In 2020 more than 50% of companies adopted artificial intelligence (AI) in at least one business unit or function. As we witness the emergence of new AI trends and tools, more value is generated in revenue and customer loyalty. Tech Target brought this interesting information to our attention in their article, “How enterprises can establish an AI-first data strategy.”
AI leading companies invest at least 20% of their earnings before interest and taxes back into AI. In 2022 and beyond, AI will be leveraged to simplify operations and make them more efficient. Businesses should try to benefit from the commercial application of AI through improving IT infrastructure and data management.
The biggest challenge is that most organizations have little knowledge of how AI systems make the decisions they do, and how the results are applied. Explainable AI allows users to comprehend and trust the results and output created by machine learning algorithms.
Melody K. Smith
Sponsored by Access Innovations, the intelligence and the technology behind world-class explainable AI solutions.