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European enterprises race to implement AI and automation but strategy lags behind speed
European enterprises are rapidly deploying Artificial Intelligence ( AI ) and automation technologies , with 92 % of organisations having implemented these solutions over the last two years , according to new research from Digitate , a leading provider of AI-powered software for IT and business operations .
However , the report , The race to outpace : How AI and automation are driving European enterprises across the finish line , looks at the state of enterprise AI and automation adoption , challenges and risks , and implementation concerning future outlook , suggests that while adoption is widespread , many organisations are still working to develop comprehensive strategies for these technologies .
Organisations have invested an average of € 103.4 million into AI and automation implementations over the last two years .
The study , which surveyed 900 IT decision-makers across seven European countries , found organisations have invested an average of € 103.4 million into AI and automation implementations over the last two years , with over half ( 59 %) spending up to € 295 million .
These investments are yielding significant returns , with 86 % of organisations reporting ROI averaging € 154.7 million .
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