Reuters: Only 13% of companies surveyed have implemented AI plans

Only 13% of companies have made progress with their artificial intelligence (AI) initiatives. This follows from the report of BearingPoint, which is referred to by Reuters.

Nearly three-quarters of companies surveyed report positive financial results from using AI. However, less than a third of them were able to go beyond the pilot projects.

About 40% of respondents cited regulatory regulation as the main obstacle to greater adoption of AI, while 34% cited the difficulty of integrating the new technology into existing IT systems. About 24 percent of companies reported at least 10 percent reductions in AI spending, but only 4 percent reported similar revenue growth.

Eugene Hvostik