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

Semina Vagiakou

Semina Vagiakou

Integrated Marketing Manager | Microsoft Western Europe

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 adaptors.

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.

Read Forrester's perspective on how AI fuels innovation

Learn how to help all your developers deploy AI solutions quickly using prebuilt, production-ready cloud AI services.

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

Finance & Insurance

Government

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 man sitting down and smiling at the camera

    dacadoo: opening the digital door to a healthier future and a better world

    “530 years ago, Leonardo Da Vinci attempted to define the quality of human life. Fast forward half a millennium and we are doing the same thing – just with different technology.” Much like Da Vinci, Peter Ohnemus has grand ambitions for the role he can play in shaping human history. The CEO of global health […]

Manufacturing

  • Potato producers benefit from sensors (IoT) and AVR’s technological innovations

    Potato producers benefit from sensors (IoT) and AVR’s technological innovations

    In Roeslare (Roulers in French), better known by the name “Potato Valley,” potato producers have a particular fondness for AVR’s machines and technologies, which mean they can plant and harvest potatoes more efficiently. More and more of AVR’s machines are equipped with sensors that are connected to the internet (IoT This technology provides farmers with […]

  • A photo of trees

    Future society: The utility company turning up the heat with AI

    One Swedish utility company is undergoing a journey in energy innovation―empowered by dynamic collaborations and AI technology. Frosty commutes from work in wintery Nordic cities are endured knowing that a toasty home awaits. Keeping city energy consumption steadily regulated is key, not just for an economical and warm home for residents, but to minimise environmental […]

Retail

  • a person standing in a room

    Delivering seamless commerce with a complete omnichannel solution

    With retail moving beyond a transactional model, customers are looking for retail experiences that meet or exceed their growing expectations. Retailers are tasked with better understanding customer needs and preferences in order to create personalized and friction-free shopping experiences. This is only possible by removing the barriers between traditionally isolated channels, like e-commerce and physical […]

  • Duty free shop

    Dufry: cultivating a culture of data through cloud technology

    One of the largest travel retailers in the world, Dufry is committed to digitizing its operations and becoming a fully data-driven company. In support of this target, Dufry is using Azure as a scalable, dynamic platform helping it reach a single source of truth. “We absolutely love data, but we don’t believe in using it […]

Discover more related articles per dossier:

Customer Stories

Digital Transformation

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, […]