AI technology is changing the way the world does business. A study by PwC calculated that global GDP will increase by 14% by 2030 as a result of AI adoption, contributing an additional $15.7T to the global economy (PwC, 2017).1 In the next five years, business executives across the globe expect AI to have a positive impact on growth (90%), productivity (86%) and job creation (69%) in their country and industry (Economist Intelligence Unit, 2018).2 And this growth isn’t limited to specific industries. According to Gartner, “Any organisation in any industry, especially those with very large amounts of data, can use AI for business value.” (Gartner, 2018).
With such enormous potential, it’s no wonder that enterprises are ramping up their AI spend. The majority of enterprises surveyed by Constellation Research are planning to increase their AI investment by more than 50% in 2018 (Constellation Research, 2018).
