Companies experiment with AI but real adoption is slow

Companies experiment with AI but real adoption is slow

Organisation experiment with artificial intelligence but it takes time until it becomes a part of their standard operations. It will take until 2025 for half of organizations worldwide to reach the “stabilization stage” of AI maturity or beyond, according to a forecast from marketing and research company Gartner.

Worldwide artificial intelligence (AI) software revenue will total USD 62.5 billion in 2022, up 21.3% from 2021. Top five categories will be knowledge management, virtual assistants, autonomous vehicles, digital workplace and crowdsourced data.

“The AI software market is picking up speed, but its long-term trajectory will depend on enterprises advancing their AI maturity,” said Alys Woodward, senior research director at the company.

“Successful AI business outcomes will depend on the careful selection of use cases. Use cases that deliver significant business value, yet can be scaled to reduce risk, are critical to demonstrate the impact of AI investment to business stakeholders.”

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Gartner says enterprises continue to demonstrate a strong interest in AI, with 48% of CIOs saying that they have already deployed or plan to deploy AI and machine learning technologies within the next 12 months.

“Yet, the reality of AI deployment is much more limited”, the company said predicting it will take until 2025 for half of organizations worldwide to reach what Gartner’s AI maturity model describes as the “stabilization stage” of AI maturity or beyond.

“Advances in AI maturity will increase AI software revenue due to increased spending, particularly across the data and analytics-related technology category. A lag in maturity — caused by reluctance to embrace AI, lack of trust in AI and difficulties delivering business value from AI — will have a corresponding deceleration effect on spending and revenue.”

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