A report published recently by FICO, a reputed analytics software firm, said that the need for AI, data analytics, and digital software tools has spiked up significantly, among industries across business domains, amid the ongoing pandemic.
The talked about the report is currently available on the web, under the name — ‘Building AI-Driven Enterprises in a Disrupted Environment’, and it has surveyed 100+ C-level data and analytics executives, and have conducted interviews with them in order to find out about the increasing role of AI in the COVID-affected economy.
As we go deep into the findings of the said report, it says that the uncertainties created in the current economy because of COVID, have pushed a large percentage of organizations to adopt tech help. Off late, since the pandemic first hit the market, there has been seen a shift towards a more disciplined, and committed approach towards running businesses. Now, the companies, across diverse industries, are increasingly adopting AI in its business processes to secure themselves from going out of the market in the times of a crisis like Corona.
AI Capabilities have Been Deployed Heavily Across Industries, Amid the COVID Crisis
The same study concluded that more than half, i.e. 57% of the chief data analytics executives agreeing to an increased usage of AI, in the times of the ongoing pandemic, compared to the use of the said technology, prior to the arrival of Corona.