Over 60 percent of companies have only scratched the surface of using artificial intelligence to improve business | ICT Business | TechBuzz

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In Spain, Metro Madrid uses artificial intelligence (AI) to monitor the network and reduce energy consumption by 25 percent. In the United States, a beverage company uses AI to drive sales by analyzing retailers and markets. In the Middle East, the telco’s AI-powered virtual assistant speaks to 1.65 million users every month in different Arabic dialects and English. So AI has taken off, or so it seems. But what is the real reality?

Accenture’s research found that it is devastating – only 12 percent of companies have advanced in terms of artificial intelligence to the point where it makes a difference sufficient for superior growth and business transformation. What these companies have in common is that they spend about 30 percent of their total budget on artificial intelligence. And, those companies are said to have reached “maturity” in terms of artificial intelligence (eng. AI Maturity).

More specifically, in 2021, a survey was conducted in which managers from 2,000 of the world’s largest companies participated, and what could still be concluded in terms of artificial intelligence is that their chances for stock growth were 40 percent more pronounced if, when announcing their business results, they discussed and to her. For example, in 2018, the chances of growth in this sense were 23 percent.

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All the same, the just mentioned 12 percent advanced in terms of this new technology, and this is truly an aggravating circumstance, something that would not be expected given that it can help to such an extent in terms of complete business growth.

By the way, “AI maturity” measures the degree to which organizations have mastered AI-related capabilities in the right combination to achieve high performance for customers, shareholders and employees.

At the same time, Accenture divides companies into four types when talking about “AI maturity”.

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1. AI achievers – they demonstrate advanced “AI maturity”, sufficient to achieve superior growth and business transformation.

2. AI builders (eng. builders) – show strong fundamental abilities and average differentiation of their capabilities.

3. AI innovators – show strong differentiation of their capabilities and average underlying capabilities.

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4. AI experimenters – those with average capabilities and abilities in both categories. At the same time, they make up the majority in the sample of respondents (63 percent).

Ultimately, the first three types make up 12, 12 and 13 percent respectively, that is, a total of 37 percent of all respondents.



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I am admin of techbuzz.asia blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

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