AI/ML is creating many opportunities for companies today. A modern data stack/cloud service lets you get the best out of this technology. Rackspace invests heavily in AI/ML servers and research into this area.

Rackspace has written a comprehensive report/whitepaper highlighting the help, investment, barriers, and benefits of AI/ML to a business.

Key findings #1
AI is critical for business strategy. Up to 72% of respondents note AI/ML as part of their business strategy, IT strategy or both.

AI is critical to all enterprises to reduce costs and create new markets. The key is to see how it can fit within a business strategy. In some instances, the inclusion is so profound it will help reshape a business strategy.

Key findings #2
AI/ML is having an overwhelmingly positive impact on businesses. 70% of all respondents reported positive effects of AI/ML on brand awareness and reputation, revenue generation and expense reduction.

AI/ML brings so many things to the table. Companies can reduce costs and increase revenue. Doing this can also give a positive upswing for most businesses.

Key findings #3
AI/ML budgets are increasing.

As adoption rises, returns are realised, and more companies find that AI/ML needs serious investment to get solid returns.

Key findings #4
52% are using AI/ML to improve speed and efficiency

This is one of the major factors for early adoption. However, if AI is harnessed widely, new outward-facing products and services can be realised too.

Key findings #5
60% consider revenue growth a leading KPI, along with 55% on cost savings and 54% on profit margins.

This demonstrates how AI can influence all aspects of an enterprise. Depending on what AI is implemented, it can increase revenue and profits and reduce costs in many ways.

In summary
This excellent report indicates the continued interest and thirst for AI. It shows some issues, including the need for a solid strategy, focus on the quality/accuracy of data and investment in talent for the future.

Great report, Rackspace team.

Read the report here – (Needs a few details)

Feel free to contact me today

I invest many hours researching the latest AI, technology, and business trends for all my clients. The knowledge is refined, distilled, and combined with many other forms of analysis and expertise to give the best advice possible. 

I can get the best out of AI by:

• Spotting the latest AI opportunities for your company
• Pinpointing the best AI experts for your project or company
• Giving the best advice on AI strategy and approach
• Helping extract the most value out of  AI
• …and lots more, please feel free to contact me today