Overwhelming majority expect significant barriers;Chief AI Officer emerging to drive strategy and ROI from AI technologies

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A whopping 80 percent of enterprises are investing today in AI, but one in three business leaders believe their company will need to invest more over the next 36 months to keep pace with competitors. At the same time, enterprises are anticipating significant barriers to adoption and are looking to strategize against those issues by creating a new C-suite position, the Chief AI Officer (CAIO) to streamline and coordinate AI adoption. These results come from survey of 260 large organizations that operate globally including 60 from APAC region, conducted by leading technology industry market research firm Vanson Bourne on behalf of Teradata (NYSE: TDC), the leading data and analytics company.

“There is an important trend emerging evident in this report — enterprises today see AI as a strategic priority that will help them outpace the competition in their respective industries,” says Atif Kureishy, Vice President, Emerging Practices at ThinkBig, a Teradata company. “But to leverage the full potential of this technology and gain maximum ROI, these businesses will need to revamp their core strategies so AI has an embedded role from the data center to the boardroom.”

Commenting on the results of the survey, Rajesh Shewani, Head – Technology and Solution Architecture, Teradata India said, “Artificial Intelligence (AI) is going to be the next big differentiator for both society and enterprises. In the Indian context I believe AI can be a huge disruptor as our social and economic problems are bigger and in many ways more complex and challenging. It is heartening to see Indian enterprises echoing the same sentiments as their APAC peers. They are recognizing AI as an enabler that is crucial to transform their business and stay ahead of the competition than just a mere tool. At the same time, they also realize that to fully leverage the advancements in AI, the deep integration of AI in their business strategy is essential, which is something that still remains a work-in-progress today.” Read more

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