A report by Cognilytica states that “Limited AI Skills or Talent” was a showstopper for 13% of all companies and slowing adoption for a further 27%," said Stu Frost. "Our own research indicates that these numbers are significantly higher for mid-sized companies."
LADERA RANCH, Calif. (PRWEB) February 06, 2020
Stu Frost of Geminos Software (http://www.geminos.ai) today released a whitepaper targeted at mid-sized companies facing the challenge of building artificial intelligence applications.
According to research published by IDC, more than 500 million AI-driven applications will need to be built over the next few years. But achieving this would require hundreds of millions of artificial intelligence application developers and data scientists.
“Reading the press,” said Stu, “it seems as though everyone is implementing AI-driven solutions as part of broad digital transformations that will take them to “Industry 4.0”. The reality is somewhat different. While it’s true that large companies such as Wal-Mart, Amazon, FedEx, etc. have had successes and in some cases have radically improved their operations or even created entirely new lines of business, the successful use of AI has not yet reached the broader market to the same extent.”
Cognilytica recently published a report revealing that only 9% of companies in the US have more than one AI solution operating. The majority of the rest have their first project in progress (18%) or are planning to start their first in the next 1-3 years. (42%).
Frost continued, “One of the main reasons why these companies struggle to keep up is the difficulty they have in hiring high quality resources that can deliver effective solutions.”
Cognilytica reported that 27% of companies would slow and 13% would stop adopting AI altogether because of limited artificial intelligence skills. According to Stu Frost, Geminos has found the numbers to be even higher for mid-sized companies.
Stu reported that “This is the fundamental problem that we at Geminos are setting out to solve – improving the price/performance of AI solution development by >10X. In the mid-term, we will be “Using AI to Build AI” as per our tagline, but in the meantime, our approach can already provide significant improvements and we have a great team of highly experienced data scientists that can deliver solutions with very compelling time and cost to value.”
To read the full whitepaper go to https://geminos.ai/blog/stu-frost/749/
About Stu Frost
A veteran of the worlds of analytics and data management with more than 30 years of experience, Stu Frost, from Ladera Ranch, California, has created and incubated many companies in the data and artificial intelligence markets, developing an unparalleled knowledge of customer needs and the key technologies involved in the process. In the last eight years, Stu has created and incubated some of the leading companies in the IIoT market, including Maana (IIoT knowledge platform), OspreyData (oil and gas analytics), NarrativeWave (wind farm analytics), ThinkIQ (food traceability) and SWARM (AI agents for IIoT). During this time, he saw the market go from its very early gestation to the point where major industrial companies are Stu to make significant, long term commitments to digitization. Through this unique experience, Stu has developed deep knowledge of the market’s needs and how to successfully create and sell key technologies to meet those needs
About Geminos Software
Stu’s newest venture is Geminos Software’s (http://www.Geminos.ai). Geminos’ digital twin platform improves the quality and time to market of AI-driven solutions to enable industrial digital transformation (Industry 4.0 or Industrial IoT). The Geminos platform uses “AI to build smarter AI applications” and solves some of the key challenges in creating next generation applications.