Artificial intelligence and machine learning are always a hot topic, and we are seeing more companies adopt some form of it whether it’s automating a few tasks or assisting with entire business strategies to predict consumer behavior. As you can see below, 67% of respondents have already implemented AI/ML development tools, 60% have implemented AI/ML monitoring solution, and 72% have implemented predictive & prescriptive analytics solutions.
However, there is still room for growth. 42% of respondents say they are only at the Awareness stage of the Artificial Intelligence Maturity Curve with only 3% at the Transformational stage. Over half of the data leaders surveyed say they expect their AI/ML budget to increase over the next year, suggesting that we’ll see more organizations moving up in the maturity curve. This is exciting for both businesses and tech consulting firms like us because together we get to take on more challenging innovations to help businesses grow.