measuring the impact of ai - tcs global trend study
TRANSCRIPT
Four factors are most important in determining whether companies bene�t from AI
AI’s impact goes far beyond the IT function AI’s impact goes far beyond the IT function AI’s impact goes far beyond the IT function
companies say AI is necessaryto remaining competitive
$73 mnEUROPE
$55 mnASIA PACIFIC
$80 mnNORTH AMERICA
$51 mnLATIN AMERICA
Key Findings
Companies with the greatest revenue and cost improvements in 2015 from their AI initiatives outspent those with the smallest improvements by a factor of �ve
MEASURING THE IMPACT OF AI TCS Global Trend Study
Make far bigger AI investments to remain competitive
Corporate Center
LeadersFollowers
Distribution and Logistics
Human Resources
Finance and Accounting
31%12%
20%6%
20%
35%22%
12%
Please visit http://www.tcs.com/arti�cialintelligence @TCS #EnterpriseAI
62%
Use AI across organizational functions
use the technology in customer service32% use AI to support
the sales function29% use AI in marketing29%
use AI in �nance and accounting27% use AI in
R&D23%
average gain in new AI jobs in North America
8%
of those using AI in �nance and
accounting use it for customer credit checks
60%of those using AI at corporate level use
it to address potential customer payment problems
83%of those using AI in IT use it to ward o�
hackers
69% of those using AI in R&D use it to create
smarter products
67% using AI in
marketing use it to improve media
buying
83%
leaders feel it’s important to address layo� fears 72%
Make systemssecure againsthacking
Develop systemsthat continuallylearn
Develop systemsthat make safe andreliable decisions
Get employees and managers to trust AI advice
average gain in new AI jobs in Europe
10%
Automate mundane or manual tasks
Help employees work better
Create new jobs, some performed by AI and others by people with new skills
By2020
Key Key
84% companies think AI is essential,and nearly half see it as transformative84% companies think AI is essential,and nearly half see it as transformative84% companies think AI is essential,and nearly half see it as transformative
Average AI investments per company are highest in North America and EuropeAverage AI investments per company are highest in North America and EuropeAverage AI investments per company Average AI investments per company are highest in North America and EuropeAverage AI investments per company are highest in North America and Europe
Only a few are making bold investments today,which may trigger a competitive imbalance tomorrow which may trigger a competitive imbalance tomorrow Only a few are making bold investments today,which may trigger a competitive imbalance tomorrow
RevenueCost
AI is helping employees do better work,and companies do work they couldn’t do before
AI is predicted to both automate and create new jobs
Ensure IT does not su�er from the cobbler’s children syndromeAddress fears of job losses
Implement AI in areas that directly a�ect the topline
Five key characteristics de�necompanies with the biggest AI gains
believe IT will bene�t most from AI by 202040%
$157 mnLeaders
$18 mnFollowers
Average
2015spend per company
Based on a survey of 835 executives in companies with average revenueof $20 billion from 13 global industries, across four regions of the world