Most executives are well aware that artificial intelligence (AI) can transform virtually every aspect of a business. Thanks to this technology, the global economy could grow by $15.7 trillion by 2030. However, many business leaders don’t know how to implement AI not just in individual pilots, but across the entire organization — where it can have maximum impact.
Leading companies are already applying their AI models to improve decision-making and provide predictive intelligence to employees across all functions. AI can be used to create new projects and scale up old ones.
A new category of tools (including automatic machine learning (AutoML)) to optimize and automate part of the AI model creation process will democratize AI. Some 38% of executives, according to the survey, will focus on AI for business. This is the second-highest priority after data set generation and reusable models.
Artificial intelligence provides the answer to the big question: how do you extract value from data? According to the study, the paramount challenge when working with data in the context of artificial intelligence is to integrate AI and analytics systems to extract valuable business information from data.
This goal is achievable. AI can be used in conjunction with data and analytics to better manage risk, help employees make decisions, automate customer operations, and more.

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