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59% of senior executives really feel threatened by synthetic intelligence

U.S. companies investing in synthetic intelligence this yr to enhance effectivity and get monetary savings.

Picture: Krongkaew/Second/Getty Photographs

In keeping with a brand new Pactum survey of 100 senior executives performed by Vanson Bourne, 97% mentioned they plan to take a position considerably in synthetic intelligence this yr, with 83% of respondents saying they may spend over $500,000 on the expertise. Of that group, 10% anticipate spending over $50 million.

Extra about synthetic intelligence

“Over the previous yr there was a shift in attitudes in direction of AI and its makes use of,” Martin Rand, CEO of Pactum, mentioned in a press release. “Many firms all over the world have turned to expertise to assist bolster its enterprise processes. It’s nice to see this optimistic shift in attitudes in direction of the usage of AI inside enterprise and see how organizations can succeed by combining the fitting expertise options with the fitting individuals.”

SEE: Gartner’s high tech predictions for 2021 (free PDF) (TechRepublic)

Many of the respondents (77%) mentioned the COVID-19 pandemic improved perspective towards the expertise. Solely 8% mentioned it had the alternative impact.

Whereas curiosity could also be excessive, different AI analysis signifies enterprise executives must study extra about how AI works, the way to implement it of their organizations, and what it takes to make it work. In keeping with a current Forrester research, to achieve success, enterprise leaders must search for tasks that construct AI capabilities and information slowly, over time. 

AI-related jobs are also in-demand. Primarily based on a search of open positions, the roles board discovered that AI has been good for creating high-paying jobs–most over six figures per yr. These embody knowledge scientists, software program engineers, builders, and software program architects. 

The Pactum survey additionally discovered that:

  • Most respondents (80%) mentioned their organizations have been already utilizing AI.

  • IT, expertise and telecoms (30%) in addition to monetary providers (24%) will see the largest progress in AI. That is adopted by manufacturing (13%), enterprise {and professional} providers (6%), distribution and transport (5%) and retail (5%).

  • Greater than three-quarters (77%) of respondents mentioned AI is being developed responsibly, 9% mentioned it wasn’t, and 10% mentioned it was too quickly to inform.”

  • Most respondents (84%) mentioned AI is enhancing “on a regular basis.”

Whereas most senior executives help the usage of AI, reservations stay:

This text was up to date on June 4, 2021.

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