Columbia Threadneedle: COVID-19 ‘massively accelerates’ take-up of AI

Columbia Threadneedle: COVID-19 ‘massively accelerates’ take-up of AI

April 27, 2021

Artificial Intelligence Technology
Technologie (06) AI artificial intelligence cloud

The pandemic has forced companies to rethink their approach to intelligent automation, speeding the spread of Artificial Intelligence (AI)-based technologies from the tech and internet sectors through the rest of the economy.

In healthcare for example, AI-related technologies have received a “battlefield promotion” as the crisis forced the pace of innovation and adoption, but, according to David M. Egan, Senior Analyst and Head of Thought Leadership, Research at Columbia Threadneedle Investments, we’re now also seeing a surge of interest in robotics among companies that need to respond to the productivity hit caused by social distancing requirements in warehouses.

In his view, early adopters stand to gain huge competitive advantages: companies that move fastest to adopt technology innovations such as AI and intelligent automation open up a productivity and growth advantage over those that move more slowly, which quickly becomes unassailable.

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