High-stakes enterprise investment in deep technology solutions is largely driven by the threat of industry competition. This creates a situation where substantial R&D budgets are required, and success or failure has a big impact on employment prospects. A new report has been issued titled "Out of the Lab, Into the Market: Deep Tech's Enterprise Future", which examines the issue. The report focuses on large enterprises' attitudes, priorities and anxieties regarding their deep technology investments such as artificial intelligence and machine learning, robotics, 3D printing, quantum computing, blockchain and more. Deep tech, according to Tech Crunch, is an industry term for generic term for technologies not focused on end-user services.
CFOs and other finance executives are optimistic that economic recovery is on the horizon: three-quarters (73 percent) expect that they will return to normal growth by the end of 2021, according to the latest Enterprise Financial Decision-Making Report from OneStream, a provider of corporate performance management solutions for mid-sized and large enterprises. Companies have significantly increased their data analysis tool investments and usage over the past year, the report found. Above: Over half of companies are using data analysis tools more than before the pandemic. OneStream's study targeted finance leaders across North America and identified the factors driving their priorities, budgets and technology adoption plans for 2021. The survey found that the COVID-19 pandemic created a heightened need for agile forecasting, predictive planning and digital transformation.
BETHESDA, Md., Feb. 24, 2020 – Modzy, a leading enterprise artificial intelligence platform, today published "The Race Towards Artificial Intelligence (AI) Adoption" – a report highlighting key challenges and opportunities of AI adoption. In the next few years, many organizations will reach an inflection point for their AI technology programs. With 80% of decision-makers suggesting they will increase AI investment in the next 1-2 years, pressure will grow to demonstrate greater progress and value. But AI technologies will only achieve potential if organizations can integrate greater explainability, trust and security. "2021 will be the year when those implementing AI will start achieving value at scale, while those spending months training brittle models and failing to catch up will be at an increasing, exponential, disadvantage," said Josh Sullivan, head of Modzy.
Artificial intelligence (AI) is one of the hottest topics in today's headlines. It powers natural language recognition for voice-powered assistants like Siri and Alexa, beats world-class Google Go players, and enables hyper-targeted e-commerce and content recommendations across the web on industry-giant websites that include Target and Netflix. But recently, AI has begun actively expanding its footprint in the enterprise. Executives are trying to more fully comprehend what AI is and how they can use it to capitalize on business opportunities by gaining insight into the data they collect and engaging with customers more productively to hone their competitive edge. AI is the frontier of enterprise technology, but there remain many misperceptions about what it is and how it works.
A new global study finds that while the use of artificial intelligence (AI) is low today, it is expected to create increased revenue, productivity, profitability and shareholder value for businesses within two years. Overall, only 16 percent of business leaders surveyed perceive they are currently garnering significant value from advanced AI. However, AI programs are being fast-tracked and that number is expected to more than triple to 52 percent within the next two years. This is according to a new report, "Competing in the Cognitive Age: How companies will transform their businesses and drive value through advanced AI," by global consulting firm Protiviti in collaboration with ESI ThoughtLab. To understand how companies will transform their businesses through applications of advanced AI technologies and the benefits they expect to gain, Protiviti and ESI ThoughtLab conducted a global survey of 300 senior executives across functions, industries and company sizes in the third quarter of 2018.