Recently there has been a significant increase of focus on Artificial Intelligence (AI). Below we provide a summary outline of what various stakeholder groups are doing, or saying, about Artificial Intelligence:
Dozens of universities have dedicated AI programs, but most of them are very technically oriented. Only few universities focus on the interplay between AI and business.
Generally, there do not seem to be many published scientific articles on how AI helps and impacts organizations.
|Governments||US, China, UK, India, Russia, France, UAE, India, European Union|
A select list of governments launched studies, or whitepapers, on AI. Most of their focus is at macro level, such as the impact on disruption of the labour market or the economy.
The US (Obama) Government declared it a major potential disruptor and the government of China announced mid 2017 that it aims to be the world’s AI leader by 2030. It is expected more governments will start to focus on AI.
|Major Tech Companies||Google, Baidu, Amazon, Microsoft, IBM, Nvidia|
The major tech companies continue to invest billions of dollars into AI.Their AI products are state of the art, and improving every day, but many of them either seem to focus heavily on consumers or they are too technical to be (easily) used and applied within most businesses.
They often requires technical/developer capability as well as companies to put their (sensitive) data into their providers’ ‘cloud’.
|Multinationals (MNCs)||GE, Siemens, BMW, ABB, Samsung, GlaxoSmithKline, Baker McKenzie, BHP, Walmart, BBVA, InfoSys, UBS and many more|
Various multinationals have publicly announced they are working on AI. Although it’s not very public what they are working on, it’s clear they see AI as a huge potential opportunity (or threat) that could transform their business or the markets that they operate within.
They understand that early adopters will probably have a strong competitive advantage.
|Small & Medium Sized Businesses|
|US (28m), UK (5m), China (1m), India (51m), LATAM (14m), Middle East (5m), Africa (14m), Australia (2m) and more|
Across the world there are over a 100 million SMEs and it appears that most have not (yet) explored AI at all.
The introduction and use of AI within SMEs is a major opportunity, both for those SMEs as well as for AI solution provides. On the other hand, for those not exploring AI it is likely a threat, especially if they provide digital services.
|Management Consultants||McKinsey, Accenture, PwC, KPMG, Deloitte, E&Y, Accenture, BCG|
Until recently only a few mainstream management consultants focused on AI. By now most have dedicated AI leaders or AI practices.
Their offering and thought leadership is impressive and expanding fast. However their offering mainly target larger companies, plus there is no consistency of approach among them on how they explore AI.
|Business Journalism||MIT Sloan Review, MIT Technology Review, Financial Times||During 2017 the more serious business journals started to increase their focus on AI. For instance, The Financial Times began a dedicated ongoing section for AI.|
|AI Solution providers||Many|
There are already over 1000 (known) AI start-ups working on new AI services and products. Successful ones seem to be acquired quickly.
For instance, a 2011 UK start up Deepmind was acquired by Google for about USD500m only a few years later. Others, such as GE, also acquired AI companies. Whilst over a thousand potential AI solutions will come to market in the next years, it is not widely known that hundreds of AI solutions are already available on the market.
A frequent problem is that these companies are difficult to find therefore most solution seekers do not know what is currently on offer.