Skip to main content

Enterprise AI and Machine Learning Solutions in Action

A relatively small group of savvy executives have strategies in place to harness new business process automation technologies and thereby advance their digital transformation agenda. Meanwhile, a much larger group is closely following the market leaders, to explore their lessons-learned from pilot projects.

According to the latest worldwide market study by 451 Research, new survey results suggest most organizations are adopting or considering artificial intelligence (AI) and machine learning (ML) due to its commercial growth benefits, rather than the potential to cut jobs.

Despite being somewhat new, there's adoption momentum for the technology.

Machine Learning Market Development

Almost 50 percent of their survey respondents have deployed or plan to deploy machine learning in their organizations within the next 12 months. Therefore, this paints a more optimistic picture of machine learning adoption than is often portrayed by other industry analysts.

"Out of many possible benefits we presented to our survey respondents, 49 percent cited gaining competitive advantage as the most significant benefit they have received from the technology," said Nick Patience, vice president at 451 Research.

Improving the customer experience came a close second, cited by 44 percent of respondents. Despite all the hype around mass job losses, lowering costs was cited by only a quarter of the survey respondents.

He added, "We think this demonstrates that AI and machine learning is an omni-purpose technology that can bring numerous benefits to organizations, beyond just lowering costs through increased automation."


That being said, there are still some major obstacles that inhibit progress. When asked "what is your organization’s most significant barrier to using machine learning?" most cited a shortage of skilled resources as the top barrier (36 percent).

According to the 451 Research assessment, skilled talent for machine learning projects usually means proven data science skills and experience. And a lack of those capabilities is reinforced further by the finding that data access and preparation is the second biggest barrier cited by survey respondents.

However, 451 Research expects the lack of skills and experience to gradually decline as a barrier when AI tools become easier to use, and the population of users who can leverage machine learning expands.

Outlook for AI and ML Application Growth

Organizations will need to ensure their machine learning deployment brings the business benefits that matter most to their stakeholders. To learn more about the commercial impact that AI and machine learning might have on your organization, consider researching the application of 'quick-start solutions' that enable rapid testing and deployment.

Moreover, some forward-thinking vendors are already addressing the bigger challenges that face enterprise developers and data scientists. To help CIOs and CTOs scale projects, smart vendors offer high-performance server platforms and integrated software that will enable organizations to extract better results from their available data and accelerate the reporting of actionable insights.

Popular posts from this blog

How a Digital-First CEO Leads Transformation

Some leaders reject the notion that "wait and see" is the best response to disruptive change. Savvy senior executives are already driving digital business transformation throughout their organization in an effort to gain a bold strategic advantage. According to the latest market study by International Data Corp (IDC), Digital-First CEOs plan to drive at least half of their income from digital business products, services, and experiences by 2027 -- that's ahead of the market average of 39 percent. Driven by their response to the COVID-19 pandemic, these business leaders have changed how they think about the relationship between business and technology, and how they approach the next digital transformation era -- from scaling digital technology to guiding a viable digital business. Digital Business Market Development IDC defines digital business as value creation based on technology, which entails: 1) Automated customer-facing processes and internal operations; 2) Provision

Digital Solutions for Industrial & Manufacturing Firms

Executive leaders of fast-moving consumer goods (FMCG) are seeking guidance on how to apply new business technology in their manufacturing operations. CIOs and CTOs are tasked with gaining insight into the best solutions for digital transformation. ABI Research evaluated the impact politics, regulation, the economy, supply chain, ESG, and technology are having on FMCG, pharma, producers of steel, chemicals, pulp and paper -- as well as the mining and oil & gas sectors. Digital Transformation Market Development "Our assessment found that the FMCG sector is under pressure from all sides," says Michael Larner, industrial & manufacturing research director at ABI Research . Securing raw materials is challenging considering lockdowns in China and limited grain supplies from Ukraine. Supply shocks are raising input costs, and operating costs are rising with higher energy costs coupled with the pressure to pay higher wages and work sustainably. "We all hoped that with th

5G Fixed Wireless Access Revenue to Reach $24B

Available Internet access at an affordable cost is essential for everyone to participate in the Global Networked Economy. The deployment of fifth-generation (5G) wireless communications infrastructure is enabling the introduction of lower-cost broadband services in some markets. Fixed Wireless Access (FWA) allows mobile network operators (MNO) to deliver high-speed Internet connections in areas that have either insufficient or no prior wireline broadband access services. It's also used in urban, suburban, and rural areas where fiber optic communication is considered too expensive to install and maintain. With this new technology, MNOs have the potential to provide broadband capability at similar levels to fiber optic networks. Fixed Wireless Access Market Development Therefore, FWA can be used to supplement existing wired broadband Internet service offerings, provide additional broadband capacity, or act as a backup service for home or business applications. Although FWA is well es