Hey there! I came across this article from Accenture Research capturing the AI maturity index across various industries in 2021 and 2024 (estimated).
It’s quite obvious that Tech industry steals the AI show here! The range of companies – Google, Meta, Amazon, Apple, Microsoft etc., are striving hard to innovate and compete to gain the market space when it comes to AI-led products and solutions.
Automotive bags the number two spot thanks to AI-led self-driving / autonomous vehicles trend. Followed by Aerospace and Defence for AI-enabled remote systems. Life Sciences companies conduct experiments to reduce the drug development time using AI.
Accenture Research reveals that there are enormous opportunities for companies to seize in this space.
One thing that I particularly find it surprising is, Banking & Insurance industry which show relatively lower AI maturity compared to other industries. In general, BFSI as a sector, undertakes IT and Data or AI-led projects in-house (global capability centers) or using outsourced partners. BFSI has lot of room for AI penetration across their functions such as Customer Experience, Sales & Marketing, Finance & Investments.
Common challenges plaguing the AI adoption indicated in the research are
- Legal and regulatory challenges
- Inadequate AI infrastructure
- Shortage of AI-trained workers