What’s holding back the adoption of AI?

O’Reilly’s 2019 artificial intelligence survey suggests that artificial intelligence and machine learning skill shortage is holding back companies on the road towards digital transformation.

In concrete numbers, 23% of respondents believe that a lack of skilled individuals is slowing the adoption of AI. In the 2018 version of the same survey, 20% of respondents shared the opinion, which is a 3% yearly increase.

Apart from this, the survey revealed other important nuggets of wisdom, including the following:

  • More than half of respondents (60%, in fact) reported their companies are making plans to spend at least 5% of the IT budget they have available on artificial intelligence, so there’s a future in this innovative technology.
  • 19% of respondents shared the fact that they work for companies that are planning to spend at least 20% of their overall budget on AI, thus reinforcing the point made above.
  • 81% of respondents claim that the companies employing them are already using AI technology.
  • According to 23% of respondents, company culture is to blame for holding back the adoption of AI technology.
  • In terms of where the respondents are using the said technology, a third of respondents claim it’s for IT or customer service, while half of respondents say they are using it for development and research.
  • As for deep learning, 86% of respondents are using it for unstructured data and 69% of them for plain text. 53% of them report that the technology is used for computer vision.

You can get the full report by visiting O’Reilly’s official website.