Open Source Artificial Intelligence: The Key For Business Transformation
Red Hat News, Thursday, January 25th, 2024
Artificial intelligence (AI) is becoming ubiquitous across all functional areas of a business. It's fair to say that AI is the most disruptive innovation of our lifetime.
According to IDC research, AI adoption and spending is on the rise. Large enterprises spend an average of $200 million annually on AI. Early adopters report approximately 35% improvement in innovation and about 32% improvement in employee and customer experiences with the rollout of AI solutions.
Enterprises across industries are embracing AI/machine learning (ML) for a breadth of use cases. AI/ML in financial services is helping to improve loan underwriting and reduce risk.