New report, 'Integrating AI: Navigating the next wave of
business transformation' finds that businesses are keen to scale AI
deployments soon, with 91% confident benefits outweigh the
risks
LONDON, June 18, 2024 /PRNewswire/ -- Expleo today
announces new research which finds that 98% of business leaders
believe AI will have transformed their industry within the next
three years. In response, 24% have already deployed AI tools as a
further 72% expect to deploy AI tools in the next 12 months.
The report, 'Integrating AI: Navigating the next wave of
business transformation', comprises insights from 803 key
decision-makers at large- and mid-size businesses in France, Germany, the UK, and Ireland to provide a strategic overview of AI
adoption and the challenges organisations face when deploying AI.
Through a qualitative survey conducted by leading research firm
IPSOS, respondents also provide detailed insight into how the
technology is reshaping eight transformative industries: aerospace
& defence, automotive, BFSI, energy & utilities, life
sciences, manufacturing, retail, and transport.
Adoption of AI gains momentum
Expleo's research points to a clear momentum shift for AI,
moving beyond a period of promise to one where adoption is growing
as businesses start to demand more their deployments. This is
characterised by four key trends:
- Deploying AI an urgent priority: Whilst only 24%
of businesses have already deployed AI tools, 72% expect to do so
in the coming 12 months. The survey suggests that many business
leaders fear being left behind, with 80% considering their industry
to have been changed or changing thanks to AI yet just 56% believe
AI is doing the same to their organisation and its processes.
- AI will have a real financial impact: The
increased urgency to deploy AI at scale is closely linked to a
desire to see returns, particularly in areas that directly
correlate to the bottom line. Better time-to-market (91%),
financial gains (90%), and improved quality (90%) were cited as the
top three measurements of ROI for AI deployments.
- Scaling AI remains a challenge: Despite a clear
impetus to begin realising ROI from AI deployments obstacles
remain. Chief amongst these are technical integrations with
existing tools (39%) and controlling costs (35%). In fact, just 17%
of those surveyed did not see any major barriers to deploying
AI.
- Proven expertise is in demand: The complex
integration landscape has put AI skills in high demand. 60% of
businesses are turning to outside expertise to support their
deployments today. Equally, more than half (55%) of businesses are
investing in equipping their workforce with the competencies needed
by investing in AI training for employees.
Six steps to successfully integrating AI at scale
In addition to insights from European decision-makers, Expleo's
report offers businesses guidance based on the company's real-world
experience as to how they can avoid common pitfalls when adopting
AI tools and successfully integrate them at scale:
- Identify a real and viable business model
- Evaluate technical and financial feasibility
- Choose the right technology architecture
- Develop robust and automated data pipelines
- Train and validate models on representative data
- Monitor and maintain data and models
Rajesh Krishnamurthy, CEO of
Expleo, commented: "AI is a technology for
today, not tomorrow. But the optimism that abounds around the
technology often isn't matched by the success of deployments. After
years of promise, businesses are at the point where they are
demanding to see a return on their investments. The challenge now
is to convert promise into meaningful impact."
"Successfully moving AI deployments from proof of concept to
production at scale is more than a technical exercise. Capable data
scientists are a critical component to the success of AI
deployments, but so is business knowledge. Building teams with
techno-functional expertise and implementing a process to ensure
adoption across the user base will ensure AI applications are both
technically sound and generate value too."
The full report from Expleo, 'Integrating AI: navigating the
next wave of business transformation' is available to download
from: https://www.expleo.com/AI2024
About Expleo
Expleo is a global engineering, technology and consulting
service provider that partners with leading organisations to guide
them through their business transformation, helping them achieve
operational excellence and future-proof their businesses, while
making an impact for a greener, smarter and more secure
tomorrow.
Expleo boasts an extensive global footprint, powered by 19,000
highly skilled experts delivering value in 30 countries and
generating €1.4 billion annual revenue.
For more information, visit expleo.com.
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