Enterprises Grow Bullish on Artificial Intelligence

Enterprises Grow Bullish on Artificial Intelligence

Artificial intelligence (AI) for cybersecurity is already making a significant positive impact in the enterprise, with 64% of IT decision-makers expecting to see ROI from their investments in AI in fewer than two years.

That’s according to Cylance’s report, Artificial Intelligence in the Enterprise: The AI Race is On, which polled 652 IT decision-makers in the US, UK, Germany and France. It found that optimism about the value of AI-powered solutions in the enterprise is high and that there are widespread plans to continue investment in the technology.

Nearly all of those surveyed said they are either currently spending on AI-powered solutions or planning to invest in them in the next two years; 60% already have AI in place. Additionally, 79% say AI is a top priority for their boards and C-suite executives.

AI is moving the needle for security teams too, according to the survey results: About three-quarters (77%) have prevented more breaches following their use of AI-powered tools and 81% said AI was detecting threats before their security teams could. Furthermore, another three-quarters (74%) said they won’t be able to cope with the cybersecurity skills gap if they don’t adopt AI.

AI is seen as a competitive advantage as well: About 87% of IT decision makers see AI-powered technology as a competitive advantage for their IT departments and 83% are specifically investing in AI to beat competitors. Also, a full 86% said that the AI that they have used so far has lived up to its promises.

Ancillary opportunities stemming from AI investment are on the radar screen as well, and about 93% say it will create new job opportunities, and 80% said AI will lead them to hire new workers and retrain existing employees.

“Executives who were first to make the leap of faith in AI have been the first to begin experiencing the rewards, particularly in the prevention of cyberattacks,” said Daniel Doimo, president and COO at Cylance. “Over the next year, I only expect to see this trend accelerate.”

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Source: Information Security Magazine