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Middle-market companies seizing growth by embracing AI

IMAGE CREDIT: PIXABAY.COM

IMAGE CREDIT: PIXABAY.COM

Intelligent automation and machine learning have moved center stage as vital enablers to ambitious middle-market growth, according to the findings of the annual EY Growth Barometer released at the EY World Entrepreneur Of The Year Forum.  

Attitudes toward new technology have evolved rapidly since last year. In 2017, 74% of global middle-market CEOs said they would never adopt robotic process automation (RPA), yet just 12 months later 73% of respondents say they are already adopting or planning to adopt artificial intelligence (AI) within two years.

Against this background, the EY Growth Barometer findings reveal that companies are recognizing the need to become more agile. However, in their eagerness to adopt revolutionary new technologies and incorporate AI into their businesses, company leaders are in danger of underestimating the scale of cyber threats, findings show. In fact, just 7% plan to invest in technology to reduce the risk of cyberattacks in the upcoming year, and only 6% see cyber threats as a challenge to growth.

 

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