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 ai investment accentuate


Differences in AI Investment Accentuate the Digital Divide

#artificialintelligence

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).