By: Tracy Kemp
Artificial intelligence (AI) is not a new concept — it’s been around for many decades in various forms. Even still, some organizations remain hesitant to adopt AI.
Yet, results from McKinsey’s global state of AI report indicate that about 50% of organizations have adopted AI in at least one function in 2020. Those that have adopted AI into their organizations “are capturing value from AI at the enterprise level, and many are generating revenue and cost reductions at least at the function level.” However, this number has remained steady, as “the latest findings show no further increase in AI adoption.”
If the value of adopting AI is so apparent, why aren’t more organizations adopting these practices? In addition to considering how to address risks, such as cybersecurity and AI explainability, organizations are often met with the overwhelming burden of where to begin. Here are my top three considerations for anyone wanting to get started with AI.
