In recent years, artificial intelligence (AI) has migrated from academic labs to the business world with the promise of practical applications. AI initiatives have demonstrated a reliable payoff for many sectors, and continued growth is a sure bet. The “MIT Technology Review: Global AI Agenda” offers insights into where that growth will likely occur for North America based on a global survey of business executives.
Across multiple sectors, the value and practicality have been established for AI, streamlining operational processes and increasing productivity. By the end of 2019, more than 85% of North American survey respondents reported they had launched AI initiatives, with 61% reporting efficiency and cost reductions as the biggest gain.