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As it stands, most organizations do appear to have big plans for AI.
And in the UK, 92% have AI implementations planned, in process or already completed.
But the level of innovation seems to be a sticking point for businesses when incorporating AI into theirbusiness plans.
However in practice this is simply not the case.
Just 4% of businesses are currently leveraging AI as a differentiating element that is transforming their business.
Meaning, there is a big gap between intention and implementation when it comes to innovating with AI.
So, why are businesses facing challenges?
Head of Innovation, Tata Consultancy Services (TCS).
Any innovation involves trying new things, but with AI, there are multiple types of risks.
The proliferation of platforms and tools can also create a risk of suboptimal choice making.
Nevertheless, issues can be mitigated.
This is large-scale change for leaders to manage, if they want to actually be innovation-first and AI-enabled.
It can also be costly.
An additional worry for businesses is the changing capabilities of the tools themselves.
AI might be a widespread phenomenon, and small-scale implementations are certainly happening amongst UK businesses.
The Biggest Challenge:
There is a big divide between transformation and the tactical use of AI.
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