Only 12 per cent of companies have developed AI maturity enough to achieve “superior growth” and business transformation, according to Accenture. On average, 12 per cennt of “AI achievers” attribute 30 per cent of their total revenue to AI.

AI maturity measures how companies master AI-related capabilities.

The maturity of AI is divided into four broad types, including AI achievers, AI builders, AI innovators, and AI experimenters. AI achievers show advanced AI maturity enough to achieve “superior growth” and business transformation. AI builders show strong foundational capabilities and average differentiation capabilities.

AI innovators show strong differentiation capabilities and average foundational capabilities. AI experimenters are the companies with average capabilities in both categories.

Key findings of the study include the fact that 75 per cent of companies have already integrated AI into their business strategies and revised their cloud plans to achieve AI success.

Almost a third of AI pilot initiatives are then scaled to achieve far-reaching results, with 42 per cent of business leaders reporting that AI projects have exceeded their expectations.

It is also predicted that the transformation of artificial intelligence will take less time than the digital transformation, on average 16 months faster.

The proportion of a company’s turnover influenced by “artificial intelligence” more than doubled between 2018 and 2021 and is expected to triple between 2018 and 2024.

The research also identified the most advanced AI industries such as technology, automotive, aerospace and defence.