Mindtree Study: Businesses Gaining Value From Artificial Intelligence Experimentation

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Mindtree, a global technology services and digital transformation company, today revealed the findings of its recent survey of AI usage across enterprises. The study found most businesses are well underway with AI experimentation, but many still lack an understanding of the use cases to deliver business value and the data infrastructures for making AI a success across the enterprise on a sustainable basis. The survey, which gathered data from 650 global IT leaders from key business markets, found 85% of organisations have a data strategy and 77% have implemented some AI-related technologies in the workplace, with 31% already seeing major business value from their AI efforts. Organisations are achieving their vision to industrialize AI, but many can do more to gain real business value. When implementing an AI strategy, there's a pressing need for use cases to demonstrate business value.


Businesses gaining value from artificial intelligence experimentation: Mindtree study - ET CIO

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Organisations worldwide are achieving their vision to industrialise artificial intelligence (AI) but many can do more to gain real business value, according to findings of a recent survey by technology services and digital transformation company Mindtree. The survey, which gathered data from 650 global IT leaders from key business markets, found 85 per cent of organisations have a data strategy and 77 per cent have implemented some AI-related technologies in the workplace with 31 per cent already seeing major business value from their AI efforts. The study showed certain business functions such as sales (35 per cent) and marketing (32 per cent) gaining the most value from AI as it accelerates the delivery of improved customer experiences. The most popular technologies deployed by global organisations are machine learning (34 per cent), chatbots (34 per cent) and robotics (28 per cent). "The potential of AI to disrupt, transform and rebuild businesses is clearly felt in the C-Suite even if it is not yet fully understood," said Suman Nambiar, Head of Strategy, Partners and Offering for Digital at Mindtree.


How Businesses Can Get The Most Value From Artificial Intelligence

#artificialintelligence

Many businesses are experimenting with artificial intelligence but lack an understanding of the use cases that deliver real business value. That's according to a new study from digital transformation firm Mindtree, which surveyed 650 global IT leaders on their use of AI in the workplace. It found that 85% of organizations have implemented a data strategy and 77% have invested in some AI-related technologies, with only 31% achieving a return on investment. The research shows that businesses can do more to gain increased value from their investments, although they need to focus on use cases that drive ROI. Suman Nambiar, head of strategy, partners and offering for digital at Mindtree, said: "Artificial Intelligence (AI) is transforming the way businesses across the world are operating, for instance, helping them deliver much more personalized experiences and services to their customers. "AI is delivering measurable business benefits to enterprises which experiment using agile, fast, value-driven innovation models, which can then be rolled out for wider use.


How Businesses Can Get The Most Value From Artificial Intelligence

#artificialintelligence

Many businesses are experimenting with artificial intelligence but lack an understanding of the use cases that deliver real business value. That's according to a new study from digital transformation firm Mindtree, which surveyed 650 global IT leaders on their use of AI in the workplace. It found that 85% of organizations have implemented a data strategy and 77% have invested in some AI-related technologies, with only 31% achieving a return on investment. The research shows that businesses can do more to gain increased value from their investments, although they need to focus on use cases that drive ROI. Suman Nambiar, head of strategy, partners and offering for digital at Mindtree, said: "Artificial Intelligence (AI) is transforming the way businesses across the world are operating, for instance, helping them deliver much more personalized experiences and services to their customers. "AI is delivering measurable business benefits to enterprises which experiment using agile, fast, value-driven innovation models, which can then be rolled out for wider use.


Study reveals state of AI implementation among businesses

#artificialintelligence

Mindtree has released findings from a recent survey which reveal some businesses lack the understanding and mature data infrastructures to make AI a success. The study found most businesses are well underway with AI experimentation, but many still lack an understanding of the use cases to deliver business value and the data infrastructures for making AI a success across the enterprise on a sustainable basis. The survey, which gathered data from 650 global IT leaders from key business markets, found 85% of organisations have a data strategy and 77% have implemented some AI-related technologies in the workplace, with 31% already seeing major business value from their AI efforts. Organisations are achieving their vision to industrialise AI, but many can do more to gain real business value. Greater focus is needed on use cases that deliver business value When implementing an AI strategy, there's a pressing need for use cases to demonstrate business value.