While artificial intelligence (AI) is considered critical to future success for most organizations, key shortcomings are preventing them from scaling and succeeding with AI, according to our recent cross-industry study of executives across the U.S. and Europe.
In fact, AI projects at most organizations remain in the early and experimental stages. While a majority of respondents consider AI to be “critically important” to their organizations, many couldn’t point to fully implemented AI projects within their business, suggesting a significant disconnect between aspiration and existing realities. Although many executives claimed to be ready with an AI strategy, most could not distinguish which obstacles posed the biggest challenge for full adoption, which suggests that a good many have yet to hone their strategic focus. The job of addressing the associated ethical dimensions of AI also appears to remain a work-in-progress.