When deployed with the right strategy, artificial intelligence (AI) and machine learning (ML) can increase agility, streamline processes, boost revenue by creating new products and improving existing ones, and enable better, faster decision-making.
There’s no doubt that AI and ML can help companies achieve more—by 2025, global spending on AI will reach $204 billion.1 It’s also clear that adopters continue to have confidence in AI’s ability to drive value and competitive advantage.
While ML has been around for decades, its accessibility as a tool to transform businesses is relatively new. Additionally, the lack of a singular proven path to ML success is keeping some businesses waiting on the sidelines, unsure of how to take the next (or even the first) step on the journey.