Interest in artificial intelligence has surged to new heights. Technologies like machine learning, computer vision, computer speech, text and sentiment analysis, and autonomous vehicles have captured the imagination of business leaders. However, surveys continue to find that CIOs and IT managers still seem unsure about how exactly they can use AI to generate revenue in their industry.
A 2019 O’Reilly report titled AI Adoption in the Enterprise found that 81% of the 1,300 respondents worked for a company that was using AI. However, only 27% said that they had revenue-bearing AI projects in production. A majority (54%) were still in the evaluation phase and working on figuring out what to do with the technology.