ai investment accentuate
Differences in AI Investment Accentuate the Digital Divide
For many manufacturers, digital transformation efforts are yielding tangible results including operational efficiencies, improved time to market as well as the ability to better meet ever-evolving customer expectations. However, according to Forrester, up to 93% of companies agree that innovation technologies are necessary to reach their digital transformation goals. For instance, an organization's ability to understand and effectively leverage artificial intelligence (AI) has surfaced as a key differentiator. According to a recent Cognizant report, "Investing in AI: Moving Along the Digital Maturity Curve," AI plays a critical role in enabling businesses to churn through data at the scale and precision required to succeed in today's global environment. The use of AI signals a shift in focus from the data collection phase, including initiatives like the Internet of Things (IoT) to generate data, to the data insights phase (i.e., AI).