Most businesses consider artificial intelligence essential to being competitive

A new report by Tata Consultancy Services has shown just how profound of an effect artificial intelligence already has, and will have, on businesses everywhere. The "Getting Smarter by the Day: How AI is Elevating the Performance of Global Companies" study says 84 percent of companies worldwide see AI as "essential" to being competitive. Another half (50 percent) see the technology as "transformative." Two thirds (67 percent) of IT departments are adopting AI, mostly to detect security intrusions and deliver automation. This has made them the biggest adopters of AI today. North American companies were the leading investors in AI… [Continue Reading]