Extract from Julien Masanès’ article, “Unlocking AI’s Strategic Imperative: From Proof of Concept to Production“
We will likely now all agree that the latest generation of AI has emerged as a game-changer. Its potential is undeniable and prevalent across every sector, industry, and use case. Yet, many enterprises remain stuck in the “Proof of Concept” (POC) phase due to various barriers, testing the waters but never diving in. It’s time to move beyond this and build real-world applications using AI.
The Magic of AI is Already Proven
Countless evaluations across industries have showcased the transformative potential power of AI. From predictive analytics to natural language processing, the capabilities of AI have been displayed across various sectors. The magic isn’t in proving AI’s potential anymore; it’s in harnessing it for tangible business outcomes.
AI: A Strategic Imperative
Let’s begin by highlighting some crucial statistics that underscore the significance of AI in our industry. According to IDC’s AI StrategiesView 2022, within the next two years, firms will prioritize AIOps (16%), augmented intelligence (15%), and discovery and analysis applications (14%). These findings emphasize that AI isn’t merely a passing trend; it’s a strategic imperative shaping the future of our field.
Furthermore, IDC’s Worldwide Artificial Intelligence Spending Guide (August 2022) projects that global spending on AI is set to surpass $301 billion by 2026, with a notable 5-year compound annual growth rate (CAGR) of 26.5%. This figure serves as a compelling testament to the vast potential that lies ahead.