{"id":29700,"date":"2021-01-21T15:50:00","date_gmt":"2021-01-21T14:50:00","guid":{"rendered":"https:\/\/www.fundacionbankinter.org\/noticias\/ai-priority-and-budgets-increase-significantly\/"},"modified":"2025-12-18T13:04:22","modified_gmt":"2025-12-18T12:04:22","slug":"ai-priority-and-budgets-increase-significantly","status":"publish","type":"noticias","link":"https:\/\/www.fundacionbankinter.org\/en\/news\/ai-priority-and-budgets-increase-significantly\/","title":{"rendered":"AI Priority and Budgets Increase Significantly"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/info.algorithmia.com\/hubfs\/2020\/Reports\/2021-Trends-in-ML\/Algorithmia_2021_enterprise_ML_trends.pdf?hsLang=en-us\"><em>2021 enterprise trends in machine learning<\/em><\/a> report, published by<strong> Algorithmia<\/strong>, indicates that there is a growing interest in Artificial Intelligence solutions by companies. Some data that prove it: <\/p>\n\n<ul class=\"wp-block-list\"><li>50% of companies plan to spend more on AI and ML this year, and 20% say they will significantly increase their budgets.<\/li><li>83% of companies have increased their budgets for AI year over year.<\/li><\/ul>\n\n<ul class=\"wp-block-list\"><li>43% of companies say their AI and ML initiatives matter &#8220;more than we thought.&#8221;<\/li><li>The percentage of respondents who indicated having more than five AI use cases has increased by 74% in just one year.<\/li><\/ul>\n\n<p class=\"wp-block-paragraph\"><strong>And in which areas is AI most applied? Improving the customer experience <\/strong>to drive higher revenue growth and <strong>automating processes <\/strong>to reduce costs are the two most popular application areas for AI and ML in business.<\/p>\n\n<p class=\"wp-block-paragraph\">Thus, we see that AI is becoming a technology that is increasingly used by companies, especially when applied in cases that have a clear return on investment. We are moving from the era of <strong>prototyping<\/strong> to the era of <strong>applications in production.<\/strong> <\/p>\n\n<p class=\"wp-block-paragraph\">Of course, there are still a number of<strong> challenges to be solved.<\/strong> The most serious, according to the report, are:<\/p>\n\n<ol class=\"wp-block-list\"><li>AI <a href=\"https:\/\/algorithmia.com\/blog\/model-governance\">system governance<\/a>, which is the overarching framework for how an organization controls access, implements policies, and tracks model activity and outputs.<\/li><li><strong>Integration with and compatibility with existing IT systems <\/strong>.<\/li><li><strong>Organisational complexity<\/strong> due to the necessary pooling and coordination of all areas of the company.<\/li><\/ol>\n\n<p class=\"wp-block-paragraph\">If you want to know more about AI and ML, and about the challenges and opportunities they present in our society, we invite you to read our trend from the<strong> Future Trends Forum<\/strong> &#8220;<a href=\"https:\/\/www.fundacionbankinter.org\/en\/ftf-informes\/artificial-intelligence\/#report-section-00\">Artificial Intelligence<\/a>&#8220;, where world experts participated, including Spaniards such as <a href=\"https:\/\/www.fundacionbankinter.org\/en\/pilar-manchon\/\">Pilar Manch\u00f3n<\/a>, <a href=\"https:\/\/www.fundacionbankinter.org\/en\/nuria-oliver\/\">Nuria Oliver<\/a> , <a href=\"https:\/\/www.fundacionbankinter.org\/en\/ramon-lopez-de-mantaras\/\">Ram\u00f3n L\u00f3pez de M\u00e1ntaras<\/a> or <a href=\"https:\/\/www.fundacionbankinter.org\/ftf\/expertos\/andres-torrubia\">Andr\u00e9s Torr<\/a><a href=\"https:\/\/www.fundacionbankinter.org\/en\/experts\/andres-torrubia\/andres-torrubia-2\/\">u<\/a><a href=\"https:\/\/www.fundacionbankinter.org\/ftf\/expertos\/andres-torrubia\">bia<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent 2021 Business Trends Report on Artificial Intelligence (AI) and Machine Learning (ML), notes that 76% of organizations prioritize AI\/ML over other IT initiatives<\/p>\n","protected":false},"featured_media":12499,"template":"","meta":{"_acf_changed":false,"_oaas_summary":"The 2021 Enterprise Trends in Machine Learning report by Algorithmia reveals a significant rise in corporate interest and investment in Artificial Intelligence (AI) and Machine Learning (ML). Half of the surveyed companies plan to increase their AI\/ML budgets this year, with 20% expecting substantial growth. Additionally, 83% have already boosted their AI funding year over year. The number of companies with over five AI use cases has surged by 74% in just one year, indicating a shift from experimental phases to widespread production deployment. The primary applications of AI focus on enhancing customer experience to drive revenue and automating processes to cut costs, reflecting a clear emphasis on projects with measurable returns on investment.\n\nDespite this progress, challenges remain. Key issues include establishing robust AI governance frameworks to oversee access, policy enforcement, and model monitoring; ensuring seamless integration with existing IT infrastructures; and managing organizational complexity that arises from cross-departmental collaboration. The report underscores AI's growing role as a transformative business technology while highlighting the need for careful management of its implementation. For a deeper understanding of AI's societal impact and future prospects, the Future Trends Forum \"Artificial Intelligence,\" featuring global experts including notable Spanish researchers, offers comprehensive insights into the field's evolving landscape.","_oaas_audio_url":"https:\/\/www.fundacionbankinter.org\/wp-content\/uploads\/2025\/12\/summary-29700-1766059468.mp3"},"categories":[204],"class_list":["post-29700","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","category-science-and-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Companies prioritize Artificial Intelligence<\/title>\n<meta name=\"description\" content=\"76% of organizations prioritize Artificial Intelligence \/ Machine Learning over other IT initiatives\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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