Artificial Intelligence in Latin America 2023 | NTT DATA

Data & Intelligence

Artificial Intelligence in Latin America 2023

Exploring AI as a Catalyst on the Latin American Digital Frontier

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Latin America is experiencing a boom in the Artificial Intelligence (AI) revolution, which has become a strategic driver for improving operational efficiency, automating repetitive tasks, and providing advanced analytics.

This technology is no longer restricted to technology companies. Seventy-one percent of companies surveyed recognize the potential of AI in 2023, representing a significant increase from 58% in 2020.

Implementation and investment have both evolved in this scenario. Traditional companies also embrace the trend and use AI to improve the customer experience. And 15% of leading technology companies plan to allocate more than 15% of their annual revenue to AI projects.

 

Collaboration between business, data, and AI teams has now become mainstream in 41% of organizations in the region. This approach reflects the fact that 60% of companies have a preference for customized solutions for AI management.

60%

of companies have chosen customized solutions for AI management.

20.55%

of the companies, the lack of skilled talent is the biggest challenge for AI adoption.

The report also reveals that Microsoft Azure leads in machine learning platforms with a 21% preference and corporate MLOps frameworks' use has consistently risen, especially in organizations with AI expertise.

Artificial Intelligence in Latin America 2023

Exploring AI as a Catalyst on the Latin American Digital Frontier

Download the report

Main challenges

Even though AI is transforming business in Latin America, challenges are still related to its implementation. Lack of skilled talent, cost concerns, resistance to change, and cybersecurity are just some of the main challenges to adoption.

 

 

A growing concern has also emerged about the ethics of AI and its adoption, focusing on issues of transparency, privacy, security, and liability. Companies must focus on these issues, although there is no clear action plan.

The strategic adoption of AI has become mandatory in a world where business evolves constantly. Understanding the challenges and opportunities of AI is key to making more informed and strategic decisions, driving its adoption and organizational success.

Artificial Intelligence in Latin America 2023

 

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