Where do we stand?
of respondents consider their company to be mature with regard to data architecture
of respondents say there is a clear and defined strategy for managing data within their company
of respondents say they are currently using AI
This survey was conducted in May 2019. The questions were aimed at understanding what types of strategy Luxembourg companies currently have in place to manage data, the types of technology they use, and how they are investing to adopt a data-driven culture.
In Luxembourg, only 23% of companies are currently using AI. The human factor is by far the biggest hurdle, the financial factor being the second-largest obstacle.
Main reasons for not deploying AI in Luxembourg
"The AI journey starts with your people. The capacity of employees, especially younger generations, to embrace the AI revolution is underestimated. Organisations should upskill their employees - all of them - and trust them to innovate."
One of the approaches that firms have established to deal with data-driven disruption and change is to establish new management roles.
Data-processing positions in place within Luxembourg companies
The continuing rise in the importance of data analytics and AI is one of the most striking features of today’s economy and society. The keys to success are to determine how your firm should respond, assign clear responsibilities for data strategy, and then move ahead to execute the required changes systematically and effectively.
Organisations need to take action by upskilling people, setting up a clear governance framework, and investing in expert people to build skilled teams. Most importantly, they should not be afraid to launch initiatives and to test and fail.
AI is a gigantic opportunity, and many governments are working to make sure that their countries get a big piece of the pie. To date, more than 20 countries, including Canada, China, France, Germany, India, Japan, Kenya, Mexico, New Zealand, Russia, South Korea, the UAE, and the UK, have released AI strategy documents.
Given the potential for AI to have disruptive social and environmental effects, the development of sophisticated national and international governance structures will become increasingly critical. Perhaps no other emerging technology has inspired such scrutiny and discussion.
We would like to thank PwC France and Usine Digitale for sharing with us the questionnaire and methodology they originally developed to conduct a study on the use of Big Data and Artificial Intelligence by French companies.
Their joint publication can be found on PwC’s website (www.pwc.fr) under the title "Du Big Data à l’Intelligence Artificielle : le défi des entreprises françaises, Novembre 2018".
Data and AI Leader, PwC Luxembourg
Tel: +352 49 48 48 2269
Data and AI Director, PwC Luxembourg
Tel: +352 62133 41 89
Risk Assurance Partner, PwC Luxembourg
Tel: +352 49 48 48 2467