New Study Reveals More Than 78% of Companies Cite AI as a Key Revenue Driver in 2022
SambaNova Systems, the company building the industry's most advanced software, hardware and services to run artificial intelligence (AI) applications, today released a new study, "The Race to AI Value: Scaling AI/ML Ahead of Your Competition," revealing 78% of top companies rate AI and machine learning (ML) as important revenue drivers for 2022.
While organizations understand AI/ML is needed to drive revenue and business goals, only a quarter of top companies report they've scaled their AI/ML initiatives across their organization, leaving the remaining three-fourths well behind in the next wave of technology advancement. Despite growing investment and excitement about AI driving innovation and revenue, many organizations remain in the early stages of implementing AI initiatives and face varied challenges scaling their AI initiatives.
"To keep pace with the rapid evolution of AI/ML and deep learning, technical leaders need to determine which use cases will drive revenue and innovation for their business, and identify how to deploy them quickly at an enterprise level," said Rodrigo Liang, co-founder and CEO of SambaNova Systems. "Those that haven't made it a priority will need to do so in 2022 and then move quickly to stay competitive."
The research shows:
"As AI becomes ubiquitous across industries, it is driving innovation, disrupting entire markets and spurring profound transformation that has the potential to refactor the Fortune 500 just as the internet has over the past several decades," Liang said. "To come out ahead, companies will need to scale up AI initiatives that boost efficiencies and streamline operations, as well as drive innovations that transform how people live and how business is done."
SambaNova's report surveyed 600 full-time AI/ML, data, research, experience and cloud infrastructure leaders at the director level and above In August 2021. The survey captured 100 responses from each of six key industries: financial services, healthcare and life sciences, manufacturing and auto, retail and e-commerce, public sector and oil and gas.
About SambaNova Systems
SambaNova Systems is an AI innovation company that empowers organizations to deploy best-in-class solutions for natural language processing, computer vision, recommendation systems, and AI for science with confidence. SambaNova's flagship offering, Dataflow-as-a-Service™, helps organizations rapidly deploy AI in days, unlocking new revenue and boosting operational efficiency. SambaNova's DataScale® is an integrated software and hardware system using Reconfigurable Dataflow Architecture™, along with open standards and user interfaces. Headquartered in Palo Alto, California, SambaNova Systems was founded in 2017 by industry luminaries, and hardware and software design experts from Sun/Oracle and Stanford University. Investors include SoftBank Vision Fund 2, funds and accounts managed by BlackRock, Intel Capital, GV, Walden International, Temasek, GIC, Redline Capital, Atlantic Bridge Ventures, Celesta, and several others. For more information, please visit us at sambanova.ai or contact us at [email protected]. Follow SambaNova Systems on LinkedIn.
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