According to a report by Accenture, 63 per cent of companies using artificial intelligence are still experimenting with the technology, while only 12 per cent of those surveyed are using AI at maturity level.
Regarding the maturity of AI, the report identifies four groups: “AI Achievers,” “AI Builders,” “AI Innovators” and “AI Experimenters.” Achievers, Builders and Innovators together represent only 37 per cent of the surveyed organizations, while “AI Experimenters” almost doubled the number for the three groups.
“AI Achievers” are companies that are leaders in AI and build their data and AI core instead of buying it. Thirty per cent of their revenue is linked to AI, and they turn AI pilots into production projects to solve business problems in the real world.
“AI Builders” show strong foundational capabilities and average differentiation capabilities. “AI Innovators” show strong differentiation skills and average foundational capabilities. “AI Experimenters” are those with average skills in both categories, accounting for 63 per cent of respondents.
While most companies are still experimenting with AI, they are now consciously striving to master the art of using it. Nearly 75 per cent of companies have now integrated AI into their business strategies and revised their cloud plans to achieve AI success.
The report found that, on average, artificial intelligence transformation will be 16 months faster than digital transformation, taking into account early successes.
Among the sectors where artificial intelligence is best used are technology, automotive, aerospace, and defence. Industries that perform below average in the use of artificial intelligence include banks and capital markets, healthcare, public services, and energy.
To help organizations manage AI, Accenture identifies five key points that include AI priorities, investments, AI tools, responsible use of AI, and long-term and short-term AI strategies.