Accenture‘s recent review of companies’ AI readiness indicated that European businesses are closing the gap on their North American counterparts but face revenue-related fragmentation risks.
The professional services player acknowledged the data in its inaugural Accenture AI Progress Barometer would only begin to provide truly meaningful insights in later editions. For now, though, the benchmarking of companies against counterparts in various industries and regions shows greater momentum for European businesses than North American over the past six months.
European companies’ AI readiness scores improved by 1.6 points compared with a 1.1-point gain by North American counterparts.
Accenture’s measure involves rating companies from 0 to 100, the latter being the highest level of AI readiness. It tracked around 3,000 businesses.
For all the progress of European companies, Accenture noted North American businesses ranked more highly overall, with an average rating of 48.9 compared with 43.1 out of 100.
Accenture warned its research showed European companies with annual revenue above $10 billion were higher up the scale than smaller businesses, with the gap more pronounced than the comparative North American figures.
Accenture CEO for EMEA Mauro Macchi was confident, though, saying the figures show Europe is “building real momentum in AI” and businesses seem to realise “enterprise-wide reinvention” is required to reap the greatest benefits from the technology.
Source: Mobile World Live
Image Credit: ShutterStock
Source: Tahawul Tech