By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Global Data from IBM Points to AI Growth
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Opinion > Shayne Heffernan > Global Data from IBM Points to AI Growth
Headline News

Global Data from IBM Points to AI Growth

Shayne Heffernan Ph.D.
Last updated: May 12, 2021 5:44 am
Shayne Heffernan Ph.D.
Share
8 Min Read
maxresdefault 3
SHARE

New market research commissioned by IBM (NYSE: IBM) found that almost one-third of IT professionals surveyed globally say their business is now using artificial intelligence (AI), with 43 percent reporting that their company has accelerated their rollout of AI as a result of the COVID-19 pandemic. While recent advances in the technology are making AI more accessible than ever, the annual survey also found that a lack of AI skills and increasing data complexity are cited as top challenges.

02image 1620254074101 HR
03image 1620254073973 HR
04image 1620254074217 HR
05image 1620254073973 HR

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8668657-ibm-global-data-ai-growth/

The “Global AI Adoption Index 2021,” conducted by Morning Consult on behalf of IBM, revealed that while AI adoption was nearly flat over the last year, momentum is shifting as the need for AI has been accelerated by changing business needs due to the global pandemic. AI is already changing the way businesses operate today, from how they communicate with their customers via virtual assistants, to automating key workflows, and even managing network security. The “2021 CEO Study” from IBM’s Institute for Business Value recently revealed that more than half of CEOs surveyed expect AI to deliver tangible business benefits in the next few years.

Highlights from the “Global AI Adoption Index 2021” include:

  • Business adoption of AI was basically flat, but significant investments in AI are planned: Almost one-third of companies reported using AI in their business, similar to 2020 findings. For those deploying or exploring AI, they report it is being driven by multiple pressures and opportunities businesses are facing, from the COVID-19 pandemic to advances in the technology that make it more accessible. A third of global IT professionals report their company plans to invest in both skills and AI solutions over the next 12 months.
  • COVID-19 accelerated how businesses are using automation today: 80 percent of companies are already using automation software or plan to use this technology in the next 12 months, and for more than one-in-three organizations, the pandemic influenced their decision to use automation to bolster the productivity of employees, while others found new applications of this technology to make themselves more resilient, such as helping to automate the resolution of IT incidents.
  • Trustworthy and explainable AI is critical to business: 91 percent of businesses using AI say their ability to explain how it arrived at a decision is critical. While global businesses are now acutely aware of the importance of having trustworthy AI, more than half of companies cite significant barriers in getting there including lack of skills, inflexible governance tools, biased data and more.
  • The ability to access data anywhere is key for increasing AI adoption: The proliferation of data across the enterprise has resulted in over two thirds of global IT professionals drawing from more than 20 different data sources to inform their AI. Almost 90 percent of IT pros say being able to run their AI projects wherever the data resides is key to the technology’s adoption.
  • Natural language processing is at the forefront of recent adoption: Almost half of businesses today are now using applications powered by natural language processing (NLP), and one-in-four businesses plan to begin using NLP technology over the next 12 months. Customer service is the top NLP use case with 52 percent of global IT professionals reporting that their company is using or considering using NLP solutions to improve customer experience and it was the use AI case IT professionals were most likely to report that the COVID-19 pandemic has increased their focus on.

“As organizations move to a post-pandemic world, data from the Global AI Adoption Index 2021 underscores a major uptick in AI investment,” said Rob Thomas, Senior Vice President, IBM Cloud and Data Platform. “A large majority of those investments continue to be focused on the three key capabilities that define AI for business – automating IT and processes, building trust in AI outcomes, and understanding the language of business. We believe these investments will continue to accelerate rapidly as customers look for new, innovative ways to drive their digital transformations by taking advantage of hybrid cloud and AI.”

While adoption is poised for growth, some global businesses are still facing a multitude of challenges when it comes to adopting AI. Persistent barriers across markets and industries highlight the need for continued focus on addressing skills and solutions gaps.

  • The survey determined top three barriers to AI adoption for businesses are: Limited AI expertise or knowledge (39 percent), increasing data complexity and data silos (32 percent), and lack of tools/platforms for developing AI models (28 percent).

IBM is working to accelerate adoption by delivering AI designed for the needs of businesses. To give businesses, data scientists and developers the capabilities they need to scale AI, IBM is continually bringing new innovations to IBM Watson from IBM Research that help enable organizations to better understand the language of business, automate processes and IT, and drive trust in their AI outcomes. Additionally, IBM Global Business Services brings deep technology, industry and process design expertise to co-create solutions with customers that embed AI into core business processes and create intelligent workflows at scale.

Download the full report here.

Methodology
The data sheds new light on the deployment of AI across 5,501 businesses in China (500), France (500), Germany (500), India (500), Italy (500), Latin America (1,000 across Brazil, Mexico, Colombia, Argentina, Chile, Peru), Singapore (500), Spain (500), the United Kingdom (500), and United States (501). The polling was conducted online through Morning Consult’s proprietary network of online providers in April 2021. All respondents were required to have significant insight or input into their firm’s IT decision-making. See full details on the methodology at the end of the summary.

About IBM Watson
Watson is IBM’s AI technology for business, helping organizations to better predict and shape future outcomes, automate complex processes, and optimize employees’ time. Watson has evolved from an IBM Research project, to experimentation, to a scaled, open set of products that run anywhere. With more than 40,000 client engagements, Watson is being applied by leading global brands across a variety of industries to transform how people work. To learn more, visit: https://www.ibm.com/watson

You Might Also Like

Ethereum Trading Outlook

Bitcoin Trading Outlook

The 20 Great Quotes of John McAfee

New Cold War Looms as Tariffs Shift from Trade to Politics

America Party: Terminal Debt Crisis and Elon Musk Buy $BTC

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article doge memes wallpaper preview Risk-Managed Crypto Indices
Next Article Bitcoin virtual digital currency iphone 750x1334 Micro Bitcoin Futures Surpass 100,000 Contracts Traded
Buy Bitcoin

Buy Bitcoin

Latest News

photo 2024 01 12 17 15 43
Bitcoin Might Be Bumpy BUY THE DIP
Bitcoin Featured Headline News KXCO Shayne Heffernan on Investments July 5, 2025
Screenshot 28 6 2025 184218
KXCO and the New World of Money
Blockchain Blockchain for Government DeFI Digital Assets Economy Gold Headline News KNIGHTS Knightsbridge KXCO KXCO Opinion Politics Shayne Heffernan Stablecoins USD July 3, 2025
bitcoin kxco
KXCO’s Position in Tokenized Cash and Cross-Border Payments
AI Bitcoin Blockchain Blockchain for Government Business cefi Crypto DeFI Digital Assets Fintech Gold Headline News Knightsbridge KXCO KXCO Opinion Shayne Heffernan Stablecoins USD Web3 July 3, 2025
Hong Kong
Hong Kong is Back
Business China Crypto Featured Headline News Hong Kong Knightsbridge Insights KXCO Opinion Politics Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments July 3, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?