The survey shows that artificial intelligence (AI) and machine learning (ML) company budgets are growing across all industries with 83 percent of companies increasing their budgets in 2020 compared to 2019.
Change in AI/ML (Artificial Intelligence/Machine Learning) company budgets from FY 2018 to 2020
Characteristic
Deacreased
No change
Increased 1%-25%
Increased 26%-50%
Increased 51%-75%
Increased >75%
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Algorithmia. (December 10, 2020). Change in AI/ML (Artificial Intelligence/Machine Learning) company budgets from FY 2018 to 2020 [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1111275/change-in-ai-ml-budgets/
Algorithmia. "Change in AI/ML (Artificial Intelligence/Machine Learning) company budgets from FY 2018 to 2020." Chart. December 10, 2020. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1111275/change-in-ai-ml-budgets/
Algorithmia. (2020). Change in AI/ML (Artificial Intelligence/Machine Learning) company budgets from FY 2018 to 2020. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1111275/change-in-ai-ml-budgets/
Algorithmia. "Change in Ai/Ml (Artificial Intelligence/Machine Learning) Company Budgets from Fy 2018 to 2020." Statista, Statista Inc., 10 Dec 2020, https://www.statista.com/statistics/1111275/change-in-ai-ml-budgets/
Algorithmia, Change in AI/ML (Artificial Intelligence/Machine Learning) company budgets from FY 2018 to 2020 Statista, https://www.statista.com/statistics/1111275/change-in-ai-ml-budgets/ (last visited July 23, 2024)
Change in AI/ML (Artificial Intelligence/Machine Learning) company budgets from FY 2018 to 2020 [Graph], Algorithmia, December 10, 2020. [Online]. Available: https://www.statista.com/statistics/1111275/change-in-ai-ml-budgets/