DATA Artificial intelligence

Business leaders set their sights on AI investment

A new study from IFS explores attitudes towards investments in artificial intelligence among business and industry leaders worldwide.

Nearly 90% of companies are considering investing in artificial intelligence (AI) according to new research by enterprise applications company IFS.

The study, titled ‘How are companies planning to adopt artificial intelligence and adjust to resulting disruptive change’, asked 600 business leaders worldwide about their attitudes and strategies regarding AI. It found that around 90% of respondents were planning to implement AI in some form in their business, with industrial automation being the most commonly mentioned area of investment. Customer relationship management and logistics planning shared the second place in terms of AI investment priorities.

The infographic from IFS below sums up the key findings of the study, giving an insight into business leaders’ investment priorities, the benefits they expect from implementing AI, and the challenges they anticipate.

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