Artificial intelligence offers ample opportunities to reap business value. When done right, AI can help improve sales, optimize operations, and free up staff for higher-value work. It can help reduce costs and empower organizations to create new products and pursue new markets.
And enterprises are diving in. According to a recent Deloitte survey, 55 percent of IT executives say their companies launched six or more AI-related pilot projects in 2018, up from 35 percent in 2017. More than a third have invested over $5 million in cognitive technologies, and 56 percent expect AI to transform their companies within the next three years.
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