View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

Report: AI adoption to create surge in revenue growth by 2020

Clear link found between AI adoption and business growth.

By Hannah Williams

Infosys has released its multinational research findings on the business impact of Artificial Intelligence, market maturity and expectations.

A clear link has been shown to exist between a company’s revenue growth and its AI maturity, with those reporting faster revenue growths more likely to be ahead in AI adoption.

76 percent of respondents to the Infosys study said they believe AI is fundamental to the success of the organisation’s strategy, while 64 percent say large-scale AI adoption adds to the future growth of their organisation.

The report also found that AI is perceived as a long-term strategic priority in innovation. The majority of respondents, totalling to 85 percent, aim to train employees on the benefits and use of AI.

For businesses that are already in the process of deploying AI technologies, a 39 percent increase in revenue is expected by 2020.

It was widely discovered that AI can play a major part in business growth and the route to success; with many decision makers remaining hopeful that AI will increase the ability to bring out the best in their employees.

However, the research found that 88 percent of customers and suppliers face challenges and concerns relating to AI adoption.

Content from our partners
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer

According to the Infosys report, organisations which have fewer AI-related skills within their business are more likely to re-deploy workers impacted by AI adoption. However, those with more AI-related skills are more likely to re-train their employees.

Leading industries which plan to re-train employees include: fast-moving consumer goods, aerospace and automotive, energy, oil and gas and pharmaceutical and life sciences.

For instance, IBM’s Watson chatbot has been significantly deployed across banks, while hospitals have been leveraging its AI capabilities to diagnose rare diseases.

Sandeep Dadlani, President & Head of Americas, Infosys said: “Artificial Intelligence adoption is on the rise and we are excited to see the investments in AI that businesses are gradually making to derive meaningful and creative change.

“As we are seeing AI mature and gain momentum, our research shows that the next four years will witness further spikes in interest and general bullishness about the significant value and benefits that can be obtained through AI adoption.”

The research report, titled Amplified Human Potential: Towards Purposeful Artificial Intelligence, polled a total of 1,600 senior business decision makers across the world.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU