Five Common Obstacles in AI Adoption

Artificial intelligence (AI) is making inroads into growing number of industries at every size and scale. Enterprise are reaping the benefits of AI implementation, whether moderately or significantly, in various business functions. International Data Corporation (IDC) predicts that the global spending on AI is going to double from $50.1 billion in 2020 to $110 billion in 2024. In a 2020 survey conducted by an analyst firm Cognilytica, 40% of respondents intended to implement AI in one or more identified patterns, and almost 90% indicated to have some sort of in-progress AI implementation within the next two years. Although businesses are increasingly realizing…...