by Angela Guess

A new release out of the company reports, “Narrative Science, the leader in advanced natural language generation (Advanced NLG) for the enterprise, today announced their second annual research report, ‘Outlook on Artificial Intelligence in the Enterprise 2016.’ Partnering with National Business Research Institute (NBRI), Narrative Science surveyed 235 business executives to understand the use, value, and impact of AI-powered business applications within their organizations.”

The release continues, “NBRI’s analysis of the data revealed a few findings: AI adoption is imminent, despite marketplace confusion – 38 percent of the survey group are using AI technologies, and of the respondents that don’t have AI technologies deployed, 56 percent of the group plan to do so by 2018. Predictive analytics is dominating the enterprise – 58 percent of respondents confirmed use of the technology. The shortage of data science talent continues to affect organizations – 59 percent of respondents named ‘shortage of data science talent’ as the primary barrier to realizing value from their big data technologies. Companies that generate the most value from their technology investments make innovation a priority – 61 percent of the respondents who have an innovation strategy are using AI to identify opportunities in data that would be otherwise missed while only 22 percent of respondents without a strategy could say the same thing.”

Stuart Frankel, CEO of Narrative Science, noted, “One of the major compelling differences in this year’s survey compared to last year is the changing perception of AI technologies… This year, the conversations pertaining to AI are about the power of the partnership. There is growing awareness that AI technologies, when combined with human skills, is optimal because it produces results reaching beyond what either group could achieve alone.” To download the full research report, visit: https://narrativescience.com/OutlookAI2016

Read more at Marketwired.

Photo credit: Narrative Science