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AI projects yield little business value so far

March 4, 2021

Although growing numbers of organisations are working with artificial intelligence (AI) software in some shape or form, very few are generating significant financial benefits when rolling it out in a serious way, according to new research.

A study conducted by the MIT Sloan Management Review and management consulting firm the Boston Consulting Group revealed that as many as 57% of the 3,000 managers, executives and academics questioned were currently either piloting or deploying the technology. A further 59% had devised an AI strategy and 70% believed they understood how the software could generate business value.

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