In the face of prevailing economic adversities, a new report highlights a notable surge in AI investments. The State of Intelligent Automation Report by ABBYY reveals an over 80% increase in AI budgets, a testament to the growing reliance on AI technologies across various industries.
This substantial financial commitment is acknowledged by 82% of IT executives from the US, UK, Germany, and France, who participated in the study. Despite the economic downturn, organizations are channeling more funds into AI, reflecting its pivotal role in driving innovation, enhancing work value, and boosting employee satisfaction and retention.
The report provides a comprehensive overview, shedding light on the increasing investment and the consequent benefits in the realm of intelligent automation. Amid the ongoing global financial constraints, the marked escalation in AI funding underscores the technology’s significant impact and the anticipation of its continued exponential growth in the coming years.