Most businesses to invest in artificial intelligence by 2020

Author Topic: Most businesses to invest in artificial intelligence by 2020  (Read 933 times)

Offline Nusrat Jahan Momo

  • Full Member
  • ***
  • Posts: 159
  • Test
    • View Profile
Most businesses to invest in artificial intelligence by 2020
« on: November 22, 2017, 11:55:03 AM »
Eighty-five per cent of senior executives plan to invest in artificial intelligence (AI) and the Internet of Things (IoT) by 2020, according to a new survey of UK digital leaders by Deloitte.
The findings come from the first edition of a new regular report from Deloitte, the Digital Disruption Index. The index will track investment in digital technologies and create a detailed picture of their impact on the largest and most influential business and public sector bodies. The first edition includes responses from 51 organisations with a combined market value of £229bn.

Over half of survey respondents expect that by 2020, they will invest more than £10 million in digital technologies and ways of working – such as AI, cloud, robotics, blockchain, analytics, the IoT, and virtual and augmented reality. Seventy-three per cent say they will invest in robotics, 63 per cent in augmented and virtual reality, 62 per cent in wearables, 54 per cent in biometrics (such as voice and finger recognition), and 43 per cent in blockchain.

This year alone, 30 per cent of UK organisations will invest more than £10 million in these technologies. But when compared with corporate IT budgets this represents a rather modest amount of investment. According to separate Deloitte research, the majority of IT functions have budgets of over £20 million, while a quarter of corporate IT functions spend more than £75 million annually.

As a likely consequence, at this stage only nine per cent of executives believe that UK companies are world leading at exploring and implementing digital technologies and ways of working.

Offline anwar.swe

  • Full Member
  • ***
  • Posts: 180
  • Lecturer, Dept. Software Engineering
    • View Profile
Re: Most businesses to invest in artificial intelligence by 2020
« Reply #1 on: November 23, 2017, 03:29:26 PM »
Thanks for sharing this
Nd. Anwar Hossen
Senior Lecturer
Mentor, IEEE DIU Student Branch
Department of Software Engineering, FSIT
Daffodil International University

Offline mushfiq.swe

  • Full Member
  • ***
  • Posts: 109
    • View Profile
Re: Most businesses to invest in artificial intelligence by 2020
« Reply #2 on: November 23, 2017, 05:54:14 PM »
Thank you for sharing such important information.
Muhammad Mushfiqur Rahman
Lecturer, Dept. of SWE,
FSIT, DIU.

Offline SSH Shamma

  • Sr. Member
  • ****
  • Posts: 364
    • View Profile
Re: Most businesses to invest in artificial intelligence by 2020
« Reply #3 on: November 29, 2017, 07:24:32 PM »
Thanks for sharing
Syeda Sumbul Hossain
Lecturer, SWE
Daffodil International University
Contact No. 01918455555