Artificial intelligence (AI) is the most disruptive innovation of our lifetime. As per IDC’s AI StrategiesView 2022 study — a global survey of 2,053 organizations, with IT and line-of-business decision makers and influencers as respondents — AI adoption and spend is on the rise with large enterprises spending an average of $200 million annually. Early adopters report about 35% improvement in innovation and about 32% improvement in employee and customer experiences with the rollout of AI solutions.

Enterprises across industries are embracing AI/machine learning (ML) for a breadth of use cases. For example, AI/ML in financial services is helping to improve loan underwriting and reduce risk. AI can also lessen financial crime through advanced fraud detection and spotting anomalous activity. Deep learning (DL) algorithms are being used to shave down the time it takes to diagnose serious illnesses. Machinery maintenance and quality are the leading AI transformation projects in manufacturing operations today. AI is making predictive maintenance a reality for industrial IoT