News & Updates

AI adoption has surged to 90%, but businesses still grapple
with major technology and talent shortages.

17.08.2024
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AI adoption has surged to 90%, but businesses still grapple with major technology and talent shortages.

It’s no longer a vision of future; rather, it is a reality in the contemporary business world or more specifically the digital environment. Going by the research done by Cloudera which is the world’s leading hybrid data, analytics, and AI platform, and it reveals that close to 90% of firms have adopted AI. This statistic is from the survey that the company undertook recently, that is The State of Enterprise AI and Modern Data Architecture, where the company received the responses of 600 IT leaders of the organizations from the U. S. , EMEA, and APAC regions. Nonetheless, as the survey shows, the majority of enterprises experiencing the application of AI suggesting that there are still many problems which need to be solved, especially the issues related to infrastructure and talent.

The True Picture on AI Adoption

AI is becoming the powerhouse for businesses around the world thus implying it can change the industries it operates in massively. Yet, as AI becomes more entrenched in business processes, the survey highlights a critical concern: problematic data architecture In essence, the authors highlight the importance of eliminating the accumulation of outdated data infrastructure. Companies are keen to harness AI and many are limited by their existing infrastructure which just cannot support the requirements of today’s AI applications. However, the lack of qualified human resource to implement and control these state of the art technologies presents a major challenge.

The survey identified several key challenges that businesses face on their AI journey:The survey identified several key challenges that businesses face on their AI journey:

Security and Compliance Risks: It is alarming that 74% of participate claimed that security and compliance issue are their concerns in the use of AI.

Talent Shortages: 38% of the respondents pointed at the lack of qualified staff and insufficient training as a major challenge in the optimal use of AI.

High Costs: On the perceived challenges of implementing AI technology, 26% of the respondents responded that the high costs of acquiring the technology was a major challenge.

Regional Focus: Middle East’s artificial intelligence acceleration

While companies across the world are struggling with these issues, Middle East emerges as a geography where AI is moving quickly from the early adopter pilot projects to practical adoption. The survey shows that 61 per cent of executives in the region anticipate AI to bring more than 10 per cent productivity improvement in 2024. Such optimism is rooted in the increasing devotion of the Middle East’s technology-based economy and its greater goal to boost employment and quality of life through AI.

Data: The success foundation of the artificial intelligence

Something that appears in the survey quite often is the issue of data trustworthiness as a possible explanation for AI success. This is rather paradoxical given that 94% of respondents confidently dealt with their data but numerous respondents reported that they still regularly experience difficulties in obtaining company-wide data. Some of the challenges faced are having inconsistent data sets where you have one data set that goes against another (49 %), poor data ownership where some individuals have control over the company’s data (36 %), and large volumes of data that can overwhelm an organisation (35%). Such difficulties highlight the need for or a new generation of data architecture that is integrated with business processes and can provide secure, easy, and accurate access to data within a company.

AI Use Cases: Where the Businesses Claim the Repairs Are Beneficial

Still, businesses are advancing in applying AI to contribute to business results. The survey identifies several key AI use cases that are delivering value:The survey identifies several key AI use cases that are delivering value:

  • Improving Customer Experience (60%)
  • Enhancing Operational Efficiency (57%)
  • Accelerating Analytics (51%)

AI has changed the ways in which businesses are run: IT processes are being automated, and chatbots are created; analytics is being used by companies for obtaining better decisions. Particular uses include applying the elevated levels of security and anti-fraud measures, customer help and support, and predictive customer services.

Conclusion

The picture of the scenario presented by Cloudera’s survey is optimistic but not without risks. The onboard advancement of AI presents organizations with new challenges in technology and skills development that can arrest their growth. The progress mapped with AI adoption in the Middle East is just a glimpse of how AI could blow up when entire territories embrace the technology’s capabilities entirely. If one has to look ahead, it is evident that the ability of AI endeavors will depend on the establishment of current age data infrastructures to arrest secure, reliable, and easily retrievable data.

For businesses navigating this journey, the message is clear: This has got to do not with just a new generation shifting into place, but with a new kind of thinking: AI is not a luxury but a necessity and it must be planned for at the strategic level it deserves.