Five Common Obstacles in AI Adoption

3 min read

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…...

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Raviteja Sidda Raviteja is Digital Marketing Manger at VOZIQ AI. VOZIQ AI is the only cloud-based predictive retention solution that leverages sophisticated AI that is powered by 25+ targeted machine learning models to enable recurring revenue businesses to predict customers who are at-risk of cancellation and prevent the cancellation by driving large-scale actions through contact center customer care, marketing and field channels. VOZIQ AI’s solution significantly cuts time-to-value in industries such as home security and automation, pest control, home warranty, energy providers, telecom, and insurance.