According to Rackspace Technology's announced FAIR 2024 AI research findings, the transition from ideation to industrialization of AI is crucial for critical business operations, with AI being increasingly utilized for decision-making and operationa

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According to Rackspace Technology's announced FAIR 2024 AI research findings, the transition from ideation to industrialization of AI is crucial for critical business operations, with AI being increasingly utilized for decision-making and operationa - GlobeNewswire

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Study Shows AI Investments Have Doubled in Past Year, Underscoring Accelerated AdoptionSAN ANTONIO, March 26, 2024 (GLOBE NEWSWIRE) -- New Foundry for AI by Rackspace (FAIR™) 2024 AI Research Report sponsored by AWS and commissioned by Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud, and AI technology services company, finds that more than 60% of participants have advanced their Artificial Intelligence (AI) strategies beyond the ideation and proof-of-concept stages and are now transitioning to the initial phases of adoption.

"As AI becomes increasingly commoditized with easier consumption models, it is establishing itself as a ubiquitous tool that can fit almost anywhere, with a broad-brush impact across all aspects of the organization.” In June 2023, Rackspace Technology launched FAIR, a global practice dedicated to helping organizations accelerate the responsible and sustainable adoption of AI across all industries.

The widespread adoption of AI across various parts of businesses indicates that organizations recognize it as a profoundly impactful technology with transformative capabilities.” Security & Ethics Remain a Concern Despite the widespread and rapid adoption, organizations remain cautious of AI-associated risks, including ethical and security concerns associated with the technology.