Russian Entrepreneurs Outrun Western Companies In Use Of Artificial Intelligence - Survey

Russian Entrepreneurs Outrun Western Companies in Use of Artificial Intelligence - Survey

Russian businesspeople are more actively using artificial intelligence (AI) in their work than entrepreneurs from Western countries and are much more eager to increase the effectiveness of AI technology in their companies, a survey carried out by Microsoft showed on Tuesday

MOSCOW (Pakistan Point News / Sputnik - 05th March, 2019) Russian businesspeople are more actively using artificial intelligence (AI) in their work than entrepreneurs from Western countries and are much more eager to increase the effectiveness of AI technology in their companies, a survey carried out by microsoft showed on Tuesday.

According to the results of the survey, 30 percent of the Russian entrepreneurs are integrating the AI into their businesses, while only 22.3 percent of foreign entrepreneurs do the same.

A total of 73 percent of respondents from Russia believe that artificial intelligence has a positive impact on their management, and 90 percent of Russian businesspeople would like to seek assistance from experts to optimize the use of AI in their companies, compared to 67.3 percent of foreign entrepreneurs.

The survey also revealed that the higher the expected growth rate of a company is, the more likely it is to embrace artificial intelligence: over 40 percent of companies that are expected to experience a double-digit growth in the next five years are eagerly integrating AI, while only 18.5 percent of companies with projected single-digit growth are using the technology.

The survey was conducted on January 18-27 among 800 leaders of large companies with at least 250 employees, based in France, Germany, Italy, the Netherlands, Russia, Switzerland, the United Kingdom and the United States.