Businesses are investing heavily in the Internet of Things (IoT) while remaining cautious about investments in artificial intelligence (AI), reveals the Constellation Research 2017 Digital Transformation Study. However, Constellation expects AI to emerge in 2018 as the predominant area of technological experimentation due to the increasing availability of AI development kits and frameworks.
Nearly half of respondents of the Constellation 2017 Digital Transformation Survey said their organization either had an established IoT strategy with applications in production (19 percent) or have pilot projects underway (28 percent). In contrast, just 25 percent of executives said they were investing in AI.
Digital Transformation in the era of AI
Growing demand for the IoT and AI is expected to drive large investment in SaaS/cloud and big data technology. Seventy-five percent of respondents said their organization was increasing investment in big data technologies. A full 77 percent of respondents said their organizations would increase investment in SaaS/cloud over the next 12 months, with 45 percent of that total saying the investment would be significantly greater.