In recent years, some of the world’s fastest growing companies have deployed artificial intelligence to solve specific business problems. In fact, according to new market research from Microsoft on how AI will change leadership, these high-growth companies are more than twice as likely to be actively implementing AI as lower-growth companies.
What’s more, high-growth companies are further along in their AI deployments, with about half planning to use more AI in the coming year to improve decision making compared to about a third of lower growth companies. Still, less than two in 10 of even high-growth companies are integrating AI across their operations, the research found.
“There is a gap between what people want to do and the reality of what is going on in their organizations today, and the reality of whether their organization is ready,” said Mitra Azizirad, corporate vice president for AI marketing at Microsoft in Redmond, Washington.
“Developing a strategy for AI extends beyond the business issues,” she explained. “It goes all the way to the leadership, behaviors and capabilities required to instill an AI-ready culture in your organization.”