Study: Large-scale AI deployment is struggling despite measurable benefits
Only 13 percent of companies are on track with their AI initiatives. The biggest hurdles are regulation and integration into existing IT systems.
A new study reveals that while artificial intelligence (AI) brings measurable benefits to many companies, widespread implementation often encounters challenges. BearingPoint, a consulting firm, published the study on Thursday. Only 13% of firms followed their AI initiatives, despite nearly three-quarters reporting positive outcomes.
Over a third of companies are still in the experimental and pilot phases. Frederic Gigant, a BearingPoint expert, explained that "AI has crossed an important threshold," but proving and increasing economic benefits are two different things.
The primary obstacles to large-scale AI adoption, according to the 1000 respondents from the US, China, and Europe, were complex legal requirements (40%) and integration with existing, often decades-old IT systems (34%). The performance of AI models was deemed less critical by 54% of managers, who considered access to high-quality and reliable data the key to success.
However, some companies may be hindering their own progress: less than a third formally assessed the feasibility of scaling up their AI projects before starting.
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