoption is very important to their strategy and success, and more than half regard it as a must-have to remain competitive. How do pioneers seize the cognitive advantage?
According to the recent IBM Institute for Business Value (IBV) report, "Analytics: Dawn of the Cognitive Era," almost three-quarters of more than 6,000 organizations have the data and analytics capabilities needed to start their cognitive journey. The rapid clip at which things have changed is almost mind-boggling. When the IBM IBV analytics team began this research series in 2010, the focus was on educating executives about how analytics could create value because most still relied on gut instincts and limited descriptive data. By 2012, the majority of organizations were using diagnostic and predictive analytics. The seventh annual IBV analytics research study finds that 74 percent of organizations are pervasively using at least one type of prescriptive analysis within their organization.
Early adopters of artificial intelligence (AI) and cognitive technologies are reporting strong opportunities for economic gains and job creation, according to a study released this week by consulting firm Deloitte. AI has become one of the great, meaningless buzzwords of our time. In this video, the Chief Data Scientist of Dun and Bradstreet explains AI in clear business terms.
Early adopters of artificial intelligence (AI) and cognitive technologies are reporting strong opportunities for economic gains and job creation, according to a study released this week by consulting firm Deloitte. AI has become one of the great, meaningless buzzwords of our time. In this video, the Chief Data Scientist of Dun and Bradstreet explains AI in clear business terms. The overall sentiment of organizations queried by the firm is positive about the current and future role of cognitive technologies in their organizations. Nearly two thirds (63 percent) of the 250 "cognitive aware" US executives surveyed online already have training programs underway for employees to learn how to develop cognitive technologies or work alongside them.