By Omar Maher, Esri
To guide their companies through economic shifts, senior executives must understand how technology supports business strategy. Today, that awareness includes artificial intelligence (AI). But without business context, AI will deliver limited value.
Forward-thinking executives are discovering that a complementary technology can contextualize AI information and help them discover new markets, better understand and serve customers, improve asset management, optimize their supply chains, and mitigate risk.
Most C-suite executives sense that AI is a crucial aspect of digital transformation. Three out of four business leaders say they are working to integrate company-wide AI initiatives, according to an Accenture survey. The same percentage believe that if they fail to do so, their companies will be defunct in five years.
The next half-decade will be crucial. McKinsey research suggests that the AI adoption rate among corporations will rise steadily during this period—then increase significantly.