Alteryx Research Reveals AI Impact on Shaping Future Enterprises

• Alteryx Research Reveals AI Impact, UAE business leaders plan more investments in advanced tech.
• AI is already influencing 82% of organizations.
• Concerns about data privacy and governance are rising.
• 73% emphasize the need for multi-skilled employees.
• Regulations for AI are deemed necessary by 87%.
• Alteryx Research Reveals AI Impact aims to empower with self-service analytics.

Alteryx Research Reveals AI Impact

Alteryx Research reveals AI impact, a leading Analytics Cloud Platform company, has released significant findings from independent research, shedding light on the critical roles that Artificial Intelligence (AI) plays in shaping the enterprises of the future. The study, titled Defining the Enterprise of the Future, draws insights from 2,800 global IT and business decision-makers, outlining a three-year roadmap for enterprises operating in an AI-centric era.

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Key Highlights from the Research:

• Innovation and Regulation Influence:

  Alteryx Research Reveals AI Impact that both innovation and regulation are pivotal in shaping the future of enterprises. Approximately 59% of UAE business leaders are inclined to boost investments in advanced technology. Notably, 82% acknowledge AI’s current impact on organizational capabilities. Moreover, 45% of respondents aim to invest in advanced technologies, particularly AI, to adapt to market dynamics.

• AI’s Influence and Ethical Concerns:

  Nearly half of the surveyed leaders (49%) foresee AI’s ubiquitous presence across all business sectors. However, with this growth come crucial ethical concerns. Issues revolving around data privacy (47%), transparency (40%), and data governance (36%) have emerged, reshaping the conversation around regulations from being frowned upon to becoming a crucial consideration for businesses.

• Shift in Regulatory Expectations:

  A significant majority (87%) of UAE business leaders advocate for the development of sector-specific regulations governing AI usage. Moreover, half of the participants (50%) express concerns over the potential legal and ethical repercussions if an ethical AI framework is not in place.

• Evolution of Workforce Skills:

  The research highlights a transition in desired skill sets. Approximately 73% of leaders now emphasize the significance of having multi-skilled employees over those specializing in a single area. While technical skills like AI and ML remain pivotal (28%), soft skills such as digital literacy (26%), team leadership (26%), and critical thinking (19%) are increasingly sought after in the workforce.

Commenting on the findings, Karl Crowther, VP of MEA at Alteryx,

Emphasized the importance of comprehensive data-driven decision-making to instill confidence in secure AI adoption. He highlighted that a balanced approach is vital to success.

About the Research:

Conducted by Coleman-Parkes, the survey targeted 2,800 IT decision-makers, data analysts, and business leaders globally. The study encompassed a diverse spectrum of sectors, including public services, manufacturing, financial services, banking, and technology.

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About Alteryx:

Alteryx (NYSE: AYX) powers analytics for enterprises through its Analytics Cloud Platform, enabling intelligent decision-making and democratizing analytics across various use cases.

For detailed insights, the full Defining the Enterprise of the Future report is available for download on Alteryx’s official website.