Security News > 2023 > October > Enterprises see AI as a worthwhile investment

92% of AI team leaders at leading-edge organizations felt that their AI initiatives are generating value, according to Wallaroo.

"Leading edge ML enterprises have a number of lessons to teach other organizations embarking on their own ML production journeys," said Vid Jain, CEO of Wallaroo.

Common use cases for AI among these leading-edge organizations include personalizing the customer experience, fraud detection, optimizing sales and marketing and improving real-time decision making.

Scale: Leading edge organizations in the survey believe that scaling is essential for generating ROI from ML. In fact, 36% of respondents expect a 10x expansion in their use of ML models over the next 3 years; nearly all respondents to the survey plan to scale their use of ML more than fivefold over the next 3 years.

If large, well-resourced organizations are having trouble finding and retaining talent, that has obvious implications for smaller organizations that want to adopt ML. The complexity and cost of implementing ML projects, particularly for organizations that have not optimized their platforms, is a burden that not every organization can tolerate, given the high numbers of respondents who cited cost and complexity as challenges to success.

Regardless of whether next-wave enterprises decide to build their own operations platform for ML production, it's critical that organizations of all sizes are able to deploy, scale, monitor, and optimize all stages of the ML production process efficiently.

News URL

https://www.helpnetsecurity.com/2023/10/06/ai-initiatives-value/