Why 83% of tech execs see opportunities to accelerate innovation with AI

Bibhas Bhattacharya

Bibhas Bhattacharya

Former Intelligent Cloud Business Group Lead

Read Time, 2 min.

The age of AI has arrived. According to 83 percent of technical decision makers, Artificial Intelligence offers their companies more opportunity to innovate than ever before. But what’s the best way to ensure AI can boost innovation in your organization?

In its latest survey of 536 technical decision makers, Forrester have attempted to answer that question. Here’s what they discovered.

Insights from key AI decision makers

The 2022 study, Fuel Application Innovation with Cloud AI Services, reveals the current consensus that AI can accelerate application innovation. It takes a close look at the business areas where AI can best be employed right now, and how to overcome skills shortage and other challenges to implementation.

Where AI can create an advantage – right now

AI is establishing itself as a vital tool to create differentiation in customer experiences, leading to competitive advantages in your chosen markets. In fact, according to the survey, almost 75 percent of technical decision-makers believe that every application could benefit from AI to increase functionality and innovation.

However, with limited resources, it pays to be selective and only apply AI in areas where it’s already proven its value. So right now, the key areas where you should consider applying AI are:

  • machine translation
  • knowledge mining
  • speech transcription
  • conversational AI
  • document process automation.

Do you have the necessary in-house resources?

But there are some bumps in the road to AI implementation. Half of all Forrester’s interviewees believe their organizations still don’t have the right resources in place to add AI capabilities to their apps.

A lack of quality data, plus app development and data science skills shortages are cited as the chief blockers to in-house AI development. In fact, 81 percent of tech leaders say they would use more AI if it was easier to develop and deploy.

The off-the-shelf solution

Some organizations are upping their AI game by investing in new systems and going on a hiring binge for development and data science talent. In fact, 65 percent are increasing their AI spend already. But while new data scientists, systems and software could be a long-term fix, those companies risk being beaten out of the market by earlier AI adopters.

A more rapid solution for any organization in a hurry to reap the benefits of AI-fueled apps are prebuilt, configurable AI cloud services. In addition to slashing deployment schedules, cloud services provide more options for AI capabilities and scale across multiple apps, while enjoying full support and troubleshooting services.

Expert opinion on AI implementation

However, if you choose to implement AI, it’s important to arm yourself with all the facts, expert opinions and guidance.

Download our free white paper Fuel Application Innovation with Cloud AI Services and register for the Microsoft AI Innovation Summit, where industry experts will be discussing AI and the industrial Metaverse.

Discover the AI breakthroughs at the Microsoft AI & Innovation Summit

Join us and learn how your organization can gain the most transformative business advantage.

Discover more related articles per industry:

Education

  • Northern Ireland moves to cloud-first education

    Northern Ireland moves to cloud-first education

    Northern Ireland moves to cloud-first education All teachers in the region now being equipped with Surface Pro laptops Transforming how education is provided in Northern Ireland over the next decade is a crucial goal for the region’s Education Authority.  To meet digital skills needs over that period and beyond, the authority is implementing a versatile […]

  • Unlock the potential of your students with Microsoft’s new Learning Accelerators

    Unlock the potential of your students with Microsoft’s new Learning Accelerators

    Personalized learning is a goal that educators everywhere have been trying to achieve for years. But the pandemic shone a light on the complexity of that challenge for teachers, who face a more diverse set of student needs than ever before.  Because delivering a truly personalized learning experience for every student has traditionally required lots […]

Finance & Insurance

Government

  • Two people inside using Surface Go in office

    How technology is transforming the work of governments

    Governments have the ultimate responsibility to their citizens. People depend on the services they provide like no other institution. Whether in healthcare, education, business, roads, railways, water – it’s essential that government institutions are always at the forefront of social and digital trends. Cloud-powered technologies are playing a critical role in helping government agencies to […]

Healthcare

  • Two people working in Healthcare with a Windows device

    Medical device provider builds an Azure data estate for any future

    Danish med-tech company Coloplast makes innovative care products for people with intimate health challenges. To help maintain productive customer relationships and better understand the needs of patients, Coloplast migrated from an on-premises data warehouse and business intelligence (BI) solution to Microsoft Power BI, Azure SQL Data Warehouse, and other Azure services. The migration is part […]

  • A woman undergoing a scan

    Predictive maintenance is improving quality of life for cancer patients

    With cancer affecting more than 17 million people annually, a figure set to rise dramatically in the coming years, efficient and cost-effective treatment is essential. Since deploying Microsoft Azure IoT, IBA Worldwide, a leading developer of medical equipment for cancer treatment, has been able to reduce the cost of maintenance and improve repair times for […]

Manufacturing

  • Immediate benefits for Handicare thanks to Microsoft Dynamics 365 for Field Service

    Immediate benefits for Handicare thanks to Microsoft Dynamics 365 for Field Service

    Handicare has implemented Microsoft Dynamics 365 for Field Service. The benefits have been immediately apparent: Improved cooperation between its office and field staff, higher efficiency, more transparency and greater customer satisfaction all mean that Handicare is providing optimal support to its customers.

  • a man holding a paint spray

    What we can learn from AkzoNobel’s digital transformation

    Savvy businesses are always on the lookout for ways to improve what they do and differentiate themselves from the competition. From organisational restructure to the development of entirely new business models, the quest for continuous improvement takes many forms. But one common factor in almost all modern business leaders’ plans is an emphasis on technological […]

Retail

Discover more related articles per dossier:

Customer Stories

  • Guy standing next to plane looking at Smartwatch to check reporting.

    Air France and KLM subsidiary EPCOR predicts future failures with data and AI

    EPCOR provides maintenance, repair and overhaul services, including state-of-the-art test facilities for aircraft pneumatic components and Auxiliary Power Units (APU). The APU is responsible for starting the main engines and provide power to essential aircraft functions. By harnessing cloud-based APU data using innovative analysis and machine learning, EPCOR is helping airlines meet their cost, safety […]

Digital Transformation

  • Uncovered: 4 Essential Field Service Trends For 2018

    Uncovered: 4 Essential Field Service Trends For 2018

    In a changing world of innovative new technology, connected devices, and shifting employee and customer needs, what trends are shaping the future for the Field Service industry and how can you embrace them? Trend #1: Putting the right tools into the right hands “It’s about empowering the field service engineer with more than just the […]

Press

  • Image of a man and woman smiling

    Microsoft and Connect at Catalyst Inc

    Microsoft and Connect at Catalyst Inc It’s an exciting time to be working in the technology sector in Northern Ireland. More than ever before we’re seeing increased numbers of entrepreneurs, start-up businesses, and indeed multinationals setting up in the North. Working together and learning from each other encourages a strong technology ecosystem and ultimately yields […]

Security & Privacy

Tips

  • Group of two female and one male office workers brainstorming in informal office setting. Both women are using laptops while the man is writing. Large screen shown in background.

    2019 Modern Selling Trends in 5 webinars

    The relationship between buyers and sellers grows more complicated each day. Every potential partnership requires finding the right buyer, fully understanding their business, tracking progress through the buying cycle, and engaging them with the right content—when and how they want it. These shifting dynamics underscore the artistry of modern selling. When the time is right, […]