To find out the answers to these questions, and more, Teradata commissioned technology research company Vanson Bourne to conduct a survey of global executive decision-makers on the topic of artificial intelligence for the enterprise. Senior VP and C-Level executives at 260 organizations globally -- 50% of which are organizations with annual revenue of $1B or more -- responded to the survey, resulting in some very interesting insights.
- Business are all in on AI - 80% of enterprises already have some form of AI (machine learning, deep learning, etc.) in production today
- And, they have high hopes for business impact - for every dollar invested today, they expect to double the return in 5 years, and triple in 10 years
- But, 91% see big barriers ahead - lack of IT infrastructure (40%) and lack of talent (34%) are the biggest ones
- To set the strategy, a new role is emerging - 62% expect to hire a Chief AI Officer in the future
- And, what about the big question of AI taking jobs? - 95% think AI will have some impact on human work by the year 2030, but only 21% think AI will replace humans for most enterprise tasks; And, only 20% think AI will impact employee morale.