Most firms expect rapid returns on artificial intelligence investments
Optimism about the value of artificial intelligence-powered applications in the enterprise is high and plans to continue investment in the technology are widespread, according to a report from security technology company Cylance.
The company surveyed 652 IT decision makers in the U.S., U.K., Germany and France, and found that 64 percent expect return on investment (ROI) from AI) within two years.
Organizations are already investing in AI, and this will only increase, the report sais. Nearly all of the IT decision makers surveyed said they are either currently spending on AI-powered products or planning to invest in them in the next two years; and 60 percent already have AI in place. In addition, 79 percent said AI is a top priority for their boards and C-suite executives.
AI is playing a key role in cyber security. More than three quarters ( 77 percent) said they have prevented more data breaches as a result of AI-powered tools. Just under three quarters (74 percent) said they won’t be able to cope with the cyber security skills gap if they don’t adopt AI.
A majority of organizations surveyed (87 percent) see AI-powered technology as a competitive advantage for their IT departments, and 83 percent are specifically investing in AI to beat competitors.