AI technology essential to business, transformative to companies, says report

67% of IT departments are using #AI to detect #security breaches:

  • According to IT Pro Portal, a new study, “Getting Smarter by the Day: How AI is Elevating the Performance of Global Companies” from a global consulting group says that’s because AI technology is becoming entrenched into businesses worldwide.
  • In the study, Tata Consultancy Services said close to 85 percent of companies around the world view AI as an essential part of being competitive in the marketplace.
  • In addition, 50 percent of companies surveyed view AI technology as having a transformative effect on business.
  • “As companies begin to gain a better understanding of AI’s application for business, they will realize the significant impact of this transformative force,” said TCS CTO K. Ananth Krishnan.
  • “This is reflected in our Global Trend Study, which shows that forward-thinking companies are beginning to make major AI investments.”

Tata Consultancy Services says in a report that 85 percent of companies view AI technology as essential to their operations.
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