Study: Only 13 percent of companies achieve AI goals despite positive balance sheet effects

Frankfurt. According to a study, the use of artificial intelligence (AI) pays off for many companies. However, companies often encountered problems when using this technology on a wide scale, according to a study published on Thursday by the consulting firm BearingPoint. Only 13 percent are on track with their AI initiatives, although almost three quarters recorded positive balance sheet effects. More than a third are still in the experimental and pilot phase. "AI has crossed an important threshold," said BearingPoint expert Frederic Gigant. “But demonstrating economic benefit and increasing economic benefit are two very different things.

The approximately 1,000 respondents from the USA, China and Europe cited complex legal requirements (40 percent) and integration into existing, often decades-old IT systems (34 percent) as the biggest hurdles to the large-scale use of AI. The performance of the AI models, on the other hand, only plays a subordinate role. For 54 percent of managers, access to high-quality and reliable data is the key to success. However, some companies are also getting in their own way with their AI plans: less than a third have formally checked before starting a project whether it could be implemented on a large scale.