As the technology powering artificial intelligence (AI) continues to evolve, more use cases are arising. Consider, for example, how AI is being utilized for self-driving cars, customer-facing chatbots and automated ecommerce shopping assistants. But the narrative around AI has shifted — enterprises are realizing that AI is maturing into a powerful business tool.
Executive leaders are aware of AI’s transformative power. AI has positively impacted organizations on a significant scale for several years. A recent study found that most advanced AI adopters successfully reduce their operating costs1 — no easy task when the demands on business are increasing at a rapid rate. The same study also found that AI adoption results in an average of more than 6 percent in direct revenue gains.