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Latest Research from Morgan Stanley
Wider Adoption of AI has become mission critical
Companies view wider AI adoption as mission-critical for their future, with plans to expand AI use in core functions by 2025.
Scaling AI is the top priority for enterprise data strategy, with 78% of surveyed executives and 96% of the leader group emphasizing its importance.
Major spending growth is planned to strengthen AI's data foundations, particularly in data security, governance, and platform development.
Investment growth intentions are strongest in the financial services industry, with retail/consumer goods and automotive/manufacturing companies also planning substantial increases.
Multi-cloud and open standards are integral to AI progress, with leaders recognizing the flexibility that a multi-cloud approach provides for AI development.
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