From idea to industrialization: New AI study by Rackspace Technology and Fair

The new 2024 AI Research Report from Fair (Foundry for AI by Rack-space), sponsored by AWS and commissioned by Rackspace Technology, an end-to-end hybrid, multicloud and AI technology services company, finds that more than 60 percent of respondents to the survey conducted for the report have moved their strategies for AI beyond the ideation and proof of concept stage and are now entering the early stages of adoption. The results of the research report also show that almost a third of respondents have successfully integrated AI into business operations, highlighting the exceptionally rapid adoption and evolution of AI. Despite this, companies remain cautious about the risks associated with AI, particularly the ethical and safety concerns associated with the technology.

58 percent of respondents ranked cybersecurity as the biggest risk their organization faces when adopting AI, and more than half of respondents consider the responsible and ethical use of AI as part of their approach to AI governance. The most important considerations for what respondents mean by 'responsible AI' are data privacy (55 percent), accountability (52 percent) and transparency (48 percent).

The survey also revealed a persistent shortage of AI skills. Key roles that companies are looking to fill include software development (44 percent), machine learning (42 percent) and data analytics, engineering and governance (40 percent).

rackspace.com