Most firms now consider AI to be essential to remain competitive

Artificial intelligence technology is expected to have a “dramatic” impact on business by 2020, according to new report by consulting firm Tata Consultancy Services.

The study shows that a large majority (84 percent) of the 835 executives surveyed from North America, Europe, Asia-Pacific and Latin America said their organizations view the use of AI as “essential” to being competitive. Half of those surveyed consider AI technology to be transformative.

Author: Bob Violino


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