We're living in a time of major upheaval. Technology is radically changing the way businesses operate and serve customers, artificial intelligence (AI) most of all.
Today, AI can process millions of points of disparate data, find unseen patterns and correlations, and deliver powerful, prescriptive insights to augment human decisions. AI can even replicate human thinking – but at great speed and scale – for greater efficiency and productivity.
There are endless possibilities for AI, and adoption has increased over the years. According to the AI Index Report from Stanford University's Institute for Human-Centered Artificial Intelligence (HAI), 58% of large companies say they've adopted AI in at least one function or business unit in 2019 – up from 47% in 2018.
The AI Index Report contains many observations into the current state and progress of AI applications. These insights are useful for anyone who has or is planning to deploy AI in the enterprise.
Below are three highlights from the report, along with some key takeaways.