Enterprises ramp up AI/ML spending despite deployment challenges

In response to the economic impact of COVID-19 companies are turning to their investments in AI to deliver both short-term cost-cutting and long-term technology innovation to drive revenue and efficiency. A report from ML operations and management software specialist Algorithmia finds that 83 percent of organizations have increased their budgets for AI/ML and that the average number of data scientists employed has increased 76 percent year-on-year. Organizations are also expanding into a wider range of AI/ML use cases. The survey finds that the percentage of organizations that have more than five use cases for AI/ML has increased 74 percent year-on-year.… [Continue Reading]