Artificial intelligence (AI) is rapidly transforming industries and organizations worldwide. However, the widespread adoption and successful implementation of AI projects are hindered by various forms of friction, according to a recent international survey conducted by Altair, a leading AI company.
Organizational friction emerges as a significant challenge, with 75% of respondents indicating difficulties in finding skilled data science talent. Furthermore, 35% of organizations report low AI literacy among their workforce, hindering the effective utilization of AI capabilities. The shortage of talent and the time-consuming process of upskilling current employees are identified as the primary obstacles to successful AI strategy adoption for 58% of respondents.
Technological limitations also contribute to friction, with over half of the organizations encountering obstacles related to data processing speed, quick decision-making, and data quality issues. Moreover, 63% of respondents believe that their organizations complicate the use of AI-driven data tools unnecessarily. Legacy systems that lack the capacity to develop advanced AI and machine learning initiatives further exacerbate technological friction.
Financial constraints pose formidable challenges for organizations aiming to scale their data and AI strategies. Approximately 25% of respondents cite financial obstacles as a source of friction, while 28% indicate that leadership’s fixation on upfront costs prevents them from recognizing the long-term benefits of investing in AI and machine learning. Additionally, the perceived high cost of implementing AI tools deters organizations from leveraging AI effectively.
Despite encountering failures, organizations remain determined to utilize AI, buoyed by the potential for long-term breakthroughs and improved capabilities or services. A staggering 78% of respondents express optimism regarding the future impact of AI, highlighting its transformative potential.
In a conversation with Ingo Mierswa, SVP of product development at Altair, he emphasizes that AI is not a new concept, with a history spanning seven decades. Mierswa acknowledges the cyclical nature of AI’s popularity, recounting a period 20 years ago when interest dwindled due to its complexity. However, he stresses that AI has now entered consumer goods, enabling personalized experiences in vehicles and other products.
While fear of AI has become prevalent, Mierswa dismisses these concerns, emphasizing the presence of technical expertise and ethical considerations to prevent any negative outcomes. Instead, he envisions AI as a force for positive change, granting individuals more freedom and transforming industries by enhancing efficiency and productivity.
Overall, as organizations confront and overcome the challenges of organizational, technological, and financial friction, the potential impact of AI remains promising. With the right expertise and a focus on strategic implementation, AI has the power to revolutionize industries and unlock new possibilities for individuals and society as a whole.
1. What is the main challenge organizations face when implementing AI?
Organizations struggle to find skilled data science talent, impacting the successful adoption of AI strategies.
2. What are the technological limitations organizations often encounter in AI initiatives?
Organizations face challenges related to data processing speed, quick decision-making, and data quality issues.
3. How do financial obstacles impact the implementation of AI?
Financial constraints hinder organizations from scaling their data and AI strategies and recognizing the long-term benefits of investing in AI and machine learning.
4. Despite the failures, why do organizations continue to use AI?
Organizations remain optimistic about AI’s potential for long-term breakthroughs and improved capabilities or services.
5. Is there a fear of AI?
While there is widespread awareness and some concerns about AI, technological expertise and ethical considerations mitigate the risks and foster a positive outlook for its impact.