IT Survey: AI Implementation Has Many Hurdles but Funding Isn’t One of Them

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Implementation of AI has its own challenges, and according to a new survey, proving the value of AI solutions to businesses might be the biggest one. According to data presented by NoKyc.com, 42 percent of IT professionals think this is the leading challenge in AI implementation.

A recent Coleman Parkes survey asked 1420 IT professionals about the three leading challenges they face in implementing AI initiatives in businesses. As per the results of the survey published on Statista.com, 42 percent of the respondents claimed that proving the usefulness or value of AI solutions to businesses is the biggest challenge they face while AI implementation.

On the opposite spectrum, few IT professionals complained about a lack of funding or commitment from senior management. Only 5 percent cited lack of funding as a hurdle, and just 4 percent complained about the lack of commitment from senior management.

A lack of technological infrastructure to support AI is also seen as a major hurdle by IT professionals. In the survey, 38 percent of respondents picked a lack of tech infrastructure as an option. Storage of skilled AI talent was the next biggest hurdle, with 32 percent of IT professionals who took the survey opting for it.

The lack of clean data in the related field was flagged as another concern in the survey, with 24 percent of survey respondents picking it as an option. The general lack of trust towards AI-based decisions is also a significant hurdle, with 22 percent of votes followed by algorithm/model failure at 19 percent. The inability to find the right data was also a concern for 17 percent of respondents.

Some IT professionals, 14 percent, also expressed concerns about legal or compliance issues. “Lack of skills to exploit the results” was picked as a hurdle by 11 percent and “lack of clarity on success metrics” by 9 percent. “Lack of new use cases across the business” was the next popular option in the survey, with 7 percent of votes.

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