We surveyed a select pool of companies in the Greater Sacramento Area and received a 20% response that represented a good cross-section of several different industries:
Of the respondents, an equal amount had plans to implement in the next year or no plans at all. But the companies with no plans to implement in the near future are not alone.Less than two-fifths of companies have an AI strategy even though three-fifths believe current competitors will begin using AI, according to a new MIT Sloan Management Group survey. Though the concept of AI has been around for years, its implementation and practical use remain difficult and expensive.
For the last question, respondents could select as many answers as applicable. The consensus seems to be that companies are still concerned about the number of employees that have skills in database design and data interpretation, which makes sense because an algorithm is only as good as the person who wrote it.
Overall, our respondent pool was small but the data we gathered seems to follow the same pattern shown in major studies. Although there has been much fear associated with AI eliminating certain positions, the future is brighter than we think. The good news is, there’s still time to get comfortable with AI before it really hits.