artificial intelligenceBoston Consultingresearch report

Artificial intelligence report 2021 From Boston Consulting

The following is the Artificial intelligence report 2021 From Boston Consulting recommended by And this article belongs to the classification: artificial intelligence, Boston Consulting, research report.

There’s a reason why AI is at the top of the agenda for many executives. According to the Boston Consulting survey, 84% of respondents believe that artificial intelligence is increasingly becoming the key to competitive advantage; 75% of respondents said that AI enabled their enterprises to enter new business areas. Considering its expanding application, artificial intelligence may not only be a way to gain competitive advantage, but also become a necessary condition for survival.

Leaders who want to improve enterprise AI capabilities should first understand the following trends and consider their significance.

Artificial intelligence is by no means an investment niche. Since the new crown pandemic, more than half of the companies have accelerated the adoption of this technology, which has attracted more and more attention from venture capital investors. A closer look at spending shows that enterprises pay special attention to the potential of artificial intelligence in four areas: optimization, personalization, automation and predictive maintenance.

Overall, these functions can improve the consumer experience through self driving cars, smart homes, new therapies, planning content products, etc. They are also promoting the industrial revolution. Customer forecasting, network security and diagnostic capabilities are only a small part of the many applications of artificial intelligence.

Despite these advances, as well as the implicit cultural benefits of technology and its positive impact on employees, few companies can obtain corresponding economic returns. Discovery and implementation are important early steps in the effective use of artificial intelligence, but many enterprises are limited to this. Those companies that get the most return from their investment have redesigned the whole enterprise process, while paying attention to the interaction between people and machines. Successful enterprises realize that using the full power of artificial intelligence is ultimately a strategic rather than a technical effort.

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