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Big Data and AI Executive Survey 2019

Big Data and AI Executive Survey 2019

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SUMMARY

According to the report, transforming company cultures, values and norms are the greatest challenges to Big Data and AI adoption. At 77%, most companies claim that Big Data and AI adoption is a major challenge. Executive leaders claim 95% of adoption issues stem from corporate culture.

How are Big Data and AI mobilizing new business models? Leading companies are struggling with data-driven business transformation. Nearly 65 leading firms are included in this executive survey. Financial services, including AIG, Mastercard, and Capital One, are the majority respondent sector at 73.8%. Healthcare firms, such as Johnson and Johnson, comprise 16.6% of respondents. With 9.6%, other leaders [from urban infrastructure, car manufacturing, and utilities], like Bloomberg, Ford Motors, and General Electric, are respondents.

Competition is driving investment in Big Data and AI. However, companies are struggling with transforming from tradition business models to data-driven models. Although 91.7% of leading companies say Big Data and AI investment is required to compete in the modern business ecosystem. But companies that are investing in Big Data and AI are not observing results.

Consequently, a majority of companies are not digitized and will not due to cultural barriers. This reflects the data. In 2017, 37.1% of respondents were data-driven. In 2018, 32.4% were data-driven. The numbers continue to decline at 31.0% in 2019.

Business integration of Big Data and AI needs a long-term plan. Adopting Big Data and AI needs a long-term approach. Cultural challenges are the obvious starting point.

OUTLINE

Foreword

Introduction

Executive summary

2019 survey summary

Results

DETAILS

Overview

Researchfinder Rating
3 out of 5 stars
Title
Big Data and AI Executive Survey 2019
Region
Global
Published
Jan. 30, 2019
Publisher
New Vantage Partners
Price
FREE
Language
ENGLISH

Content

Number of Pages
16
Number of Tables
2
Number of Exhibits
19
Topics
ai
Tags
adoption survey, AI, AI applications, AI development, AI survey, artificial intelligence, big data, New Vantage Partners, survey
Companies mentioned
AIG, Allstate, American Express, Scotia Bank, Met Life, Morgan Stanley, Johnson & Johnson, Bloomberg, Citi, Mastercard, Deutsche Bank, Capital One, Bank of America, Wells Fargo, Bloomberg
Methodology
This report surveys nearly 65 Fortune 1000 industry leading businesses.
EVALUATION

This survey contains findings that will determine the course of Big Data and AI adoption across industries.

However, this report only includes fortune 1000 leaders. This survey can increase the scope by including more business sizes. This study includes financial, healthcare and a range of utilities and car manufacturing firms. Further, the text is difficult to read because of the grey font color.

Positives

  • Key findings about attitudes toward Big Data and AI adoption
  • Includes industry leaders
  • Broad scope of questions

Negatives

  • Limited firm respondents
  • Poor font color choice

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