Outlook on Artificial Intelligence in the Enterprise 2016

Outlook on Artificial Intelligence in the Enterprise 2016

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  EVIDENCE BASEDDEEP LEARNING ArtificialIntelligence (AI) isn’t new. It has been around for decades, but AI technologies are only making headway now due to the proliferation of data and the investments being made in storage, tracking and analytics technologies. Based on a survey of 235 business executives, we discovered: Between 2014 and 2015 alone, the number of organizations either deploying or implementing data-driven projects increased by 125%1 62% of organizations will be using AI technologies by 2018 of respondents currently use predictive analytics of enterprises’ net new investment in business intelligence and analytics2 59% of our survey respondents cited a lack of data science talent to help them analyze their data and communicate insights as one of the most common challenges they face in trying to generate value from their data. In fact, 95% of respondents who indicated that they are skilled at using big data to solve business problems or generate insights also use AI technologies. Global demand for data scientists will exceed supply by more than 50% by 2018. Without individuals trained at analyzing complex data, companies can easily miss out on a valuable asset.5 of organizations currently use AI technologies in the workplace AI adoption is imminent. Outlook on Artificial Intelligence in the Enterprise Companies are benefiting from AI-powered solutions, without realizing it. There is confusion in the marketplace. Paradoxically, 88%of those claiming to not be users of AI went on to cite using specific solutions that rely on AI techniques ??? NLP/TEXT MINING The AI Ecosystem NATURAL LANGUAGE GENERATION PREDICTIVE ANALYTICS RECOMMENDATION ENGINES MACHINE LEARNING SYSTEMS PRESCRIPTIVE ANALYTICS Predictive analytics is dominating the enterprise. The shortage of data science talent continues to affect organizations. Gartner anticipates that by 2020, predictive analytics will attract One of the reasons for the popularity of predictive analytics may be the tremendous potential that it can offer across an array of industries. Last but not least... Healthcare It’s being used to anticipate and prevent costly and unnecessary hospital readmissions3 Manufacturing It’s allowing for more efficient supply chain management by adjusting for potential delays4 ? What all of this suggests is that as companies have ever more data to work with, they’re going to require the machine scalability that AI-based solutions make possible to truly realize its value. Companies that gather the most value from their technology tend to make innovation a priority. For the full Outlook on Artificial Intelligence in the Enterprise report, please visit: https://narrativescience.com/OutlookAI 61% of the respondents who had an innovation strategy are using AI to identify opportunities in data that would be otherwise missed. Of the business leaders surveyed for this report, 54% indicated that their organization has an innovation strategy. While 62% of business leaders noted that their companies have a dedicated innovation budget. “2015 Big Data and Analytics, Insights into Initiatives and Strategies Driving Data Investments,” IDG, March 9, 2015. Lisa Kart, Gareth Herschel, Alexander Linden, Jim Hare, “Magic Quadrant for Advanced Analytics Platforms,” Gartner, February 9, 2016. “Using Data Science to Tackle Home Healthcare Readmissions Head On,” SlideShare, May 19, 2016. Tyson Baber, “How FusionOps is Delivering the Future Supply Chain: On-Time In-Full, ”georgianpartners.com, April 19, 2016. James Manyika, Michael Chui, Brad Brown, Jacques Bughin, Richard Dobbs, Charles Roxburgh, and Angela Hung Byers, “Big data: The next frontier for innovation, competition, and productivity,” McKinsey & Company, May 2011. Additional Sources 1 2 3 4 5 Possible Answers Documents Unstructured Data Structure Trends & Correlations Input Layer Hidden Layers Output Layer Recommendation Data Facts Assessments Language Assessment Advice Available Features Document Extraction Rules DATA “January 10, 2015” “Tax Reform” “US Congress” “Barack Obama” “IRS” “John Boehner” Prediction Available Features 58% 40% 62%54%61% 38% of organizations could not confirm the use of AI technologies 62%