Organizations are increasingly adopting AI-enabled technologies to address existing and emerging problems within the enterprise ecosystem, meet changing market demands and deliver business outcomes at scale.
Shubhangi Vashisth, senior principal research analyst at Gartner, said that AI innovation is happening at a rapid pace. Vashisth further noted that innovations including edge AI, computer vision, decision intelligence and machine learning will have a transformational impact on the market in coming years.
However, while AI-powered technologies are helping to build more agile and effective enterprise systems, they usher in new challenges. For example, Gartner notes that AI-based approaches if left unchecked can perpetuate bias, leading to issues, loss of productivity and revenue. AI is fueled by data and if there are errors along the data pipeline, AI models will produce biased results. Only 53% of AI projects make it from prototype to production, according to Gartner research.