Algorithmia: AI budgets are increasing but deployment challenges remain

A new report from Algorithmia has found that enterprise budgets for AI are rapidly increasing but significant deployment challenges remain.

Algorithmia’s 2021 Enterprise Trends in Machine Learning report features the views of 403 business leaders involved with machine learning initiatives.

Diego Oppenheimer, CEO of Algorithmia, says:

“COVID-19 has caused rapid change which has challenged our assumptions in many areas. In this rapidly changing environment,...

10 December 2020 | Adoption

IDC: Half of AI projects fail for one in four companies

Research from IDC has found that half of AI projects fail for one in four companies on average.

Put in such a context, the research offers little comfort for businesses considering AI investments. On the other hand, it means half of AI projects are successful for three out of four companies; a far more incentivising statistic.

The two leading reasons for an AI project failing are:

A lack of required skills.Unrealistic expectations.

IDC’s research found...

9 July 2019 | Enterprise

AI in the workplace: a blessing, not a curse

Artificial intelligence is beginning to permeate many aspects of our daily lives – it’s embedded into apps on our smartphones, leading the charge in entertainment, it’s helped to modernise industries such as manufacturing and the supply chain, and it’s promising to make a big difference in the world of medicine.

At its core, AI has a huge amount of potential to improve the way people work: think automating cumbersome processes, or helping employees be more efficient by...

9 May 2019 | Enterprise

Microsoft wants to get business leaders up to speed on AI

Microsoft is launching AI courses to help business leaders understand how they can harness the technology and gain a competitive advantage.

Last week, AI News reported on a Microsoft study which highlighted that high-growth companies are over twice as likely to be using AI. 41 percent of high-growth companies are using AI compared to just 19 percent of low-growth.

This divide needs to change or small businesses risk falling even further behind. However, overall, less...

12 March 2019 | Enterprise

Microsoft study indicates US businesses are slow to adopt AI

A Microsoft survey of business leaders from various nations has found US firms are particularly slow to adopt AI technology.

One standout result of the study is that German, British, Russian, Dutch, Swiss, and Italian business leaders are – on the whole – reporting they’re “actively implementing” AI ahead of the US.

In fact, of business leaders from the countries surveyed, only France was behind the US.

The survey did not include all countries and is...

8 March 2019 | Microsoft