BCG and MIT Sloan Management Review launched their second annual report on AI in business, based on a survey of more than 3000 enterprises in 29 industries and 126 countries. Some of the key findings are that:

1. The 18% companies which are classified as pioneers based on their knowledge and activity level, are pulling ahead of others on many dimensions
2. Their overwhelming emphasis is on revenue enhancing rather than cost reducing applications
3. Pioneers are most aggressive in their efforts to scale AI beyond spot applications to enterprise level impact
4. Conversely, some of the barriers which hold other companies include leadership support, technological capabilities and lack of an articulated business case.

Interestingly the majority of all companies see AI triggering modifications to their business models in the next 5 years and more than 90% predict that AI will drive new business value over the same period, spread across most functional areas of business.