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Home Technology

Companies are not rushing into AI, report finds 

FutureCIO Editors by FutureCIO Editors
August 15, 2024
Photo by Jane Trang Doan: https://www.pexels.com/photo/people-in-couch-1024248/

Photo by Jane Trang Doan: https://www.pexels.com/photo/people-in-couch-1024248/

Companies are not rushing into AI, as a new report from Boomi finds that 98% of organisations say they are willing to forgo being the first to use AI for safety and security.

Major challenges

45% of respondents cited governance, security, and privacy as significant challenges to AI deployment.

Around 50% of respondents cite data quality as deployment's most limiting data issue. Companies with over $10 billion in revenues are the most likely to cite data quality and infrastructure as limiters.

Scaling beyond pilots

Boomi's new report, "A Playbook for Crafting AI Strategy," produced in collaboration with MIT Technology Review Insights, also found that 95% of companies surveyed already use AI, and 99% expect to use it in the future.

However, few organisations have graduated beyond pilot projects, with 76% deploying AI in just one to three use cases. Around half of companies expect to fully deploy AI across all business functions in the next two years.

Matt McLarty

"Over the last year, organisations have come to understand the power and potential of AI," said Matt McLarty, CTO at Boomi. "This year, those organisations are seeking to shift from small pilots to enterprise-wide deployment of AI at scale."

Related:  It’s time to rebalance your data protection equation
Tags: Artificial IntelligenceBoomicybersecurity
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