The editor of Downcodes will help you understand the latest AI investment trends! Recently, a survey by ABBYY revealed the current status of global companies’ investment in artificial intelligence. Data shows that "fear of missing out" is driving companies to increase investment in AI. This is not just a simple technology upgrade, but also a key strategy for companies to stay ahead in fierce competition. The findings are thought-provoking and worthy of in-depth analysis.
A recent survey by intelligent automation company ABBYY shows that more and more companies are increasing investment in artificial intelligence (AI) due to "fear of missing out" (FOMO).
You heard that right, a full 63% of global IT leaders said they are worried that their companies will become less competitive without the use of AI. This fear has driven their AI investments to an average of more than $879,000 in the past year! Although one-third of business leaders are concerned about implementation costs, almost all respondents (96%) plan to invest in AI in the next year Continue to increase investment in AI.
Picture source note: The picture is generated by AI, and the picture is authorized by the service provider Midjourney
Moreover, pressure from customers is another major factor driving enterprises to use AI, with more than half of business leaders agreeing with this. Surprisingly, however, IT leaders’ concerns about employees potentially misusing AI (35%) outweighed concerns about cost (33%) and AI generating incorrect information (32%).
When it comes to trust, the vast majority of respondents have a high degree of trust in AI tools, reaching 84%. In particular, specialized AI tools called small language models (SLMs) are favored by 93% of decision makers, who say they are already using such tools, such as intelligent document processing (IDP).
Maxime Vermeir, senior director of AI strategy at ABBYY, said organizations have a higher level of trust in small language models, mainly because large language models (LLM) often produce inaccurate or even harmful results. Now, more and more business leaders are turning to SLM to meet their specific business needs and ensure more trustworthy results.
In the survey, 91% of respondents expressed confidence that their companies would comply with government regulations, but only 56% said they had their own trustworthy AI policies. Meanwhile, 48% believe their confidence would increase if companies had tools to monitor AI compliance.
The level of trust in AI also varies from region to region. The United States has the highest trust level at 87%; Singapore follows closely at 86%; while France has a relatively low trust level of only 77%.
All in all, ABBYY’s survey data clearly illustrates the complex situation of booming AI investment and the coexistence of corporate confidence and concerns about AI technology. In the future, how companies strike a balance between AI investment and risk control will become the focus of the industry. The editor of Downcodes will continue to pay attention to the latest developments in the field of AI and bring you more exciting reports.