The enterprise CXOs are getting serious about machine learning (ML) and artificial intelligence (AI). Machine learning is finding its place in the big data and business intelligence initiatives within enterprises.
According to Forrester, over 50% of enterprise technology decision-makers have already implemented or are in the process of implementing ML and AI.
Despite the investments and commitment from the leadership team, organizations are yet to realize the full potential of AI. In the 2020 State of Enterprise Machine Learning report from Algorithima, 55 percent of the surveyed companies are yet to deploy a model, and 22 percent of companies have had models in production for 1-2 years. About 8 percent of organizations are running sophisticated models in production.
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Janakiram MSV is an analyst, advisor, and architect. Follow him on Twitter, Facebook and LinkedIn.