Data Point: More Investment in AI

By / Jan 12, 2020 (Andy/iStock/Getty Images Plus)

Early adopters of artificial intelligence are feeling bullish on the new technology, which is being applied in a wide array of projects from big-data analysis to voice-enabled devices.

In a global survey from Deloitte, 47 percent of firms said they’ve already invested from $500,000 to $5 million in AI, and 51 percent expect to increase their investment by 10 percent or more in the next fiscal year.

Expected Change in AI Investment in Fiscal Year 2020

More than 20 percent increase: 12 percent of firms

10 percent to 20 percent increase 39 percent of firms

1 percent to 9 percent increase 36 percent of firms

No change 11 percent of firms

Source: Deloitte, State of AI in the Enterprise, 2nd Edition, October 2018

Tim Ebner

Tim Ebner is a senior editor for Associations Now. He covers membership, leadership, and governance issues. Email him with story ideas or news tips. More »