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76% Of Enterprises Prioritize AI & Machine Learning In 2021 IT Budgets

Enterprises accelerated their adoption of AI and machine learning in 2020, concentrating on those initiatives that deliver revenue growth and cost reduction. Consistent with many other surveys of enterprises’ AI and machine learning accelerating projects last year, Algorithmia’s third annual survey, 2021 Enterprise Trends in Machine Learning finds enterprises expanding into a wider range of applications starting with process automation and customer experience. Based on interviews with 403 business leaders and practitioners who have insights into their company’s machine learning efforts, the study represents a random sampling of industries across a spectrum of machine learning maturity levels. Algorithmia chose to limit the survey to only those from enterprises with $100M or more in revenue. Please see page 34 of the study for additional details regarding the methodology.   

Key insights from the research include the following:

Algorithmia’s third annual survey, 2021 Enterprise Trends in Machine Learning
Algorithmia’s third annual survey, 2021 Enterprise Trends in Machine Learning
Algorithmia’s third annual survey, 2021 Enterprise Trends in Machine Learning
Algorithmia’s third annual survey, 2021 Enterprise Trends in Machine Learning
Algorithmia’s third annual survey, 2021 Enterprise Trends in Machine Learning
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