Stat: The majority of AI decision-makers keep changing their initial plans

US – Honeywell has unveiled its latest findings from the Industrial AI Insights global research study, highlighting significant trends in AI adoption within the industrial sector. Despite only 17% of AI decision-makers having fully implemented their initial AI plans, more than 90% are discovering new use cases during various stages of AI deployment.

The study reveals widespread enthusiasm for AI’s potential, with 94% of surveyed leaders planning to expand their AI investments. ‘AI is at a pivotal moment,’ stated Kevin Dehoff, Honeywell’s chief strategy officer. ‘With gen AI and advanced analytics, industrial AI is set for exponential growth, offering vast revenue and employee satisfaction opportunities.’

Key benefits identified by AI leaders include enhanced efficiency and productivity (64%), improved cybersecurity (60%) and better decision-making (59%). Additional benefits such as increased work flexibility, job satisfaction and workplace safety were also noted.

Challenges remain, with 37% of respondents citing a lack of understanding of AI among their C-Suite and 48% struggling to secure necessary resources. For more insights on how AI will change employment and workplaces, head to our Work States Futures macrotrend report.