potential of artificial intelligence is a topic of discussion in a growing number of boardrooms, classrooms, parliaments and public spaces around the world. It’s little wonder, given that a recent study by PwC found that AI could generate 14% growth in global GDP by the end of the decade, worth a combined US$15.7-trillion. How is that possible? Because of the productivity gains AI can underpin, and the demand for new services and products it can drive.
Eventually, AI will transform every industry, and every business within them. In 2021, McKinsey says it saw $165-billion in investment into AI across a plethora of industries, and according to the IDC, it expects expenditure on AI-related hardware and software to reach $97.9-billion this year alone. Perhaps most surprising, according to Forbes, only 14.6% of organisations reported that they had deployed AI capabilities into widespread production. That lack of successful deployment and the challenges cited are prime examples of AI obstacles that can be overcome with an appropriate AI strategy.
As Murat Durmus, the CEO of AISOMA, succinctly puts it: “A company nowadays without an Al strategy is like a sailboat without a sail.”
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