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A recent study by Tata Consultancy Services (TCS) reveals that 86% of senior business leaders have already implemented artificial intelligence (AI) to boost revenue streams. The focus is shifting towards using AI for innovation and revenue growth rather than just productivity and cost-cutting measures. Executives are optimistic about AI's potential impact on businesses, with many expecting employees to utilize AI capabilities in their roles.
The study highlights that enterprises are transitioning from experimenting with AI to widespread adoption, recognizing the challenges in deploying AI solutions at scale. While executives see the transformative potential of AI, only a small percentage have fully transformed their businesses using AI. There is a growing need for businesses to develop strategic approaches and performance metrics to measure the impact of AI on their operations.
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