Some 30% of the survey’s respondents plan to increase their spending on AI/machine learning technologies in 2020. And a quarter of the companies surveyed plan to spend more than $500,000 on AI this year, compared with only 12% two years ago in 2018.
This continues a trend announced for 2019. AI and blockchain then spiked as priority areas for investment. AI leapt, in the 2018 for 2019 survey, from 8% to 18% as a priority area in the UK, and from 8% to 16% in Europe, the Middle East and Africa (EMEA). Blockchain went from 3% to 6% as an investment priority area in the UK, and from 5% to 10% in the EMEA region as a whole.