95 per cent business leaders consider AI critical but only 17 per cent leverage it: Wipro

Nearly 95 per cent of business leaders surveyed by Wipro see artificial intelligence (AI) as critical to being intelligent enterprises and yet only 17 per cent can leverage it across the entire organisation.

Nearly 95 per cent of business leaders surveyed by Wipro see artificial intelligence (AI) as critical to being intelligent enterprises and yet only 17 per cent can leverage it across the entire orgsation.

At the same time, while 80 per cent of orgsations recognise the importance of being intelligent, only 17 per cent will classify their orgsations as an intelligent enterprise, according to the 'State of Intelligent Enterprises' report released on Wednesday.

Wipro surveyed 300 respondents in the United Kingdom and the United States across key industry sectors like financial services, healthcare, technology, manufacturing, retail and consumer goods.

The study emphasises that enterprises of the future will be built on a foundation of AI, analytics, machine learning, deep learning and automation that are central to solving business problems and driving innovation. Most businesses consider AI to be critical to improve operational efficiency, reduce employee time on manual tasks, and enhance the employee and customer experience.

The report highlights that while collecting data is critical, the ability to combine this with a host of technologies to leverage insights creates an intelligent enterprise.

Orgsations that fast-track adoption of intelligent processes and technologies stand to gain an immediate competitive advantage over their counterparts.

Jayant Prabhu, Vice President and Head of Data, Analytics and AI at Wipro, said orgsations now need new capabilities to navigate the current challenges. The report amplifies the opportunity to gain a first-mover advantage to being intelligent.

"The ability to take productive decisions depends on an orgsation's ability to generate accurate, fast and actionable intelligence. Successful orgsations are those that quickly adapt to the new technology landscape to transform into an intelligent enterprise," he said.

( With inputs from ANI )