The cost of technology was perceived by financial services firms worldwide as the main barrier to the adoption of artificial intelligence (AI) in the sector as of 2020. The high cost of AI technologies was cited as the main adoption barrier by 33 percent of the North American respondents, while insufficient infrastructure followed with 31 percent of the respondents in the region.
Main barriers to the adoption of artificial intelligence (AI) among financial services firms worldwide in 2020, by region
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Forbes. (October 31, 2020). Main barriers to the adoption of artificial intelligence (AI) among financial services firms worldwide in 2020, by region [Graph]. In Statista. Retrieved April 20, 2024, from https://www.statista.com/statistics/1246947/financial-services-barriers-to-ai-adoption-2020/
Forbes. "Main barriers to the adoption of artificial intelligence (AI) among financial services firms worldwide in 2020, by region." Chart. October 31, 2020. Statista. Accessed April 20, 2024. https://www.statista.com/statistics/1246947/financial-services-barriers-to-ai-adoption-2020/
Forbes. (2020). Main barriers to the adoption of artificial intelligence (AI) among financial services firms worldwide in 2020, by region. Statista. Statista Inc.. Accessed: April 20, 2024. https://www.statista.com/statistics/1246947/financial-services-barriers-to-ai-adoption-2020/
Forbes. "Main Barriers to The Adoption of Artificial Intelligence (Ai) among Financial Services Firms Worldwide in 2020, by Region." Statista, Statista Inc., 31 Oct 2020, https://www.statista.com/statistics/1246947/financial-services-barriers-to-ai-adoption-2020/
Forbes, Main barriers to the adoption of artificial intelligence (AI) among financial services firms worldwide in 2020, by region Statista, https://www.statista.com/statistics/1246947/financial-services-barriers-to-ai-adoption-2020/ (last visited April 20, 2024)
Main barriers to the adoption of artificial intelligence (AI) among financial services firms worldwide in 2020, by region [Graph], Forbes, October 31, 2020. [Online]. Available: https://www.statista.com/statistics/1246947/financial-services-barriers-to-ai-adoption-2020/