According to TCS' Global Trend Study, 60-80% of the companies use IT functions, but 70% of the people believe the impact of Artificial Intelligence will be majorly on marketing, finance, human resource & customer service verticals.
According to TCS, organisations having greater financial improvements will add Artificial Intelligence related roles by 2020 as against the ones with lesser financial improvements. According to the chief technology officer of TCS, K Ananth Krishnan, Artificial Intelligence will play a key role in becoming a pivotal component in formulating organisation strategy.
In 2016, 7% of companies have reserved $250 million towards Artificial Intelligence. In order to curb potential hacks and other related security threats, around 7 of 10 companies use Artificial Intelligence.