Check out all the on-demand sessions from the Intelligent Security Summit here. Consulting firm McKinsey released its State of AI 2022 report today, revealing key findings on AI's use and adoption globally over the past half-decade. According to the report, AI adoption and investment have accelerated in the last five years, with businesses reporting AI becoming a bigger priority. AI adoption has more than doubled since 2017 (20% to 50%), with 63% of businesses expecting investment in AI to increase over the next three years. However, there has been a noticeable plateau, with the proportion of organizations adopting AI hovering between 50 and 60 percent for the past few years.

These and many other fascinating insights are from McKinsey's latest survey and report on AI, The State of AI in 2020. McKinsey's methodology relied on an online random sampling of 2,395 respondents representing a broad spectrum of regions, industries, company sizes, functional specialties and senior management tenures. One thousand one hundred fifty-one respondents say their enterprises had adopted AI in at least one function. For additional details on the methodology, please see page 13 of the report. What makes this report noteworthy are the insights into how enterprises who adopted AI early focused on creating revenue-based business cases are getting results today.

It's hard to believe, but a year in which the unprecedented seemed to happen every day is just weeks from being over. In AI circles, the end of the calendar year means the rollout of annual reports aimed at defining progress, impact, and areas for improvement. The AI Index is due out in the coming weeks, as is CB Insights' assessment of global AI startup activity, but two reports -- both called The State of AI -- have already been released. Last week, McKinsey released its global survey on the state of AI, a report now in its third year. Interviews with executives and a survey of business respondents found a potential widening of the gap between businesses that apply AI and those that do not.

Tue, Nov 24 2020: Erling.A. Sjokvist (erlingasjokvist) Newsletter on Nuzzel. Subscribe to Erling.A. Sjokvist's Nuzzel Newsletter