Do you intend to increase your spend on AI projects this year?

Yes.53%

Haven't decided yet.34%

No.11%

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VP / CIO in Healthcare and Biotech2 years ago

Challenge in justifying the ROI..

CIO5 years ago

We've consistently increased spending in this area.  But one thing we started working on last year was engaging the broader IT organization in AI.  So we had Amazon come in and host classes on AI/ML that engaged both IT staff, and our business (citizen developer) teams.  We ran a contest using Amazon's Deep Racer -- just to get people to become familiar with the tools. 

My ultimate goal is that AI/ML won't be something only one team does, but it will be a tool applied (where necessary) across all teams.  We'll still have experts, but hopefully in a COE model, not as the only people using the tools/technology. 

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Yes, we have a comprehensive governance policy53%

No, we need more guidance around this45%

Not sure what policies are currently in place2%

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Return on Investment (ROI)44%

Total Cost of Ownership (TCO)41%

Net Present Value (NPV)23%

Internal Rate of Return (IRR)11%

Payback Period22%

Business Process Improvements (e.g., increased efficiency, reduced cycle times, or enhanced productivity)44%

Customer Satisfaction and Retention30%

Competitive Advantage18%

Risk Mitigation27%

Ability to Foster Innovation and Agility14%

Employee Satisfaction19%

Something Else (share in a comment!)3%

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