Artificial Intelligence is Not Killing Jobs

ARTIFICIAL INTELLIGENCE IS NOT KILLING JOBS Enterprises are turning to artificial intelligence (Al) to help analyze data and use it to make effective business decisions. A new survey from Narrative Science reveals how enterprise CEOS, knowledge workers, data scientists and analysts perceive and use Al and Big Data in their enterprises. Some notable findings are highlighted below. ENTERPRISES AREN'T AFRAID OF AI ENTERPRISE LEADERS DEFINE AI AS TECHNOLOGY THAT Now Hiring Thinks and acts like humans - 31% Can learn to do things better over time - 25% Can understand language - 7% 80% Can answer questions - 4% Passes the Turing test - 1.5% OF ENTERPRISE All of the above - 28.5% EXECUTIVES SAY AI Other - 3% MAKES WORKERS MORE PRODUCTIVE AND CREATES JOBS The highest percentage (29%) of respondents named PREDICTIVE ANALYTICS as the top priority they think their organizations could address with ONLY 15% BELIEVE ARTIFICIAL INTELLIGENCE ELIMINATES JOBS Al-POWERED SOLUTIONS HOW COMPANIES ARE USING AI THE PRIMARY REASON ENTERPRISES CURRENTLY USE AI IS FOR: 48.5%: Automated communications that give business audiences data they can use to make effective business decisions 13.6%: Automated communications that give consumer audiences data they can use to make effective decisions 6.1%: Automation that eliminates manual and repetitive tasks 57.9% OF BUSINESSES WITH 4.6%: Monitoring and alerts about the health of the business BIG DATA TECH HAVE AI SOLUTIONS DEPLOYED 4.6%: Automated data-driven reporting 19.6%: All of the above 3%: Other THE MOST WIDELY USED AI SOLUTIONS IN RESPONDENTS' ENTERPRISES INCLUDE: Systems used for decision support Machine learning 24.2% 7.4% 31.8% SAY VOICE RECOGNITION AND RESPONSE IS THE MOST WIDELY USED Al-POWERED SOLUTION IN THEIR ENTERPRISE communications 4.6% Analytics-focused applications 4.6% Automated written reporting/ BIG DATA TECH NEEDS AI On average, THE TOP THREE DATA MANAGEMENT AND ANALYTICS TECHNOLOGIES USED MOST organizations feel they are getting WIDELY IN ENTERPRISES TODAY ARE: ONLY 53% of the potential insights from their available data 31% 23% 21% Big Data apps such as Hadoop Data Business visualization intelligence 58% OF ENTERPRISES By 2018 use Big Data technologies THE US WILL BE SHORT 140,000 TO 190,000 PEOPLE WITH ANALYTICAL EXPERTISE AND 1.5 MILLION MANAGERS WITH THE SKILLS TO UNDERSTAND AND MAKE DECISIONS BASED ON ANALYSIS OF BIG DATA Executives acknowledge data analytics technologies are more effective at producing problem-solving information when paired with Al 53% of companies using Big Data technology but not Al technology are “not effective" to only "moderately effective" at producing problem- solving information Whereas 59% of organizations that use Al technology in addition to Big Data technology are "highly effective" at turning data into information that can solve problems For the full 2015 State of Artificial Intelligence and Big Data in the Enterprise report, please visit: http://www.narrativescience.com/state-of-ai Additional Sources https://kapost-files-prod.s3.amazonaws.com/uploads/direct/1415199563-23-1043/Executive Summary_Global_Technology_Adoption_Index.PDF#_ts=1416419228743 http://www.mckinsey.com/features/big_data NarrativeScience 000000000●