Expectations for artificial intelligence technologies are soaring across different sectors, but how is AI changing companies in practice? Considering the complexity and feasibility of artificial intelligence technologies — machine learning, natural language processing, speech recognition, robotics, recommendation systems, and so forth — the outcome of AI deployment varies for different institutions and businesses.
This report offers business leaders a glimpse of how the biggest companies in the world get along with AI. The success or failure of their strategies serves as a useful reference for companies that are interested in using the technology.
Our research targeted 640 companies from 23 different sectors listed on the Fortune Global 500 from the year 2013-2017. We reviewed over 100,000 company media releases and more than 3,000 annual reports and white papers to filter out 145 companies from 17 different sectors that have indicated the use of AI in their documentations. To ensure the transparency and accuracy of our analysis, all 145 are public companies that have made their information public.
Of the 145 companies, Financials, Technology, and Motor Vehicles & Parts sectors have the most number of AI adopters. We applied compound annual growth rate (CAGR) calculation and conducted professional analysis on each of the target companies and discovered 3 types of AI adopters:
- Target Companies That Are “High AI Adaptive”
- Target Companies That Are “Low AI Adaptive”
- Target Companies Whose AI Adaptivity is Difficult to Evaluate
For each category we introduce two case studies. Readers can review the successes of tech company Amazon or oil giant BP with their AI products and services; the backslide of manufacturing behemoths GE and IBM after pivoting to AI strategies; and how banks like Wells Fargo os China’s state-owned automaker SAIC are facing complicated AI adoption scenarios.
To help business and policy leaders understand current practices, the report also proposes a checklist based on Porter’s Five Forces model for future AI adopters.
How to get the report?
Readers have two ways to acquire the report.
- Purchase a Kindle-formatted version of the report Year of AI: How Did Global Public Company Adapt to the Wave of AI Transformation on Amazon for $19.99
Readers can purchase the report directly from the Kindle Store for $19.99. Note that graphs and tables have been simplified due to Kindle’s formatting limits, but the report’s key information is fully included.
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