IBM Report Reveals Key Traits of AI Leaders in Business

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On Sat, 9 Nov, 12:02 AM UTC

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IBM's "AI in Action" report identifies characteristics of businesses that consider themselves AI leaders, highlighting effective data management and aggressive investment as key differentiators.

IBM Unveils "AI in Action" Report on Business AI Leadership

IBM has released a new report titled "AI in Action," shedding light on the artificial intelligence strategies employed by businesses considered "AI Leaders." The report, based on a survey conducted by Harris Poll on behalf of IBM, analyzed 2,000 companies across the United States, United Kingdom, Singapore, and India 12.

Key Findings: AI Leaders vs. Learners

The survey revealed that 15% of the 2,000 businesses surveyed reported being far ahead of their peers in leveraging AI to maximize value across their operations. These companies were classified as "AI Leaders," while the remaining 85% were categorized as "Learners" 12.

Notably, two-thirds of the AI Leaders reported that AI has already driven a 25% or greater improvement in their revenue growth rate. This significant impact on business performance underscores the potential of AI when effectively implemented 12.

Characteristics of AI Leaders

The report identified four key findings that may explain the outcomes achieved by AI Leaders:

  1. Effective data management strategy
  2. Aggressive investment approach
  3. (Two additional key findings not specified in the provided sources)

These characteristics appear to be the biggest differentiators between AI Leaders and Learners, suggesting that successful AI implementation requires a strategic approach to data and a willingness to invest heavily in AI technologies 12.

Survey Methodology and Scope

The research for this report was conducted online by The Harris Poll from February 20 through March 2023. The survey targeted IT and business decision-makers in the US, UK, Singapore, and India. Participants were required to have deep knowledge of their company's AI-based tools and processes and work for large companies with either an annual revenue of more than $500 million or a company size of more than 1,000 employees 12.

IBM's Role in AI and Cloud Computing

As a leading provider of global hybrid cloud and AI solutions, IBM helps clients in over 175 countries leverage insights from their data, streamline business processes, reduce costs, and gain a competitive edge. The company's expertise spans various critical infrastructure areas, including financial services, telecommunications, and healthcare 12.

IBM's commitment to innovation is evident in its breakthrough developments in AI, quantum computing, and industry-specific cloud solutions. The company emphasizes open and flexible options for its clients, underpinned by a long-standing commitment to trust, transparency, responsibility, inclusivity, and service 12.

Implications for Businesses

The "AI in Action" report offers valuable insights for companies looking to enhance their AI capabilities. By understanding the characteristics of AI Leaders, businesses can identify areas for improvement and potentially accelerate their own AI adoption and implementation strategies 12.

IBM has made the full report, including country-specific data, available on their website. Additionally, they have provided a quiz for companies to assess whether they qualify as AI Leaders, offering a practical tool for businesses to evaluate their current AI standing 12.

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