Appen’s State of AI Report: Key Takeaways for Nonprofits
Appen, a worldwide artificial intelligence training data company, published its “The State of AI and Machine Learning” report. It is a succinct look into the state of AI. As with other AI-related reports, here is a nonprofit-focused summary for the busy practitioner. The graphs in the report are interesting and look at how companies are using AI, so we leveraged a number of them to provide the summary.
AI is no longer “new and exciting” for businesses. It’s table stakes, and 73% are using it.
Companies aren’t just talking about AI. Almost everyone is implementing some version of AI or machine learning.
COVID-19 has played a major role in driving AI adoption across major players and within companies. Also, the article questions if AI will become a feature of larger platforms or actually platforms on their own.
Ethics, governance and risk management are being viewed in multiple lenses. Overall, global rollout is the most common lens. Basically, AI ethics and governance are important to all users. This will only increase in the coming years.
Companies implementing AI are seeing an increase in the importance of bias. Considering what is happening globally right now, it's no surprise they’re worried if algorithms are being biased. Spoiler alert: They are biased.
Finally, budgets greater than $5 million doubled in the last year. Those who are seeing value in AI are doubling down. This same trend will happen in the nonprofit sector.
Suffice to say, COVID-19 has only accelerated the adoption of AI globally. The nonprofit world is still warming up to AI, but much activity is expected to happen in the next 12 months.
Free Resource: Have you downloaded the “State of Artificial Intelligence in the Nonprofit Sector” report yet? It’s the most comprehensive analysis of AI for social good available.
Jared Sheehan is the CEO of PwrdBy. He started PwrdBy in 2015 after leaving Deloitte Consulting, where he was a senior consultant in their supply chain sustainability practice and worked with clients such as TOMS Shoes, Starwood hotels and Panasonic.
Jared is a Lean Six Sigma Black Belt and has built numerous successful products in partnership with clients, including the Children’s Miracle Network Hospitals fundraising application, In Flight, which helps manage 75K+ corporate partners and raise $400M annually. Jared is the creator of the Amelia and NeonMoves mobile apps.
Jared graduated Summa Cum Laude from Miami University with a double major in accounting and environmental science. Jared is an iron athlete, mountaineer and has cycled across the U.S.