Everywhere you turn, there’s another news story emphasizing the impact artificial intelligence will have on the enterprise this year. Along with that are headlines screaming about Silicon Valley giants siphoning off talent at a time when machine learning has become a huge driver in the battle for digital transformation dominance.
So if you’re looking to make good on the promise of AI, where can you turn for talent? Desperate times, it is said, call for desperate measures. Many organizations are dealing with the AI talent shortage by forming partnerships with universities and by training and building from within.
If you think this is all a lot of hype, consider that by 2030, the global GDP could be up to 14% higher, or $15.7 trillion as a result of AI, making it the biggest commercial opportunity in today’s economy, according to the recent PwC report “ Sizing the Prize .”
“If your business is operating in one of the sectors or economies that is gearing up for fast adoption of AI, you’ll have to move quickly if you want to capitalize on the openings, and ensure your business doesn’t lose out to faster-moving and more cost-efficient competitors,’’ the report advises.
Regardless of whether a company is in a sector where the disruptive potential is lower and adoption is likely to be slower, PwC says, “no sector or business is in any way immune from the impact of AI. … The big question is how to secure the talent, technology and access to data to make the most of this opportunity.”
This is something CIOs will be grappling with as more organizations deploy AI-oriented initiatives in the next couple of years. Staffing skills is the No. 1 challenge for 54 percent of CIOs looking to adopt AI, according to Gartner, which has deemed 2018 as the year “AI Democratization” begins. But some CIOs are facing a double-whammy as 37 percent are still struggling to define an AI strategy, the research firm says. […]